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Technology

7Shifts raises $80M for restaurant labor software

 By Joe Guszkowski on Feb. 10, 2022

Fresh off a $21.5 million funding round, the company wasn’t really looking for more capital. But investors’ appetite for restaurant tech proved too strong to pass up.

Marketing

Marketing Bites: Restaurants get racy for Valentine’s Day

 By Heather Lalley on Feb. 10, 2022

Wingstop wants singles to go “boneless,” Hooters will shred your ex, Jimmy John’s is opening an “intimate” pop-up restaurant and more.

Financing

Sysco doesn't foresee a quick end to omicron's impact

By Peter Romeo on Feb. 10, 2022

The distributor told investors that it also doesn't have a read on when food inflation will drop back down into single digits.

Technology

How ghost kitchens could help reinvent the mall

By Joe Guszkowski on Feb. 10, 2022

Tech Check: Kitchen United’s latest venture with Simon Property Group could turn malls into delivery hubs for more than just food.

Marketing

Dave & Buster’s inks deal to broadcast UFC events

By Heather Lalley on Feb. 10, 2022

The food-and-games chain partnered with the mixed martial arts organization to show all of the matches in its bars nationwide.

Financing

Restaurant menu price inflation highest in 40 years

By Jonathan Maze on Feb. 10, 2022

Both limited-service and full-service restaurants raised prices at least 7% over the past year as their own costs rose. But grocery prices are soaring, too.

Workforce

Déjà vu for Chipotle as it looks to hire another 20K workers

By Heather Lalley on Feb. 10, 2022

The fast casual raised hourly wages last year and brought on thousands of new employees, returning it to pre-COVID staffing levels. But it’ll need many more workers to keep up with its fast growth.

Financing

Burgerim’s growth had a notable enabler: The SBA

By Jonathan Maze on Feb. 10, 2022

The government backed loans to more than 100 franchisees of the brand, which the FTC sued in a rare enforcement action last week. Many are struggling to pay them back.

Financing

Why consumers aren’t pushing back on higher restaurant prices

By Jonathan Maze on Feb. 09, 2022

The Bottom Line: Operators have raised prices more aggressively than they have in decades. But other prices are going up, too. And consumers have more money.

Financing

Yum Brands opened a record number of restaurants last year

By Jonathan Maze on Feb. 09, 2022

The owner of KFC, Taco Bell, Pizza Hut and Habit opened nearly 4,200 new restaurants worldwide last year, which the company says is an industry record.

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