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Technology

COVID pulled Olo into the future, and it wants to bring restaurants along

 By Joe Guszkowski on Mar. 18, 2021

As the company launches its IPO, CEO and founder Noah Glass talks about the industry’s increasingly digital future.

Financing

Inside Naf Naf Grill’s split with Roark Capital

 By Heather Lalley on Mar. 18, 2021

Naf Naf Grill's CEO called its split with funder Roark Capital a "fit issue" and said the fast casual continues to see interest from franchisees.

Leadership

Kent Taylor, founder & CEO of Texas Roadhouse, is dead

By Peter Romeo on Mar. 18, 2021

No reason was given by the chain for Taylor's death.

Beverage

Sonic adds new flavors, new formats to its drink lineup

By Patricia Cobe on Mar. 18, 2021

Seasonal beverage innovation continues at the chain, with the addition of seven new items for spring and summer.

Financing

Want to make a quick buck? Start a virtual restaurant

By Jonathan Maze on Mar. 18, 2021

Many of these online-only brands will not survive over the long term, but it might not matter given their unit economics, says RB’s The Bottom Line.

Financing

Starbucks shareholders deliver a rare rebuke on compensation

By Jonathan Maze on Mar. 18, 2021

The coffee giant’s investors rejected its advisory “say-on-pay” proposal amid concerns about a $50 million retention bonus to CEO Kevin Johnson.

Financing

Congress expected to extend PPP lending

By Peter Romeo on Mar. 18, 2021

With $93 billion still available for loans that ideally morph into grants, the PPP would be extended for another two months, or through May 30. The measure has bipartisan support and is favored by 78% of small businesses.

Technology

Olo raises $450M in IPO, outdoing estimates

By Joe Guszkowski on Mar. 17, 2021

The debut suggests investor confidence in the future of digital ordering as Olo begins trading Wednesday with shares priced at $25 for a valuation of $3.6 billion.

Workforce

Noodles & Company CEO signs pledge to boost diversity, inclusion efforts

By Heather Lalley on Mar. 17, 2021

The CEO of Noodles & Company signed a pledge to bolster diversity and inclusion efforts chainwide.

Technology

Shake Shack speeds up its app-based delivery rollout

By Heather Lalley on Mar. 17, 2021

Shake Shack is now offering delivery nationwide via its app, in partnership with Uber Eats, as it tries to entice customers to use the chain's channels.

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