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BurgerFi

Financing

BurgerFi parent agrees to settle shareholder lawsuit

 By Lisa Jennings on Jul. 26, 2024

Lion Point Capital alleged BurgerFi International Inc. failed to timely register its shares in a SPAC deal, costing the shareholder $26 million.

Financing

The former CEO of Famous Dave's is making a play for Rubio's and BurgerFi

 By Jonathan Maze on Jun. 06, 2024

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.

Financing

Struggling Burgerfi is exploring strategic alternatives

By Jonathan Maze on May 30, 2024

The owner of two fast-casual chains cited its liquidity challenges as it replaced its chairman, gave top executives incentives to stick around and sought assistance from its lenders.

Marketing

BurgerFi hopes customers give a cluck about its new name

By Heather Lalley on May 22, 2024

Marketing Bites: The struggling fast-casual burger chain, looking to goose sales with a new platform, said it is changing its name to ChickenFi. It's a marketing gambit that's been tried before.

Operations

Struggling BurgerFi shutters 8 more restaurants

By Lisa Jennings on May 15, 2024

After closing 14 units last year, the fast-casual burger chain continued "right-sizing" its portfolio in the first quarter, when its same-store sales plunged 13%.

Food

BurgerFi launches the Better Burger Lab as an innovation pipeline

By Patricia Cobe on Apr. 24, 2024

The remodeled NYC location gives guests a chance to sample and provide feedback on new menu items before they roll out systemwide.

Operations

BurgerFi defaults on its credit agreement

By Lisa Jennings on Apr. 01, 2024

The parent company of the BurgerFi and Anthony's Coal Fired Pizza & Wings restaurant chains fell out of compliance with its loan agreement amid weak sales and financial losses. But the CEO insists turnaround efforts are taking hold.

Marketing

How BurgerFi and Anthony's Coal Fired Pizza are generating menu buzz

By Patricia Cobe on Jan. 25, 2024

CMO Cindy Syracuse differentiates the brands through strategic menu promotions in the crowded burger and pizza segments.

Operations

BurgerFi says turnaround is coming later this year

By Lisa Jennings on Jan. 09, 2024

Comp sales in 4Q were down 9% in preliminary results for the better-burger brand, but CEO Carl Bachmann said the foundation is in place for recovery.

Operations

BurgerFi's 3Q performance is 'unacceptable,' CEO says

By Lisa Jennings on Nov. 15, 2023

The Florida-based company has closed five underperforming restaurants and more may be shuttered. Meanwhile, chicken is coming to the menu to help turn things around.

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