finance

Emerging Brands

Topgolf and Puttshack founders to launch new concept bringing tech to the game of pool

Investors across the food-and-games segment have raised $34 million to create the new Poolhouse. It will open first in the U.K. and is scheduled to debut in the U.S. next year.

Technology

ClearCOGS raises $3.8M for AI-powered restaurant forecasting

The company’s software helps operators predict how much food and labor they will need. Its goal is to boost profits and reduce food waste.

The Bottom Line: The bankruptcy filings at Hooters and TGI Fridays show that the market can promote some risky behavior while leaving executives with fewer options to build sales during tough times.

The Bottom Line: Ed Cerullo, a credit analyst with Octus, joins the restaurant finance podcast A Deeper Dive to talk about the securitization market after two crucial failures.

All but two restaurant stocks plunged on a second day of a market selloff, prompted by a dramatic increase in import taxes.

A look back at the week’s biggest news in the restaurant industry from Restaurant Business.

The Bottom Line: CEC Entertainment is reportedly having a tough time getting investors on a $660 million bond offering. That's disconcerting news for the restaurant industry.

The drive-thru coffee chain now believes there is room for more than 7,000 locations nationwide, up from its previous forecast of 4,000.

The casual-dining chain is deep in debt and recently closed several locations around the Midwest.

HMC Hospitality, the operator of Original Hooters restaurants, is plotting to rescue the larger Hooters of America through a bankruptcy filing, Bloomberg reported.

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