finance

Financing

Steakhouse group 801 Restaurants files for Chapter 11 bankruptcy

The Kansas-based company operates eight restaurants in seven cities and recently closed a location in Minneapolis.

Financing

7-Eleven's IPO is delayed until next year

Seven & I Holdings said that its planned initial public offering won't take place until March 2027 at the earliest. It comes amid rising gas prices and economic concerns.

Sales at the seafood chain declined last year, data shows, and it’s dealing with some of the same challenges that led to its bankruptcy. Ownership says it's still committed to the turnaround effort.

The eatertainment chain will add games tied to IP such as Stranger Things and John Wick this year as it looks to end a lengthy same-store sales slump.

The bundt cake chain, which is approaching $1 billion in system sales, is being sold at a reported value of $2 billion. It’s a rare exit for the private-equity firm Roark Capital.

Atlanta-based Neighborhood Restaurant Partners took the step after it was unable to find a buyer for its 53 locations. Applebee’s is now in line to acquire them.

Gabrielle Scheibe Rabinovitch joins the fast-growing food hall/delivery company from Worldpay and will help get Wonder “IPO-ready” by early next year.

The two casual-dining chains reported strong sales growth in the first months of 2026, prompting parent company Darden Restaurants to upgrade its annual forecast again.

Voss Capital, which owns more than 13% of PAR stock, argued that the POS company’s struggling share price does not reflect its true value.

Traffic is still down significantly at the family-dining chain, but it is beginning to improve, and customers are giving the chain higher marks on food and service.

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