Shake Smart to grow with investment from NewSpring Franchise

Known for protein shakes, smoothies and more, the 45-unit chain is primarily on college campuses.


Eatertainment concept wins Danny Meyer-affiliated investment

Enlightened Hospitality Investments supports Five Iron Golf with $20 million to help open Grand Central Station flagship.

The sandwich chain said its fast-growing digital business is shifting customers away from third-party channels, with loyalty membership growing nearly 90% during the fourth quarter.

The Bottom Line: The fast-casual chain has wanted to go public for years. But controversies, lawsuits, a menu overhaul and an ingredient downgrade made that a bad idea.

The company raised enough cash to get through the middle of the month and has a long-term capital plan, its chairman said.

The agreement between BJ's and Fund 1 Investments will also create a new board committee focused on improving shareholder value.

The breakfast-and-lunch chain is proceeding slowly and selectively in building its stack.

It’s the third such deal over the past year for the chain, which will use the proceeds to pay down debt.

The Chicago-style fast casual opened 12 new restaurants in 2023, a record number, and said same-store sales rose 5.7% during the year.

Labor activists argue that the company’s union stance has been bad for its brand and warrants new board members. The coffee shop chain is pushing back hard.

  • Page 5