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Financing

As demand for disaster loans soars, so does frustration

 By Jonathan Maze on Apr. 07, 2020

Banks quickly took massive numbers of applications as small businesses sought federal help to get them through the coronavirus shutdown.

Financing

Roark Capital raises another $1.4B

By Jonathan Maze on Apr. 07, 2020

The Atlanta-based private-equity firm, which has invested in numerous restaurants, has a new fund.

Financing

Despite pandemic, Wingstop reports same-store sales jump of nearly 10%

By Heather Lalley on Apr. 07, 2020

Preliminary sales results show the wing chain was well-prepared to pivot to a completely off-premise operation.

Operations

Pandemic puts tensions between restaurants and third-party delivery in crosshairs

By Heather Lalley on Apr. 06, 2020

At a time when restaurants need delivery most, their relationship with delivery providers is becoming increasingly fraught.

Financing

Papa Murphy’s owner MTY Group cuts staff as restaurants close

By Jonathan Maze on Apr. 06, 2020

The Canadian-based brand collector, which operates Cold Stone Creamery and Pinkberry, among many others, has temporarily closed 2,100 locations.

Financing

TGI Fridays’ $380M deal is called off

By Peter Romeo and Jonathan Maze on Apr. 06, 2020

Allegro Merger Corp., citing “extraordinary” conditions, opted not to merge with the bar and grill chain.

Financing

At McDonald's, labor pressure intensifies as coronavirus spreads

By Jonathan Maze on Apr. 06, 2020

Workers staged a walkout and filed complaints after an employee became sick.

Financing

Independent restaurant group asks Congress for more help to save restaurants

By Patricia Cobe on Apr. 06, 2020

The Independent Restaurant Coalition is asking for more assistance, saying the CARES Act doesn't go far enough to keep operators afloat.

Operations

Cheesecake says off-premise sales could hit $3M per unit

By Peter Romeo on Apr. 03, 2020

Takeout and delivery business recently jumped 85%, but comps for March fell 46%.

Workforce

Faces of the restaurant industry unemployment crisis

By Heather Lalley, Jonathan Maze and Peter Romeo on Apr. 03, 2020

Massive and mounting unemployment figures do not tell the full toll of the coronavirus crisis on the restaurant industry.

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