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finance

Financing

Red Lobster set to exit bankruptcy after court approval

 By Joe Guszkowski on Sep. 05, 2024

A judge cleared the way for the seafood chain to be acquired by Fortress Investment Group, which has a plan to revitalize the chain.

Financing

Kamala Harris pledges to help more restaurants and other small businesses get off the ground

 By Peter Romeo on Sep. 05, 2024

In a campaign speech Wednesday, the Democratic candidate promised to raise the tax credit for startups to $50,000, from the current $5,000. She also vowed to cut the red tape new ventures face.

Financing

Struggling Topgolf to be spun off

By Jonathan Maze on Sep. 04, 2024

Topgolf Callaway Brands said it plans to separate into two companies just four years after it acquired the eatertainment chain.

Financing

BurgerFi gets a delisting notice

By Jonathan Maze on Sep. 03, 2024

Another director resigned from the board of the fast-casual restaurant chain operator, which is teetering on the edge of bankruptcy.

Operations

Signs of financial distress are mounting for Shari's Restaurants

By Lisa Jennings on Aug. 29, 2024

The 45-year-old family-dining chain faces multiple accounts of unpaid rent and taxes, eviction notices and unit closures.

Financing

The former CEO of Jeni's Splended Ice Creams wants another bite of a growth chain

By Jonathan Maze on Aug. 28, 2024

John Lowe has founded a private-equity firm that will target early-stage restaurant and consumer packaged goods chains, hoping to get them to the next level.

Financing

Red Robin's comeback spoiled by traffic troubles

By Joe Guszkowski on Aug. 23, 2024

Customers say they’re more satisfied with the burger chain’s food and service, but fewer are choosing to visit. That has dimmed the chain's near-term outlook.

Financing

Could these be the next restaurant chains to file for bankruptcy?

By Joe Guszkowski on Aug. 23, 2024

Hooters and Black Angus Steakhouse are struggling to pay their debt and are exploring alternatives, according to Debtwire.

Financing

Earnings roundup: Black Rifle Coffee, Steak 'n Shake, Bombshells

By Peter Romeo on Aug. 20, 2024

The second quarter was apparently no kinder to smaller cap public restaurant companies than it was to the big players. Here's a look at three with decidedly mixed results.

Leadership

Sardar Biglari is trying another run at Cracker Barrel

By Peter Romeo on Aug. 19, 2024

The activist investor wants five of the 10 seats on the family-dining operator's board, including one for himself, the company said. With one ally already seated, Biglari could control a majority of votes.

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