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Financing

Corner Bakery employees thought they had a savior. They got something else

 By Jonathan Maze on Sep. 12, 2023

Jay Pandya took over Corner Bakery during the pandemic in 2020. He demanded tough cost cuts, and refused to pay bills. Employees left in droves. Workers were locked out of stores. And the company’s lender accused him of using the company as a “piggy bank.”

Financing

Why would Roark Capital buy Subway?

 Sep. 12, 2023

Technomic's Take: The sandwich chain has been shedding locations since 2016. But the brand may be poised for a sustained turnaround.

Food

Noodles & Company moves menu in a heartier direction with its first baked entree

By Patricia Cobe on Sep. 12, 2023

Behind the Menu: Executive chef Nick Graff developed Chicken Parmesan to offer guests a classic Italian main dish at a fast-casual price point.

Emerging Brands

3 business legends reveal their restaurant plans

By Peter Romeo on Sep. 08, 2023

Reality Check: Starbucks’ Howard Schultz, Tesla’s Elon Musk, and serial tech disruptor Marc Lore are betting they can change the restaurant industry with new ventures. Here’s a look at what they’re envisioning.

Financing

In appreciation of White Castle's Impossible Slider

By Jonathan Maze on Sep. 08, 2023

The Bottom Line: The burger chain kicked off the plant-based, fast-food trend with the introduction of the menu item five years ago. While the trend has slowed at quick-service concepts, that doesn’t make the move any less important.

Financing

Consumers should pay the price for delivery, but will they?

By Jonathan Maze on Sep. 07, 2023

The Bottom Line: Third-party services are pushing back against restaurants that charge higher prices. But that practice is unlikely to end anytime soon, leaving the ultimate decision up to consumers.

Technology

CloudKitchens won't succeed until its restaurants do

By Joe Guszkowski on Sep. 07, 2023

Tech Check: As the ghost kitchen company expanded, it treated operators as expendable. It's now reportedly cutting staff and closing locations. The two problems are related.

Financing

Fast-food franchises need value, but at what cost?

By Jonathan Maze on Sep. 07, 2023

The Bottom Line: A big coupon drop by Subway gives customers some huge value. That’s a potential problem at a brand with profitability challenges.

Workforce

Immigration could ease restaurants' labor woes. So why isn't it?

By Peter Romeo on Sep. 06, 2023

Reality Check: Proposals have been floated to get asylum seekers into jobs more quickly. But fears are winning out.

Food

How Crumbl Cookies creates its weekly rotating menu

By Patricia Cobe on Sep. 05, 2023

Behind the Menu: The fast-growing chain has developed hundreds of recipes in its history using a robust testing process and considerable customer feedback. But most cookies never return to the rotation.

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