Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 216
Financing

Hargett Hunter wins auction to buy Austin-based Trudy’s

The private equity firm will pay $6.5 million for the Tex-Mex concept.

Financing

Will casual-dining chains keep their takeout gains?

Early evidence suggests they can, which could be crucial to their future, but it’s still early, says RB’s The Bottom Line.

The company is making a renewed hiring push as sales thrive during the coronavirus pandemic.

The company is also extending the pause on its dining room openings and adding more protective panels in the restaurants.

The company also promoted two other executives as it works to bolster its digital efforts.

Bloomin’ Brands sales continued to improve, and it saw little impact on sales as coronavirus spread rapidly in Florida and Texas.

The Mexican fast-food chain said "the worst may be behind us" as its sales turn positive in July.

Estimates vary, but one thing is certain: There will be a lot fewer restaurants by the end of the year, says RB’s The Bottom Line.

A third of Top 500 concepts, though mostly smaller chains, received federal stimulus loans, as did many of their franchisees.

Low numbers of federal stimulus loans to Black-owned restaurants reflect bad data collection and historically weak lending to people of color.

Starbucks, Taco Bell, Wendy’s and several others have been upgrading or introducing their programs as they hope to build traffic coming out of the pandemic.

American Blue Ribbon Holdings, which declared bankruptcy in January, is selling the restaurants in a pair of deals, citing “liquidity constraints.”

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