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Financing

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

Financing

Breaking down MrBeast Burger’s first 1 million burgers

 By Joe Guszkowski on Mar. 12, 2021

The popular virtual concept hit the milestone this week after a little under three months in business. So how big is MrBeast really?

Financing

Sysco accuses pork producers of price fixing

 By Jonathan Maze on Mar. 11, 2021

Big distributor Sysco filed a lawsuit against Tyson, Hormel, Smithfield and several other companies, accusing them of a conspiracy to control pork prices in the latest price-fixing dispute between producers and food companies.

Financing

Pizza and chicken won 2020, but burgers are catching up

By Jonathan Maze on Mar. 11, 2021

RB’s The Bottom Line examines which fast-food restaurants won, and which ones lost, during a pandemic-laden year. Pizza chains like Domino's and Papa John's, and chicken wing chains like Wingstop, did best in 2020.

Financing

The joint-employer standard is up in the air again

By Peter Romeo on Mar. 11, 2021

The U.S. Department of Labor disclosed plans to officially overturn the industry-friendly definition that was put forward by Trump, putting the issue back on the table for franchises.

Financing

4 additional breaks for restaurants in the COVID recovery bill

By Peter Romeo on Mar. 11, 2021

The relief bill just passed by Congress contains more benefits for restaurants than just the $28.6 billion in direct aid. Here are some of the others.

Financing

By Chloe to get a new owner but loses its name

By Heather Lalley on Mar. 10, 2021

Vegan chain By Chloe has named its stalking horse bidder to acquire it out of bankruptcy, but it lost its name in a trademark dispute.

Financing

Plan delivering $29B in restaurant aid heads to Biden's desk

By Peter Romeo on Mar. 10, 2021

The House of Representatives approved the American Rescue Plan without a single Republican 'yea' vote. The plan features nearly $29 billion in direct aid to restaurants.

Financing

Why SPACs have become so popular

By Jonathan Maze on Mar. 10, 2021

This week’s episode of the RB podcast “A Deeper Dive” features Andy Pforzheimer, the Barteca founder and SPAC co-CEO, who tells us all about blank-check investment companies.

Financing

John Schnatter is not going away

By Jonathan Maze on Mar. 10, 2021

John Schnatter has been on a crusade to repair his reputation, while dragging Papa John's in the media for its quality in the process. Yet that effort doesn't appear to be helping.

Financing

Group of friends buys Milio’s Sandwiches

By Jonathan Maze on Mar. 10, 2021

Five friends with long-standing ties to the Madison, Wis.-based sandwich chain have bought the company, which operates 22 locations in Minnesota, Iowa and Wisconsin.

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