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Peter Romeo

Editor at Large

Articles by
Peter Romeo

Page 149
Financing

Tilman Fertitta offers to pay 15% interest on a ‘lifeline’ loan, report says

The billionaire concept collector is also sinking another $50 million of his own money into his hospitality empire.

Leadership

Inspire Brands forms a $1M relief fund

The Inspire Brands Foundation will use its resources to aid restaurant relief efforts and relieve childhood hunger.

Operations

BJ’s Restaurants suspends rent payments

The casual chain said it is negotiating with landlords in hopes of getting the fees suspended or restructured.

Financing

Off-premise soars, but Olive Garden’s same-store sales drop 59.7%

Parent company Darden Restaurants' fine-dining group saw steeper declines as dine-in sales plunged.

Financing

TGI Fridays’ $380M deal is called off

Allegro Merger Corp., citing “extraordinary” conditions, opted not to merge with the bar and grill chain.

Operations

Is Cheesecake Factory making it?

Per-unit sales are running at about a third of the volume of pre-COVID-19 days, but that's still $3 million in annual per-store revenues. And costs have been aggressively cut.

Topics

States eye bills extending business interruption insurance for COVID-19 closings

Measures in at least four states would require insurers to drop pandemic exemptions retroactively.

Consumer Trends

Will restaurant customers be quick to return?

New research provides some insight.

Workforce

Faces of the restaurant industry unemployment crisis

Massive and mounting unemployment figures do not tell the full toll of the coronavirus crisis on the restaurant industry.

Operations

Cheesecake says off-premise sales could hit $3M per unit

Takeout and delivery business recently jumped 85%, but comps for March fell 46%.

Leadership

Rosati’s co-founder Fred Rosati dies at 102

The transplanted New Yorker opened his first pizzeria in Chicagoland in 1964.

Financing

Dine Brands stockholders to vote on spinning off IHOP

The Applebee's parent has a proxy resolution calling for the company's two brands to be split.

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