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A bankruptcy court has approved the sale of the burger chain to Fortress Investment Group.
Bankruptcy filings by Bar Louie, Krystal and American Blue Ribbon all reflect the industry’s competitive and operational challenges, says RB’s The Bottom Line.
As chains such as Steak ‘n Shake and Krystal faced mounting financial problems, they looked to refranchising as a solution, says RB’s The Bottom Line.
The fast-food burger chain has gone into debt protection with $65 million in debt and closing units, says RB’s The Bottom Line.
The Beekman Group has hired Paul Macaluso, an alumnus of Krystal, McAlister’s and Taco Bell, to spearhead the brand’s growth.
The burger chain has named Tim Ward president and Bruce Vermilyea CFO, while CEO Paul Macaluso leaves.
The burger chain is refranchising locations in several states to spur growth.
Operators are tempting customers with cool sweets to lick, sip and spoon up.
The company said it drove more traffic and even shifted consumer habits. And now it’s extended the offer for another month.
The quick-service chain is offering unlimited original burgers and fries for $5.99 for a limited time.
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