Financing

In a small Illinois city, Red Lobster leaves a big void

The shuttered seafood restaurant had been a mainstay in Danville, which is working to overcome past economic challenges.
Danville's Red Lobster was one of 93 locations to close suddenly in May. | Photo by Roland Lim

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Financing

Want your franchisees to get on board with discounts? Give them a break on remodels

The Bottom Line: Franchisors want their operators to cut prices and run deals. They’d get further along if they delayed remodel requirements or other costs.

Financing

It's a buyer's market, but Andy Wiederhorn is (so far) staying on the sidelines

The Bottom Line: Restaurant chains are available at historically low prices if you know where to look. But the typically aggressive chairman of Fat Brands is not buying.

Food

Portillo's Salted Caramel Spice Cake is ready to take on chocolate fans this fall

Behind the Menu: The fast casual’s famous chocolate cake has a seasonal competitor—the first new cake flavor in 20 years.