finance

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

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 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.

Financing

TGI Fridays is preparing for possible bankruptcy, reports say

By Joe Guszkowski on Oct. 21, 2024

The struggling casual-dining chain is huddling with advisors and looking for financing to get through a Chapter 11 process, according to two reports.

Financing

Activist investor pushes Potbelly to consider sale

By Lisa Jennings on Oct. 21, 2024

Immersion Investments LLC contends the fast-casual chain is undervalued. In an open letter, the firm urged the board to take urgent action to increase shareholder value.

Financing

Activist investor pushes Cheesecake Factory to spin off smaller brands

By Joe Guszkowski on Oct. 21, 2024

JCP Investment Management believes North Italia, Flower Child and Culinary Dropout would grow faster as a separate company, the Wall Street Journal reported.

Financing

Restaurants are turning to their insurers for reasons other than hurricanes

By Peter Romeo on Oct. 18, 2024

Fires generate the most big-figure compensation requests, but everyday issues like equipment breakdowns or staff mishaps are still the most frequent reasons for claims to be filed.

Technology