finance

Financing

Minnesota restaurants will soon have to start disclosing total prices, service fees included

A law enacted this week bans hidden fees but allows restaurants to continue levying surcharges if customers get a heads-up and the money goes to employees.

Financing

Red Lobster gives private equity another black eye

The Bottom Line: The role a giant sale-leaseback had in the bankruptcy filing of the seafood chain has drawn more criticism of the investment firms' financial engineering. The criticism is well-earned.

The multi-concept restaurant operator said it would also like its Smokey Bones barbecue concept to become a public company.

A filing could come as early as next week, according to the Wall Street Journal. The seafood chain closed dozens of restaurants in recent days.

As the first location of the eatertainment concept prepares to open this week, this veteran of the segment is looking to grow his multi-brand portfolio under the umbrella Joy Trade. He's on the hunt for acquisitions.

The chairman of Fatburger owner Fat Brands was accused of engineering a $47 million false loan scheme, draining the company of revenue to the point that it struggled to pay its bills.

Reality Check: The first three months of 2024 weren’t easy on restaurant chains, but spin-doctoring proved to be. Indeed, there must have been a run on shovels.

The Series B funding brings the Enlightened Hospitality Investments total to $17.5 million, which will help the 38-unit chain compete in the crowded cookie segment.

The sale, scheduled for Friday, includes all inventory, intellectual property, equipment and more from the urban convenience store-restaurant hybrid, which closed suddenly last month.

Restaurant chains navigated a difficult market in 2023 due to inflation. Here are the brands that closed the most locations as a percentage of their unit count last year.

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