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OPINIONLeadership

Sardar Biglari makes more changes to his incentive agreement

The Bottom Line: Biglari Holdings, the owner of Steak n Shake, defends a services agreement with its chairman’s investment fund and commits to making up prior investment losses.

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Food

A wealth of new menu items entices diners over the Fourth of July holiday weekend

Taste Tracker: Chicken in new guises at BWW, Slim Chickens and Toppers; Mooyah, Auntie Anne’s and Smashburger shake it up; refreshing thirst-quenchers for Starbucks, Dunkin’ and Charleys; and everything from cocktails to concretes to cookies make their debut.

Financing

The restaurant industry is splitting in two

The Bottom Line: The business is increasingly bifurcating. Fast-food restaurants are focused on speed and production. But demand for experiential dining remains high. Those in between may struggle.

Financing

The market cools off for restaurant acquisitions

The Bottom Line: Inflation concerns and margin pressures haven’t just hurt stocks. The market for restaurant deals has slowed to a crawl as sellers wait until things improve.