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Food

The pumpkin tsunami hits Caribou Coffee, IHOP and Another Broken Egg

 By Patricia Cobe on Aug. 21, 2023

Taste Tracker: Dunkin’ and Perkins tap maple along with pumpkin; Del Taco sweetens the heat; it’s still summer at Sweetgreen; and meaty news from Smokey Bones and Bob Evans.

Financing

In Bloomin' Brands, Starboard finds its next undervalued target

 By Jonathan Maze on Aug. 21, 2023

The Bottom Line: The activist investor, who shook up Darden and helped get Papa Johns back on its feet, may be just what the doctor ordered for one of the most overlooked restaurant companies on Wall Street.

Operations

Listeria-contaminated milkshakes kill 3 in Washington, health officials report

By Peter Romeo on Aug. 21, 2023

Three other patrons of a Frugals fast-food restaurant in Tacoma were hospitalized but survived, the state said. The listeria was found in ice cream machines.

Operations

How John Cywinski plans to grow Qdoba Mexican Eats and Modern Market

By Lisa Jennings on Aug. 21, 2023

The CEO of Qdoba-parent Modern Restaurant Concepts is borrowing from the playbook used during his leadership at Applebee's and KFC. The first step, however, was selling the Lemonade brand.

Financing

Starboard Value takes a stake in Bloomin' Brands

By Joe Guszkowski on Aug. 18, 2023

The activist investor, which once won every seat on the Darden Restaurants' board, now owns nearly 10% of the Outback Steakhouse parent.

Operations

Jeff and Mike Mastro get second chance to do steakhouses differently with Steak 48

By Lisa Jennings on Aug. 18, 2023

They founded and sold the Mastro's chain. Now the brothers are building a new group of high-end steakhouses that attempt to raise the bar.

Leadership

New hires at Taziki's Mediterranean Cafe, Scooter's Coffee and Black Rock Coffee Bar

By Lisa Jennings on Aug. 18, 2023

Executive Summary: The latest job jump news includes staff changes at Panera Brands, Subway and Denny's.

Financing

Here's another reason why sales might slow later this year

By Jonathan Maze on Aug. 18, 2023

The Bottom Line: U.S. consumers, which have kept spending at restaurants despite higher prices, are running out of excess pandemic savings. That might affect their spending.

Emerging Brands

Maple & Ash backers say they have proof of PPP cheating

By Peter Romeo on Aug. 18, 2023

Newly unsealed court documents contend the evidence abounds, potentially complicating the legal battles involving the high-volume concept.

Beverage

How CEO Jeff Carcara is taking Sixty Vines to 'wherever the wine drinkers are'

By Patricia Cobe on Aug. 17, 2023

With its unique tap program and inventive global menu, the polished-casual restaurant is on a mission to make wine approachable and fun.

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