Finances and Deals

  • 7-Eleven launches 7Now Gold Pass.
    Image attribution tooltip
    Courtesy of 7-Eleven

    7-Eleven reportedly acquires delivery startup, intends to compete with DoorDash

    The c-store giant bought Skipcart, which provides same-day and on-demand delivery, according to The Information. 

    By Brett Dworski • Aug. 8, 2022
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    hapabapa via Getty Images

    McDonald's digital sales top $6B across top 6 markets

    Digital channels account for about a quarter of the chain’s sales in the U.S.

    By July 27, 2022
  • Image of a counter with a ordering kiosk and shelves in the background with bags.
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    Permission granted by Kitchen United

    Kitchen United secures $100M

    The firm plans to grow from 15 locations to over 500 using malls, shopping centers and supermarkets operated by new investors, Business Insider reports.

    By July 25, 2022
  • An image of a roundabout with a fountain outside a beige building with a sign that says Keke's Breakfast Cafe
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    Permission granted by Denny's

    Denny's completes $82.5M acquisition of Keke's Breakfast Cafe

    The breakfast chain, which has 52 locations in Florida, is expected to provide expansion opportunities as a complementary concept for Denny’s.

    By July 21, 2022
  • An image of a stainless steel kitchen makeline
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    Courtesy of Chipotle/Hyphen

    Chipotle invests in kitchen automation platform Hyphen

    The tech firm and mushroom-based protein company Meati are the first recipients of Chipotle’s venture fund Cultivate Next.

    By July 21, 2022
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    YinYang via Getty Images

    ChowNow CEO: More restaurant tech industry layoffs are coming

    The company had one of its best sales months in June, but rising interest rates and more expensive capital has Chris Webb preparing for a financial hurricane.

    By July 19, 2022
  • Citzens New York Culinary Market at Manhattan West
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    Courtesy of C3

    C3 lands more capital to expand further into hotels, stadiums

    The virtual restaurant company, which secured $80 million in funding last summer and $10 million in October, said the capital will also allow it to grow into new cities and suburbs.

    By July 13, 2022
  • An image inside Cruising Kitchens' manufacturing facility where it builds food trucks.
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    Retrieved from Cruising Kitchens on July 11, 2022

    Ghost Financial injects $100M into food truck manufacturer Cruising Kitchens

    The funding supports CK Ghost Kitchens, a new Cruising Kitchens division focused on developing ghost kitchen and food truck licensing agreements with celebrities, influencers and athletes. 

    By July 11, 2022
  • A group of people are enjoying their meal at a bright restaurant while one looks on a smartphone.
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    Geber86 via Getty Images
    Sponsored by Cybersource

    Latent loyalty: How restaurants can improve customer retention and profits through a digital-first loyalty program

    Restaurants need the right partners to help them identify customers offering them promotions that lead to increased loyalty.

    July 11, 2022
  • Toast Inc. point of sale device
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    Courtesy of Toast Inc.

    Toast buys Sling to enhance employee scheduling, communications

    The purchase will enhance Toast’s Team Management offerings by helping operators pay workers faster and better manage labor costs, Toast said.

    By July 7, 2022
  • Gopuff
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    Courtesy of Gopuff

    BurgerFi and Gopuff expand delivery nationwide

    Following a 90-day trial in Florida, the companies are bringing BurgerFi’s products to more than 30 Gopuff food halls throughout the U.S.

    By July 7, 2022
  • Panera Bread storefront
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    Permission granted by Panera Bread

    Panera terminates agreement with Danny Meyer's SPAC

    Due to unfavorable capital market conditions, Panera Brands and USHG Acquisition Corp. ended their relationship Friday. Panera said it will continue to explore a public listing if conditions improve.

    By July 1, 2022
  • Sharebite
    Image attribution tooltip
    Courtesy of Sharebite

    Food benefits platform Sharebite raises $39M

    The technology, which enables restaurants to deliver food to corporate clients, will use the funding to grow and launch new products.

    By June 29, 2022
  • 800 Degree Pizza's Thin & Crispy Pepperoni Pizza, provided by REEF Technology
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    Courtesy of REEF Technology
    Reef Technology's expansion

    Reef pursues ownership stake in pizza concept

    Reef's EVP for Kitchens and Brands, Kenneth Rourke, will join the board of 800 Degrees Go, a joint venture between 800 Degrees and robotics company Piestro.

    By April 29, 2022
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    andresr via Getty Images

    Gov. Pritzker signs budget deal with $50M for Illinois restaurants

    Restaurants and taverns with 50 employees or fewer can snag grants of up to $50,000 if they haven't received RRF grants or other state or local financial aid.

    By April 26, 2022
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    Cindy Ord via Getty Images

    Activist investor: JET's Grubhub purchase is a 'capital allocation mistake'

    Cat Rock Capital Management, which owns 6.9% of shares in Just Eat Takeaway, urged investors to vote against JET's CFO and supervisory board.  

    By April 25, 2022
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    Sponsored by DAVO by Avalara

    Most asked questions about sales tax

    Sales tax can be a hassle. These are the questions we get asked the most about managing sales tax.

    April 25, 2022
  • Chipotle in Savannah, Georgia
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    Thai Phi Le/Restaurant Dive

    Chipotle launches $50M venture fund to access emerging tech

    Cultivate Next, which will be funded solely by the chain, will focus on Series B stage companies that can help accelerate Chipotle's strategic priorities.

    By April 19, 2022
  • Main Event Entertainment location
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    Permission granted by Main Event

    Dave & Buster's to buy Main Event for $835M

    Following the close of the all-cash transaction, which is expected to occur later this year, Main Event CEO Chris Morris will become Dave & Buster's CEO.

    By April 6, 2022
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    Joe Raedle via Getty Images
    Starbucks employees form a union

    Howard Schultz suspends Starbucks share repurchase program

    The move will let the chain invest more profit into employees and stores "to create long-term value for all stakeholders," Schultz wrote on Monday. 

    By April 5, 2022
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    Matias Delacroix via Getty Images

    Surging inflation compelling small businesses to raise prices

    Inflation is broad based — flaring in every sector — and will probably persist longer than initially expected, the U.S. Chamber of Commerce said.

    By Jim Tyson • April 1, 2022
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    Joe Raedle via Getty Images

    Papa John's refranchises 90 units in Texas with Sun Holdings

    The move will give Sun Holdings, which will open 100 new Papa John's units in Texas by 2029, the scale to support new restaurant development.

    By March 31, 2022
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    Octavio Jones via Getty Images

    Study: Two-thirds of restaurants hurt by rising gas prices

    Restaurant owners say steep prices at the pump have affected their delivery sales, according to Alignable research. 

    By March 30, 2022
  • Red Lobster taps Bloomin' Brands alum as CFO

    David Schmidt succeeds Craig Pommels, who left Red Lobster to become CFO of Cracker Barrel in December.

    By March 14, 2022
  • Sweetgreen opened a location at World Trade Center Tower 3 in NYC in October 2021.
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    Permission granted by Sweetgreen

    Sweetgreen's digital sales made up 67% of Q4 2021 revenue

    By capturing the majority of its online orders through proprietary platforms, the salad chain has been able to collect valuable consumer data that informs digital-exclusive offerings. 

    By March 7, 2022