Don Fox, CEO of Firehouse Subs./Photo courtesy of Firehouse Subs; GIF by Restaurant Business, Nico Heins.
Restaurant Business Exclusive Content
Financing
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.
Emerging Brands
How Mr. Pickle's is playing the value game with sandwich sizes
The California-born chain known for Dutch Crunch rolls is borrowing a page from Goldilocks and rolling out a mid-sized sandwich that gives guests a more-profitable reason to visit.
Financing
Two companies learn the hard way that running restaurants is difficult
The Bottom Line: Red Lobster and Topgolf were both acquired by companies outside the restaurant industry. Those companies have learned just how competitive the business is.