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Financing

The Triple Dipper emerges as a star dish for Chili's

 By Joe Guszkowski on Oct. 30, 2024

Sales of the viral appetizer are up 70% year over year, powering the casual-dining chain to another quarter of double-digit same-store sales growth.

Financing

The Cheesecake Factory has no plans to sell its smaller brands

 By Joe Guszkowski on Oct. 30, 2024

The casual-dining restaurant operator pushed back against calls from activist investor JCP Investment Management to spin off North Italia, Flower Child and Culinary Dropout.

Financing

TGI Fridays fell behind on bills as troubles unfolded, data shows

By Joe Guszkowski on Oct. 28, 2024

The casual-dining chain’s payment activity has been volatile this year, Creditsafe found, setting the stage for a possible bankruptcy.

Technology

A few takeaways from the FSTEC Asia Conference

By Jonathan Maze on Oct. 25, 2024

Dispatch from Singapore: Why the U.S. doesn’t have a superapp, Chuck E. Cheese’s floppy disks, Salad Stop’s digital ledge and other takeaways from the technology conference.

Operations

Family dining shakes a cane at the segment's setbacks

By Peter Romeo on Oct. 25, 2024

Old-guard brands like Denny's and Cracker Barrel are intensifying their quest for a youth elixir, as once-potent competitors succumb to the sector's trying conditions.

Financing

At least 20 Frisch's Big Boy restaurants face eviction

By Peter Romeo on Oct. 23, 2024

The chain has asked a court to delay the proceedings, saying it could use the time to come up with a closings schedule that's fairer to employees.

Technology

Tech provider Checkmate raises $10M to grow AI ordering

By Joe Guszkowski on Oct. 23, 2024

The company got into the AI voice business via an acquisition earlier this year and now wants to bring the technology to more restaurants.

Financing

Denny's plots 150 closings as part of its growth strategy

By Peter Romeo on Oct. 22, 2024

Management informed Wall Street that the weakest one-fifth of the system is dragging down the healthier performers, who'll be encouraged with a grant offer and loan accessibility to enhance the brand's consistency.

Financing

Shari’s Restaurants closes all 42 of its Oregon locations

By Heather Lalley on Oct. 22, 2024

An “ever-changing and uncertain business environment” led to the mass closures at the family-dining chain, said Sam Borgese, head of Shari’s parent company.

Financing

Shari's fade followed months of mystery about what was happening

By Peter Romeo on Oct. 22, 2024

Once a notable Northwestern power, the brand had been declining for at least 14 months. Yet it's still not clear how many units remain in operation.

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