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Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 227
Financing

As restaurants struggle, distributors face their own challenges

Giant food distributors that had built their business by serving local concepts now face major changes to their own industry.

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Will fast-food chains keep recent sales growth?

Quick-service concepts are suddenly doing OK as consumers adjust to new routines. RB’s The Bottom Line examines whether it’s sustainable.

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The owner of Souplantation and Sweet Tomatoes files for Chapter 7 bankruptcy

Garden Fresh Restaurants opts for liquidation rather than reopening its buffet-centric restaurants due to coronavirus restrictions.

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Golden Corral starts reopening, without the buffet

The chain is gradually reopening restaurants with cafeteria-style dining and some family-style service.

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Strong recent sales have Jack in the Box ‘bullish’

Same-store sales rose more than 8% in the week ended May 10 as consumers readjusted to the pandemic shutdown and made larger orders.

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Bankrupt Krystal is being sold to one of its lenders

A bankruptcy court has approved the sale of the burger chain to Fortress Investment Group.

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Starbucks is asking landlords for a year’s worth of rent breaks

The chain is renegotiating rents after its sales plummeted in recent weeks during the pandemic shutdown.

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McDonald’s is investing about $200M to boost marketing

The burger giant is also taking steps to help its weakest franchisees as it works to jump-start the system’s recovery.

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How is the pandemic affecting the food supply?

David Maloni of ArrowStream joins “A Deeper Dive” this week to discuss the pandemic’s impact on the food supply and prices.

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Uber is apparently trying to buy Grubhub

Multiple reports suggest the two big delivery providers are talking about a deal, which would be the first in an inevitable consolidation in the growing business, says RB’s The Bottom Line.

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Luckin Coffee fires its top 2 executives after fraud investigation

The Chinese company terminated CEO Jenny Zhiya Qian and COO Jian Liu and suspended six more employees who knew of fabricated transactions.

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Bamboo Sushi, QuickFish parent declares bankruptcy

Sustainable Restaurant Holdings blamed the coronavirus for the move, which is intended to help the company find a buyer.

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