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finance

Technology

New investment group sets sights on promising tech and eatertainment

 By Joe Guszkowski on Sep. 27, 2023

With financial backing from more than 30 industry veterans, Emerging Fund is hoping to offer fledgling companies a potent platform.

Leadership

Panera Brands takes another step in its planned IPO

 By Jonathan Maze on Sep. 25, 2023

Krispy Kreme CEO Mike Tattersfield, who is stepping down from that position in January, will become the company’s board chairman. Former Starbucks CFO Patrick Grismer will become lead independent director.

Financing

Ruth's Chris acquisition already paying off for Darden

By Joe Guszkowski on Sep. 21, 2023

Adding the steakhouse chain to its portfolio will unlock $35 million in synergies and savings per year for the company, $15 million more than expected.

Leadership

Bloomin' activist Starboard Value taps ex-Darden COO Dave George as advisor

By Joe Guszkowski on Sep. 11, 2023

The operations specialist will help Starboard’s push to shake things up at Bloomin’.

Financing

These are the 10 restaurant chains that added the most locations last year

By Jonathan Maze on Sep. 06, 2023

Starbucks, Crumbl Cookies and Jersey Mike’s were among the most prolific expanders in 2022, when growth was on the menu at a lot of brands.

Financing

These are the restaurant chains that closed the most locations in 2022

By Jonathan Maze on Aug. 29, 2023

Papa Murphy’s, Baskin-Robbins and Burger King are among the chains that closed the most net restaurants last year. But one big chain stands out.

Leadership

Bloomin' Brands reshuffles board after Starboard takes big stake

By Joe Guszkowski on Aug. 28, 2023

Chairman Jim Craigie will be replaced by fellow member R. Michael Mohan, and Rohit Lal, CIO of trucking company Saia, is joining the board.

Financing

Southern chain Fatz Cafe closes all 18 locations

By Joe Guszkowski on Aug. 24, 2023

The brand had been in decline for years after peaking at nearly 50 units in 2011. It’s part of a rash of restaurant closures recently.

Operations

Pickleball-themed Camp Pickle has unlocked $200M for growth

By Lisa Jennings on Aug. 24, 2023

The concept from Punch Bowl Social founder Robert Thompson isn't scheduled to debut until next year, but it has attracted some powerful investors from both the restaurant and the pickleball world.

Financing

O'Charley's closes 18 restaurants in one day as sales struggle

By Joe Guszkowski on Aug. 23, 2023

The chain has been hit hard by changing trade areas and, more recently, soaring inflation. It believes the "pruning" will help its 91 remaining stores.

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