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Financing

Inspire Brands is apparently considering an IPO

 By Jonathan Maze on Feb. 15, 2024

The owner of Dunkin' and Arby's is in the early stages of discussions on an initial public offering that could value the company at $20 billion, according to Bloomberg.

Financing

Fast-growing 7 Brew Coffee gets growth investment from Blackstone

 By Heather Lalley on Feb. 15, 2024

With the transaction, early investor Jimmy John Liautaud of sandwich chain fame sold his stake in the drive-thru coffee-stand concept.

Financing

Jury awards $31M in lawsuit against a Popeyes franchisee

By Jonathan Maze on Feb. 15, 2024

A former employee of Sun Holdings had accused the 150-unit Popeyes operator of reneging on a promise of 5% of the annual operating profits.

Financing

Wendy's new CEO hits the ground running

By Jonathan Maze on Feb. 15, 2024

Kirk Tanner announced $100 million worth of investments in breakfast marketing and digital upgrades in a bid to kick-start the fast-food chain’s growth.

Technology

Toast lays off 550 employees in restructuring

By Joe Guszkowski on Feb. 15, 2024

CEO Aman Narang said the company grew too quickly as it raced to meet demand. The cuts are intended to lower its operating costs.

Food

Culver's, Pancheros and Tijuana Flats make a splash with seafood

By Patricia Cobe on Feb. 15, 2024

Taste Tracker: Get bowled over at Jamba; hot honey returns to Wingstop; Moe’s fires up birria; and Bob Evans expands winter menu.

Food

From Washington D.C. to Florida, Ryan Ratino creates memorable dining destinations

By Patricia Cobe on Feb. 15, 2024

The 33-year-old chef and restaurateur has earned Michelin stars and industry cred by constantly striving for excellence and evolution.

Financing

Popeyes has quickly become a major chicken wing brand

By Jonathan Maze on Feb. 15, 2024

The fast-food chicken chain is already the No. 3 provider of quick-service wings, the company said. And the company has plans to improve its ability to serve them.

Operations

Shake Shack stock jumps 26% after better-than-expected year-end report

By Lisa Jennings on Feb. 15, 2024

Traffic for the fast-casual chain was up 1.4% in Q4. And the burger brand is testing combo meals for the first time.

Operations

Efforts to grow the restaurant labor pool face a big challenge: Time

By Peter Romeo on Feb. 14, 2024

The industry has a number of initiatives underway to pull more potential hires into the field. But the setback of the pandemic and the need for scale are deferring the payoff.

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