Sweetgreen

Financing

Why restaurant companies are going public right now

Soaring valuations and a dearth of publicly traded consumer companies are setting the stage for a flurry of industry IPOs, says RB’s The Bottom Line.

Financing

Sweetgreen says it is going public

The fast-casual salad chain made its long-rumored IPO plans official Monday, becoming the third restaurant chain to do so in the past two months.

The tech-infused fast-casual salad chain’s public offering has been a long time coming but it already has a sky-high valuation, says RB’s The Bottom Line.

Less than a month after announcing the fast casual’s partnership with tennis star Naomi Osaka, the athlete withdrew from the French Open to prioritize her mental health.

The fast-casual salad chain has a new logo and a new visual identity that will be seen on employee uniforms, signage, social media, digital products and inside its restaurants.

Sweetgreen is the latest chain reportedly considering an initial public offering. Dutch Bros and Torchy’s are both considering a similar move and Krispy Kreme has already filed, says RB’s The Bottom Line.

Sweetgreen’s newest investor is tennis star Naomi Osaka.

Taste Tracker: 4/20 specials at Jack in the Box, Sticky’s Finger Joint and more; sustainability rules at Ike’s and Sweetgreen; Smashburger dials up the heat on chicken sandwiches; and new LTOs make their debut.

The fast-casual chains in recent days have come out with new sustainability goals and efforts.

Chef Katelyn Shannon deconstructs the popular sandwich into a healthy bowl with the same texture and flavor profile.

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