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The casual chain says its debt load is $220 million lighter, with no repayments due near-term.
With few buyers willing to take a risk, credit bids become far more common in bankruptcy sales, says RB’s The Bottom Line.
The company has dwindling cash and is looking to close unprofitable locations and reduce its debt.
Restaurants continue to come up with creative ways to deal with COVID-19.
Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.
Scott Hudler, a longtime veteran of Dunkin’, is among the new hires.
Consumers were tempted by these limited-time offers featured in chain restaurants.
The pizza chain rolled out a pay-at-the-table feature for dine-in guests through its app
The former Ruby Tuesday executive will take over for the retired G.J. Hart.
These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years.
Food trends and recipes to keep menus fresh
New restaurants and soon-to-open concepts worth monitoring
RB’s exclusive ranking of the highest-grossing independent restaurants
Peter Romeo highlights the moments restaurateurs miss at their own peril
Ideas from the field you may want to borrow