News

Shake Shack returns its $10M PPP loan

By Heather Lalley on Apr. 20, 2020

After securing $150 million in new equity, the burger chain said it would return the loan money so “restaurants who need it most can get it now.”

Financing

Restaurants reveal problems with federal PPP loans

By Jonathan Maze on Apr. 20, 2020

Yet most of the chains that applied for the funds weren’t exactly megachains, and most of them had existing problems, says RB’s The Bottom Line.

Financing

Here’s how much restaurant sales fell last month

By Jonathan Maze on Apr. 20, 2020

The industry likely lost half of its sales in the second half of March, according to federal retail sales data.

Leadership

Le Cirque founder Sirio Maccioni dies at 88

By Heather Lalley on Apr. 20, 2020

Maccioni’s landmark restaurant attracted movie stars, politicians and fashion icons.

Operations

Georgia to reopen dining rooms next week

By Heather Lalley on Apr. 20, 2020

It becomes the first state to allow dine-in business after restaurants around the country were temporarily shuttered last month to slow the spread of the coronavirus.

Operations

Survey: Independent restaurants face a dire future

By Heather Lalley on Apr. 17, 2020

Independent operators surveyed by the James Beard Foundation said they’d laid off 91% of their hourly workers, and just 1 in 5 expects to remain open for the duration of the government-mandated dine-in shutdown.

Financing