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Financing

How your restaurant sales and profits compare to competitors' and what you can do to improve financial performance

Financing

Casey’s to acquire 198 CEFCO convenience stores for $1.1B

 By Greg Lindenberg on Jul. 26, 2024

Casey's, one of the country's largest pizza sellers, will get a geographic boost in the South thanks to the deal.

Financing

BurgerFi parent agrees to settle shareholder lawsuit

 By Lisa Jennings on Jul. 26, 2024

Lion Point Capital alleged BurgerFi International Inc. failed to timely register its shares in a SPAC deal, costing the shareholder $26 million.

Financing

NYC's Gotham Restaurant files for bankruptcy protection

By Peter Romeo on Jul. 25, 2024

The Chapter 11 filing indicates the once-acclaimed restaurant's financial problems go deeper than having lost $45,000 to online scammers.

Financing

The ongoing dangers of third-party delivery

By Jonathan Maze on Jul. 25, 2024

The Bottom Line: The parent company of Tender Greens, which filed for bankruptcy this week, is laying part of the blame on its heavier reliance on delivery orders.

Financing

Lamb Weston paints a tough picture of restaurant demand right now

By Jonathan Maze on Jul. 25, 2024

The global potato supplier reported weak earnings this week, blaming them in part on weak restaurant demand as quick-service traffic worsened in the spring.

Financing

How Pepper Lunch is breaking into the U.S. market

By Jonathan Maze on Jul. 24, 2024

A Deeper Dive: Troy Hooper, CEO of the fast-casual Asian chain, joins the podcast to talk about the brand and how it plans to grow in the U.S.

Financing

Steak and Ale comes back from the dead, 16 years later

By Jonathan Maze on Jul. 23, 2024

The Bottom Line: Paul Mangiamele has vowed to bring the venerable casual-dining chain back for more than a decade. He finally fulfilled that promise. Here’s a look inside.

Financing

A Pizza Hut franchisee battling with its franchisor files for bankruptcy

By Jonathan Maze on Jul. 23, 2024

EYM Pizza, which has traded lawsuits with Pizza Hut over the franchisor’s efforts to terminate the stores over unpaid royalties, sought Chapter 11 bankruptcy protection in Texas.

Financing

Red Lobster is set to be sold to Fortress Investment Group

By Joe Guszkowski on Jul. 23, 2024

No other buyers came forward for the seafood chain, putting the owner of Krystal, Logan's Roadhouse and other chains in line to acquire it for about $375 million.

Financing

Tender Greens and Tocaya: Good businesses with bad balance sheets

By Lisa Jennings on Jul. 22, 2024

The two fast-casual brands are seeking a buyer out of bankruptcy, either together or separately. Parent One Table CEO Harald Herrmann says both are moving in the right direction.

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