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Financing

Hooters is reportedly preparing a bankruptcy filing

 By Joe Guszkowski on Feb. 21, 2025

The casual-dining chain has hired a law firm to prepare a filing, Bloomberg reported. The chain has been struggling for years.

Workforce

Outback Steakhouse parent Bloomin' Brands lays off 100 employees

 By Joe Guszkowski on Feb. 20, 2025

About 17% of Bloomin's headquarters staff were affected. The company cited industry headwinds and a need to realign after refranchising its operations in Brazil.

Financing

Twin Peaks operator accuses business partners of fraud

By Joe Guszkowski on Feb. 07, 2025

The former COO of franchisee DMD Ventures accused the company’s co-founders of using corporate funds to pay for lavish lifestyles. They vehemently denied the allegations and leveled some of their own.

Financing

Roll-Em-Up Taquitos sued for stopping payment on a $415K Ferrari

By Lisa Jennings on Jan. 31, 2025

The 2020 Ferrari F8 Tributo was bought by franchise owner Ryan Usrey in the company name. He stopped making payments last year, indicating financial trouble.

Operations

Week in Review: Starbucks plans to multiply, Chili’s wows everybody and more

By Heather Lalley on Jan. 31, 2025

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

Financing

Twin Peaks goes public in spinoff from Fat Brands

By Joe Guszkowski on Jan. 30, 2025

Shares in the sports-bar chain opened at $17.45 on the Nasdaq on Thursday. Proceeds will be used to pay down debt and fuel expansion.

Financing

Trump attempts a freeze of federal grants and loans that don't align with his priorities

By Lisa Jennings on Jan. 28, 2025

Calling the move illegal, 23 states and non-profit groups filed lawsuits and a federal judge temporarily halted the freeze from taking effect. Funding to small businesses, however, will not be impacted.

Financing

Starbucks paid $117M to 2 CEOs last year

By Jonathan Maze on Jan. 24, 2025

Brian Niccol’s pay package totaled $95.8 million, mostly in stock awards. But the company also paid $21.5 million to former CEO Laxman Narasimhan.

Financing

So much for supermarket fast-casual burgers

By Jonathan Maze on Jan. 22, 2025

The Bottom Line: The closure of 79 Wahlburgers locations inside Hy-Vee supermarkets shows that just because you can open a bunch of restaurants in a short period doesn’t mean you should.

Financing

The right and the wrong way to franchise a restaurant

By Jonathan Maze on Jan. 22, 2025

A Deeper Dive: Sean Thompson of Freddy’s Frozen Custard joins the podcast to talk about truths and fictions when it comes to expanding a franchise restaurant chain.

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