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Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 9
Financing

Needing cash, Dave & Buster’s plans to sell shares

The food and games chain has a deal with Jefferies to sell up to $75 million in stock to strengthen a balance sheet damaged by the coronavirus shutdown.

Financing

McDonald’s makes some executive changes

Mason Smoot was named U.S. chief restaurant officer after the retirement of Charlie Robeson, and the company has a new chief of staff and chief people officer.

Companies from distributors to point-of-sale providers have faced their own challenges as restaurant sales crater.

While no company is immune to the coronavirus shutdown, it will likely widen the divide between larger chains and smaller ones, says RB’s The Bottom Line.

Yum Brands chains will also take workers’ temperatures and have them wear gloves as part of the company’s evolving response to the coronavirus.

The coronavirus interrupted great quarters for several chains, making a year of growth into one of financial rescue, says RB’s The Bottom Line.

Nearly 17 million Americans have been left jobless in just the past three weeks, with many of them undoubtedly restaurant workers, says RB’s The Bottom Line.

The industry had its worst month on record, and even that doesn’t fully account for how bad it was.

NRD Capital has created Franklin Junction, a company that creates “host kitchens” in restaurants that have excess capacity and need sales.

The company said same-store sales fell as much as 70% in the last week of March as the coronavirus shutdown took hold.

With many chains already struggling, the sector faces a quick shakeout as dine-in sales plunge and options dwindle, says RB's The Bottom Line.

McDonald’s and Chick-fil-A changed their policies as federal recommendations evolve, while workers and labor-backed groups intensify pressure.

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