OPINIONFinancing

TGI Fridays' would-have-been buyer gets a harsh lesson

The Bottom Line: Hostmore, the U.K. franchisee that has backed off its purchase of the casual-dining chain, cannot sell its restaurants for their debt. Welcome to the modern market for restaurant mergers and acquisitions.

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Grocers are not quite the pizza chain competitors that we thought

The Bottom Line: We’ve long thought that pizza delivery chains were in a tough fight against the grocery store. But comments from Domino’s and data from Technomic say otherwise.

Technology

A fake restaurant raises real trust issues for AI

Tech Check: The self-proclaimed No. 1 restaurant in Austin, Texas, doesn’t actually exist. It highlights one of the problems with AI.

Financing

Starbucks CEO Brian Niccol is erasing one of his predecessor's more curious moves

The Bottom Line: The coffee shop giant is pulling back on the discounts it has been using to get customers in the door this year. Those discounts were either misplaced or unnecessary.