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Financing

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

Financing

Burdened by PPP loans, BLT Steak owner files for bankruptcy

 By Joe Guszkowski on Mar. 22, 2022

BLT Restaurant Group said it was unable to meet the requirements for PPP forgiveness due to the closure of indoor dining in New York City.

Financing

McDonald’s inks a long-term delivery deal with JET

 By Jonathan Maze on Mar. 22, 2022

It’s the latest in a series of renegotiated contracts with major global delivery companies as the burger chain works to solidify the service.

Financing

Fat Brands expects a slower pace of deals this year

By Jonathan Maze on Mar. 22, 2022

The owner of Fatburger and Johnny Rockets, which made nearly $1 billion worth of deals last year, plans to focus more on digesting its acquisitions.

Financing

Carl Icahn commences his weird and rare proxy fight with McDonald’s

By Jonathan Maze on Mar. 21, 2022

The Bottom Line: Activist investors have long wanted changes at the burger giant but its first real board battle in modern history will be fought over pigs.

Financing

Andy Wiederhorn says his past has made him a federal target

By Jonathan Maze on Mar. 21, 2022

The CEO of Johnny Rockets owner Fat Brands again denied recently published allegations of inappropriate spending and suggested his past may have led to the federal investigation.

Financing

Indiana's Stanz, Troyer to merge into one distributor

By Peter Romeo on Mar. 18, 2022

The combined operation will be led by Dick Armington, formerly president of Troyer.

Financing

Senators push for more disclosure on SBA franchise loans

By Jonathan Maze on Mar. 18, 2022

But critics say it’s a solution without a problem. And a U.S. Senate hearing on the topic was bogged down by concerns about inflation and whether the government should back loans at all.

Financing

Restaurant chains’ Russia risks are on full display right now

By Jonathan Maze on Mar. 18, 2022

The Bottom Line: There is only so much franchises can do to close their stores in the country. It’s not keeping people from calling for boycotts.

Financing

The IPO market grinds to a halt

By Jonathan Maze on Mar. 17, 2022

The Bottom Line: A bunch of restaurant companies lined up to go public just before the market ground to a halt. Yet last year’s IPOs didn’t do that badly.

Financing

Why so many big-name chains are changing their CEOs right now

By Jonathan Maze on Mar. 17, 2022

The Bottom Line: Starbucks, Domino’s, Wingstop and Darden are all changing their top executives. It demonstrates the changing needs of both the companies and the executives themselves.

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