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franchising

Operations

BurgerFi defaults on its credit agreement

 By Lisa Jennings on Apr. 01, 2024

The parent company of the BurgerFi and Anthony's Coal Fired Pizza & Wings restaurant chains fell out of compliance with its loan agreement amid weak sales and financial losses. But the CEO insists turnaround efforts are taking hold.

Financing

Dave & Buster's eyes international expansion

 By Jonathan Maze on Apr. 01, 2024

The eatertainment concept signed another international development deal as it pushes to bring its restaurant and games venues to more global markets.

Financing

California cites I Heart Mac and Cheese for franchise violations

By Jonathan Maze on Mar. 29, 2024

The state said that the fast-casual restaurant chain of customizable macaroni and cheese bowls failed to provide proper disclosures on its franchise documents. It’s the second state to take action against the business.

Operations

Can Smashburger get back on track for growth?

By Lisa Jennings on Mar. 28, 2024

Smashburger's new CEO Denise Nelsen is taking a hard look at the brand and how it can reignite expansion, both domestic and international.

Financing

Franchise tension mounts as the restaurant industry changes

By Jonathan Maze on Mar. 20, 2024

The Bottom Line: Restaurant brands want traffic. Franchisees want profitability. The current operating environment is making that a tough choice and the result has increased tension at many franchises.

Financing

Subway inks a new international development deal

By Jonathan Maze on Mar. 19, 2024

The fast-food sandwich chain reached a deal with McWin Capital Partners to take over management of the restaurant brand in France, the Czech Republic, Luxembourg and Belgium.

Operations

Can AI solve the challenge of mass producing a truly artisanal sourdough?

By Lisa Jennings on Mar. 19, 2024

The Croatian food engineers at Boogie Lab are bringing an AI-trained "smart fermenter" to the U.S. in partnership with Delmonico's steakhouse co-owner Dennis Turcinovic. Together they will launch the Boogie Bread bakery brand in North America.

Leadership

Jennifer Schuler named CEO of Handel's Homemade Ice Cream

By Lisa Jennings on Mar. 19, 2024

Former Wetzel's Pretzels CEO Jennifer Schuler joins the Canfield, Ohio-based Handel's Homemade Ice Cream at a time of growth for the 130-unit franchise chain.

Operations

Cinnabon and Carvel are about to have a baby

By Lisa Jennings on Mar. 18, 2024

The new Cinnabon Swirl concept from GoTo Foods will debut in Hawaii this summer, with a second unit coming to Oregon. It's a mashup brand with its own identity as the multi-brand restaurant franchise platform promotes more co-branding.

Workforce

Labor airs its next set of demands from California's Fast Food Council

By Peter Romeo on Mar. 14, 2024

The newly formed California Fast Food Workers Union is already looking to raise the $20-an-hour minimum wage that takes effect April 1.

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