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Financing

Greg Flynn is still confident in Applebee’s, and casual dining

 By Jonathan Maze on Nov. 13, 2024

The owner of Flynn Group, the world’s largest franchisee, said he would buy casual-dining restaurants despite a brutal market for the sector recently.

Financing

A shaken restaurant industry gets cautiously optimistic

 By Jonathan Maze on Nov. 13, 2024

After a brutal few years, sales are showing early signs of improvement. The election is over. Interest rates are coming down. Banks may start lending again. That could signal a needed turnaround. And maybe this time it will hold.

Technology

6 thoughts on Wonder's acquisition of Grubhub

By Joe Guszkowski on Nov. 13, 2024

Tech Check: The fast-growing food hall-delivery chain has a deal to buy the floundering delivery app. Here’s what it could mean for both companies.

Financing

Will a restaurant chain go public in 2025?

By Jonathan Maze on Nov. 13, 2024

The IPO market has been mostly frozen. But a weak market for mergers and acquisitions is also keeping struggling companies from going private. The new year could change that dynamic.

Financing

Advisors side with Cracker Barrel in its struggle with Sardar Biglari

By Peter Romeo on Nov. 11, 2024

ISS advised shareholders in the family-dining chain to opt for the 10-director slate put forth by management. A competing advisor, Glass Lewis, advised against voting a seat for Biglari.

Financing

First Watch buys more franchised stores

By Peter Romeo on Nov. 11, 2024

The breakfast-and-lunch chain is acquiring 15 units, and a 16th under construction, for $49 million. The seller was not identified.

Financing

Outback Steakhouse parent to refranchise Brazil business for $243M

By Joe Guszkowski on Nov. 08, 2024

Casual-dining operator Bloomin’ Brands is selling 67% of the business to Brazil-based Vinci Partners. It has more than 200 restaurants in the South American country.

Financing

First Watch intends to see how much of a difference 1:1 marketing can make

By Peter Romeo on Nov. 07, 2024

The breakfast-and-lunch chain said it's banking on the pinpoint communications afforded by richer consumer data to reinvigorate traffic, which slid 4.4% in the third quarter.

Financing

Applebee's sues franchisee that closed 8 locations in Kansas City

By Joe Guszkowski on Nov. 06, 2024

The casual-dining chain said Apple Central KC closed the restaurants without its consent. It’s asking for more than $8 million in return.

Financing

Bombshells breastaurant chain shuts units

By Peter Romeo on Nov. 06, 2024

Two have been closed and one is being sold, trimming the full-service sports bar chain to 11 units, all in Texas.

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