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News

Financing

Paycheck Protection Program to restart Monday

 By Peter Romeo on Jan. 08, 2021

Lending to restaurants that previously received a PPP loan will begin on Wednesday.

Operations

New Orleans re-imposes restrictions on its celebrated restaurant industry

 By Peter Romeo on Jan. 08, 2021

Indoor dining has been capped at 25% of capacity, and reservations systems and records are required.

Financing

A new restaurant SPAC takes off

By Jonathan Maze on Jan. 08, 2021

Tastemaker Acquisition Corp., a restaurant-focused acquisition vehicle formed by former Barteca and Jamba executives, raised more than expected in its offering, says RB’s The Bottom Line.

Operations

Pokeworks to add an order-ahead pickup lane

By Heather Lalley on Jan. 08, 2021

The fast-casual chain plans to open its first Cruise-Thru lane this spring.

Leadership

Eureka names Eric Berman president

By Peter Romeo on Jan. 08, 2021

Former CEO and director Justin Nedelman has departed the regional casual-dining chain.

Financing

McDonald’s CEO Chris Kempczinski condemns the attacks on the U.S. Capitol

By Jonathan Maze on Jan. 08, 2021

In a letter sent to the system on Friday, he also joined a statement from the Business Roundtable condemning President Trump and other politicians for inciting the violence.

Marketing

Burger King is changing its logo

By Jonathan Maze on Jan. 07, 2021

The chain is introducing a new visual design in its first complete rebranding in more than 20 years.

Technology

Mass. legislature approves 15% cap on delivery fees

By Joe Guszkowski on Jan. 07, 2021

The measure is part of an economic development package that also includes $20 million for struggling restaurants.

Leadership

Patrick Grismer is retiring as Starbucks CFO

By Jonathan Maze on Jan. 07, 2021

Rachel Ruggeri will take over as the coffee giant’s finance chief on Feb. 1.

Financing

Wendy’s and Flynn come to terms on NPC’s bankruptcy sale

By Jonathan Maze on Jan. 07, 2021

Flynn Restaurant Group will buy half of the 393 Wendy’s being sold by the bankrupt operator, along with all 900 Pizza Huts, while other operators will buy the remaining units of the burger chain.

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