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Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

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Financing

Why the pandemic takeout boom may fade

Darden Restaurants CEO Gene Lee doesn’t think growth in to-go orders is as “sticky” as people want it to be, says RB’s The Bottom Line.

Financing

Big Burger King franchisee Carrols gets back into the deal game

The $1.5 billion operator is looking at deals again after taking 2020 off, but it is slowing its growth to preserve cash in the coming years.

The CEO and great-granddaughter of the company’s founder will take over for her father, Bill Ingram, who is retiring.

The drive-thru chain, which was struggling before the pandemic, has seen sales surge and received new funding from Oak Hill Capital to further growth.

In a letter sent to the system on Friday, he also joined a statement from the Business Roundtable condemning President Trump and other politicians for inciting the violence.

Led by the Inspire-Dunkin’ Brands deal, 2020 turned out to be a bigger year for acquisition activity than expected. Expect more of the same this year.

Tastemaker Acquisition Corp., a restaurant-focused acquisition vehicle formed by former Barteca and Jamba executives, raised more than expected in its offering, says RB’s The Bottom Line.

The industry now employs 9.8 million people as restaurants shut services due to coronavirus restrictions.

The fried chicken chain is making its new sandwich available in select markets now and will expand it to all 4,000 locations by the end of February.

Flynn Restaurant Group will buy half of the 393 Wendy’s being sold by the bankrupt operator, along with all 900 Pizza Huts, while other operators will buy the remaining units of the burger chain.

Rachel Ruggeri will take over as the coffee giant’s finance chief on Feb. 1.

The chain is introducing a new visual design in its first complete rebranding in more than 20 years.

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