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finance

Financing

BurgerFi parent agrees to settle shareholder lawsuit

 By Lisa Jennings on Jul. 26, 2024

Lion Point Capital alleged BurgerFi International Inc. failed to timely register its shares in a SPAC deal, costing the shareholder $26 million.

Technology

AI supplier Presto could be headed for a lender takeover

 By Joe Guszkowski on Jul. 26, 2024

The restaurant tech company has been unable to find a buyer for its debt, which could clear the way for lender Metropolitan Partners to seek strategic alternatives for Presto including a sale.

Financing

Krispy Kreme sells a majority stake in Insomnia Cookies

By Jonathan Maze on Jul. 22, 2024

A pair of private-equity groups, Verlinvest and Mistral Equity Partners, bought the stake, which values the cookie chain at $350 million. Krispy Kreme is keeping a 34% share in the concept.

Financing

Here’s what an activist investor could push Starbucks to do

By Jonathan Maze on Jul. 22, 2024

The Bottom Line: With the coffee shop chain reportedly talking with an activist investor, here’s a look at some of the potential changes they might demand.

Financing

Starbucks is reportedly getting an activist investor

By Jonathan Maze on Jul. 19, 2024

Elliott Investment Management is apparently pushing the Seattle-based coffee shop chain to make changes, according to multiple media reports.

Financing

Ignore the Red Lobster problem. Sale-leasebacks are not all that bad

By Jonathan Maze on Jul. 12, 2024

The decade-old sale-leaseback at the seafood chain has raised questions about the practice. But experts say it remains a legitimate financing option for operators when done correctly.

Financing

Red Lobster ponders best path out of bankruptcy

By Joe Guszkowski on Jul. 12, 2024

The seafood chain and its creditors are aligning behind a debt-for-equity deal that would limit disruptions and expenses.

Financing

The restaurant M&A market was tough, and then came the bankruptcies

By Jonathan Maze on Jul. 10, 2024

The market for restaurant mergers and acquisitions has been slow for more than two years. But that market is bifurcated, as good deals get done and opportunistic buyers snap up low-priced chains.

Leadership

Chipotle's longtime CFO Jack Hartung to retire next year

By Lisa Jennings on Jul. 09, 2024

Adam Rymer, Chipotle's vice president of finance, will step into the CFO role in January, and the two will work together for three months to smooth the transition.

Financing

More small restaurant chains file for bankruptcy

By Jonathan Maze on Jun. 17, 2024

Melt Bar & Grilled, an Ohio chain that was featured on the Food Network and the Travel Channel, joins the Chicago concept Kuma’s Corner and other small chains running into post-pandemic financial problems.

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