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Financing

With Grubhub off the table, attention turns to Postmates

 By Jonathan Maze on Jun. 30, 2020

Reports are circulating on the future of the third-party delivery provider, which is apparently weighing an offer from Uber and another firm but could go public.

Marketing

The July 4 weekend sparks menu tie-ins

 By Patricia Cobe on Jun. 30, 2020

Restaurants launch all-American specials to celebrate Independence Day.

Operations

Exemptions from mask requirements? They don't exist, feds say

By Peter Romeo on Jun. 30, 2020

The Federal Trade Commission warned that con artists and consumer collaborators are trying to fool businesses with bogus passes.

Operations

Wingstop opens 1st U.S. ghost kitchen

By Joe Guszkowski on Jun. 30, 2020

The delivery-only location is the latest piece of the chain’s plan to go 100% digital.

Financing

For Aurify Brands, Le Pain Quotidien was too good a brand to pass up

By Jonathan Maze on Jun. 30, 2020

The New York-based operator has completed its deal for the chain’s U.S. market and plans to reopen more than 40 locations, says RB’s The Bottom Line.

Operations

Cities and states take more steps to lessen COVID-19 risks of restaurants, bars

By Peter Romeo on Jun. 30, 2020

Miami threatens immediate 10-day shutdowns, while Arizona closes bars.

Financing

Opes Acquisition is paying $100M for BurgerFi

By Jonathan Maze on Jun. 30, 2020

The reverse merger will help fuel the fast-casual burger chain’s growth, which will take it to more nontraditional locations, including ghost kitchens.

Marketing

Chipotle launches virtual farmers market to help suppliers

By Joe Guszkowski on Jun. 30, 2020

The online platform will help its farm partners sell goods directly to consumers.

Operations

California joins Texas and Florida in closing bars, but selectively

By Peter Romeo on Jun. 29, 2020

Meanwhile, Washington state is forgoing a lift in restaurant and bar capacities, and New Jersey is delaying the reopening of dining rooms. New York City may do the same. All are reacting to a surge in coronavirus infections.

Financing

An activist takes Potbelly to task over its stock performance

By Jonathan Maze on Jun. 29, 2020

180 Degree Capital called the company’s performance “unacceptable” even with the pandemic, says RB’s The Bottom Line.

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