News

Steak ‘n Shake has permanently closed 51 locations

By Jonathan Maze on May 11, 2020

The burger chain, which faces challenges refinancing its debt, has also temporarily closed 62 locations.

Potbelly makes a deal with an activist

By Jonathan Maze on May 11, 2020

The struggling sandwich chain has appointed two new members to its board in an agreement with a coalition of shareholders.

Financing

The pandemic has cost restaurants 5.9 million jobs

By Jonathan Maze on May 08, 2020

The industry lost three decades’ worth of employees in just six weeks as states closed dining rooms and restaurants closed their doors and laid-off workers.

Financing

Why the downfall of Garden Fresh Restaurants is so maddening

By Jonathan Maze on May 08, 2020

The owner of Souplantation and Sweet Tomatoes was investing in units and planning an expansion. And then the coronavirus hit, says RB’s The Bottom Line.

Workforce

Bloomin' finds keeping staff to be a big reopening advantage

By Peter Romeo on May 08, 2020

Restaurants are able to reopen efficiently and without the cost of retraining or recruiting, executives told investors Friday morning.

Leadership

Neil Harfert named president of R&R BBQ

By Heather Lalley on May 08, 2020

The industry vet will lead the Utah-based chain.

Operations

In memoriam: Temporary restaurant closures become permanent for independents amid the coronavirus crisis

By Heather Lalley on May 08, 2020

The coronavirus crisis is decimating independent restaurants. Here are just some of the many iconic independents that have recently announced permanent closures in the wake of the coronavirus pandemic.

Financing