Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 7
Financing

An Alamo Drafthouse Cinemas franchisee shuts down

A six-unit operator with locations in Texas and Minnesota closed its locations and filed for Chapter 7 bankruptcy, citing continued losses.

Financing

Starbucks hopes a more open mobile app can help reverse sales problems

The coffee shop chain in July plans to open its app to everybody, not just Starbucks Rewards members. But it is already promoting its value there as it works to rebuild sales from occasional customers.

Jeff Crivello has been buying up brands like Cowboy Jack's this year. He is now turning to the two struggling fast-casual chains after acquiring their debt, giving him a good chance to buy both.

A Deeper Dive: This week’s episode of the Restaurant Business podcast features Victor Fernandez, VP of insights and knowledge for GuestXM, to talk about full-service restaurants.

The fast-casual chain blamed rising costs and the fast-food wage in California as it filed its second Chapter 11 in four years. It plans to use the bankruptcy process to find a buyer.

Several restaurant chains, notably Starbucks, are navigating weak spending and increasing competition in the fast-growing market. But they remain bullish on its future.

The fast-casual pizza chain, which was “born” in California more than a decade ago, believes the cross-country move will further growth.

The Bottom Line: McDonald’s, Starbucks and Chipotle, chains that have historically benefitted from social media love, are learning the hard way that it can have the opposite effect. Brands should take heed.

From the editor: This year’s ranking of the largest U.S. restaurant chains by system sales reveals winners and losers and a few warning signs. Here’s an early look at RB’s coverage of the report.

The Bottom Line: Bankruptcy filings, closures, strategic alternatives and a sudden value messaging all suggest the industry is in a tough spot. But many brands are still thriving.

The fast-casual taco chain, which declared bankruptcy in 2020, cited the state’s operating environment for the restaurant closures.

The pizza giant believes it has good products. It just needs to do a better job of telling customers about it. The company is also promising a lot more menu innovation.

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