Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 179
Financing

Former Sonic CEO Cliff Hudson starts a SPAC

The blank check company Do It Again, which features several people connected with Sonic and Dunkin’, has filed to raise $125 million, says RB’s The Bottom Line.

Financing

Freddy’s Frozen Custard is sold to Thompson Street Capital Partners

The fast-casual Kansas-based burger chain has grown quickly and its drive-thrus have proven valuable during the pandemic.

Dan Accordino, CEO of Carrols Restaurant Group, lamented the company’s stock price and defended its business model, says RB’s The Bottom Line.

This week’s episode of the RB podcast “A Deeper Dive” features John Cappasola, CEO of the Mexican QSR chain, talking about development and the shift to the drive-thru.

“Everybody is all in” on the daypart as operators renew and the burger chain plans to increase its morning sales even further.

The restaurant-theater chain sought Chapter 11 debt protection after the pandemic wiped out the movie business.

The company has added centralized phone orders at company locations and is adding dough spinners as it looks to handle a surge of business.

The burger giant, which bought the technology company two years ago, is considering a sale of the business that works with other clients.

Yum Brands has a deal to acquire Kvantum, which uses artificial intelligence to understand consumer insights and marketing performance.

While the market for restaurants has been bifurcated so far, that could end as some foresee a return to in-restaurant dining.

After rescuing the company at the last minute, he now embarks on an uncertain service style change. RB’s The Bottom Line explains why the investor has a lot riding on this move.

Biglari Holdings paid off the company’s debt, keeping it from bankruptcy, and now the chain looks to a self-serve kiosks for its future.

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