Continue to Site >>>

finance

Financing

An ownership-reporting deadline is creeping up on restaurants

 By Peter Romeo on Sep. 30, 2024

As part of an effort to detect shell companies fueling criminal activities, the federal government is requiring LLCs and small corporations to reveal who actually owns them. The information has to be filed by Jan. 1.

Financing

Sodexo mulls acquiring Aramark

 By Benita Gingerella on Sep. 27, 2024

The French food services company has contemplated acquiring its fellow food service rival in recent months, Bloomberg News reported earlier this week.

Financing

SEC ends NFT party for Flyfish Club

By Lisa Jennings on Sep. 24, 2024

Once billed as the world's first NFT restaurant, it was accused of violating federal securities law by the SEC. In a settlement, the members-only club agreed to pay $740,000 in penalties and stop selling memberships as NFTs.

Technology

Presto's lender puts company up for sale

By Joe Guszkowski on Sep. 24, 2024

But, in a show of confidence, lender Metropolitan Partners is investing in the drive-thru AI company while it looks for a buyer or other investors.

Financing

Sardar Biglari floats another plan for getting on Cracker Barrel's board

By Peter Romeo on Sep. 24, 2024

But this time he's willing to let the CEO of the family-dining chain and a majority of its current directors remain in place.

Financing

What on earth is a whole business securitization and why is it so popular?

By Jonathan Maze on Sep. 19, 2024

The form of financing, which allows companies to borrow money at lower interest rates, has caught a lot of attention lately thanks to Subway and TGI Fridays. Here’s an explanation of what it is.

Financing

The Federal Reserve begins cutting interest rates

By Jonathan Maze on Sep. 18, 2024

The agency cut its federal funds rate by a half-point on Wednesday, its first rate cut since 2020, as inflation cools and confidence grows that a recession can be avoided.

Financing

Hawkers Asian Street Food declares bankruptcy

By Heather Lalley on Sep. 16, 2024

The 15-unit casual-dining chain was founded in 2011 and serves a varied menu of Asian dishes and cocktails.

Emerging Brands

F1 Arcade prepares to punch accelerator on growth

By Lisa Jennings on Sep. 12, 2024

This Formula One racing-themed social entertainment concept is built around sophisticated simulators and high-end dining. Thirty units are planned in five years.

Financing

TGI Fridays loses control of most of its assets

By Jonathan Maze on Sep. 06, 2024

A consulting firm will take over many of the casual-dining chain's management functions after a trustee on its bonds declared a “manager termination event.”

  • Page 7