Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 293
Financing

In proxy fight, Cracker Barrel’s investment in Punch Bowl Social gets scrutiny

Activist Sardar Biglari, trying to get a board seat, has criticized the decision. But Cracker Barrel says its investment, and its decision to walk away, were both warranted.

Financing

Bankrupt chains hand their keys to the lenders

With few buyers willing to take a risk, credit bids become far more common in bankruptcy sales, says RB’s The Bottom Line.

Independents are dying while fast-food chains hit record numbers, which seems likely to continue, says RB’s The Bottom Line.

The company wouldn’t give the U.S. franchisee association's president an extension on a remodel requirement unless the group dropped its lawsuit against the franchisor. The location is now closed.

The company’s U.S. sales hit a record levels in the third quarter, but margins declined because of higher commodity prices and pandemic costs.

Same-store sales hit double digits last month, and 4.6% in 3Q, thanks to the Travis Scott meal and Spicy Chicken McNuggets.

This week’s episode of the RB podcast “A Deeper Dive” features real estate attorney Stephen Cohen, who has recommendations on lease negotiations.

The struggling casual dining chain has shed 185 locations during the pandemic and is down to 250 locations.

The burger giant is adding a cinnamon roll, blueberry muffin and apple fritter to its lineup later this month.

The chicken chain has been increasingly dominant in Piper Sandler’s annual Taking Stock with Teens survey, which shows young people slowing their spending.

The sudden infusion of so many virtual chicken wing concepts could lead to another price spike. There’s already evidence it’s happening, says RB’s The Bottom Line.

The pizza chain tapped the former Target executive to lead its finances.

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