finance

Financing

STK parent One Group completes acquisition of Benihana for $365M

The deal nearly triples One Group's footprint and brings its total annual revenue to more than $1 billion.

Financing

Atlanta fine-dining fixture Ray's Restaurants to be sold as founder retires

Nothing will change under new owner TEI Hospitality, Ray’s namesake Ray Schoenbaum said.

The New York chicken tender chain struggled coming out of the pandemic with inflation and several legal challenges. It is the latest in a string of industry bankruptcy filings.

With women's sports on fire, Reddit co-founder Alexis Ohanian's 776 Foundation is providing an assist to franchise and expand this Portland, Oregon-based sports bar dedicated to supporting female athletes.

Macroeconomic challenges and corporate missteps have landed a number of companies in financial crisis this year.

The principal of another Illinois food manufacturer has offered to buy the chain of ice cream shops and its sister businesses.

The ice cream chain intends to lay off staff in June and cut its costs in other ways, but to remain in operation following a Chapter 11 bankruptcy filing. It is struggling to find a buyer.

The $220 million all-stock deal would get Fridays’ owner TriArtisan out of its decade-long investment and give the struggling chain a like-minded partner in franchisee Hostmore, experts say.

Credit data confirms the seafood chain has a large number of overdue balances as it reportedly considers a bankruptcy filing.

The company uses AI and historical sales data to adjust restaurants' menu prices in real time.

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