What’s driving the restaurant tech M&A wave?
Suppliers flush with cash are using it to consolidate, often with the goal of offering restaurants more complete systems.Photo illustration by RB Staff
Restaurant Business Exclusive Content
Financing
Howard Schultz puts some money into Starbucks
The Bottom Line: The interim CEO, who did away with company buybacks, has been buying up shares of the company’s stock and now owns 21.8 million shares directly or indirectly.
Financing
Restaurants’ finances turned south in a hurry
The Bottom Line: Margins were fine last fall as sales recovered. But high food costs on top of high labor costs have done them in. And some concepts are already feeling the pain.
Leadership
Wyman Roberts’ career in food has been all about people
The outgoing CEO of Brinker International reflects on his impact over 17 years at the Chili’s and Maggiano’s parent.