Restaurant tech was due for a pruning
Tech Check: The flourishing industry has been hit with a reality check this year. That might not be such a bad thing.Restaurant Business Exclusive Content
Financing
Franchise sales were hot last year as operators cashed out
The Bottom Line: More than 9% of restaurants in the 20 largest franchise restaurant brands changed hands last year. But operators may have missed their chance at historically high valuations.
Financing
A weak U.K. economy gives some U.S. restaurants headaches
The Bottom Line: Domino’s, Papa John’s and Krispy Kreme all said challenges across the pond caused weakness in their results. That could portend to slowing global growth.
Operations
Movement to ban gas cooking puts the heat on restaurants
Cities have quietly banned the use of gas stoves. Washington D.C. is the latest to push for all-electric kitchens and Boston may be next.