Finances and Deals: Page 2


  • A remodeled McDonald's.
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    garett_mosher via Getty Images
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    McDonald’s will raise royalty rate on new US restaurants by 25%

    The fee change increases operator royalty rates from 4% to 5%, but most of the Golden Arches’ franchising revenue will still come from rent, CNBC reports. 

    By Sept. 22, 2023
  • An image of a refreshed Subway.
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    Courtesy of Subway
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    What Roark deal means for Subway franchisees

    Under its new owner, the sandwich chain could see more rapid expansion, but operators may still be challenged by low store-level profitability.

    By Aug. 31, 2023
  • An image of a refreshed Subway.
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    Courtesy of Subway
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    Subway to be acquired by Roark Capital

    After a monthslong sales process, Roark emerged as the winning bidder with a reported purchase price over $9 billion. 

    By Aug. 24, 2023
  • Paul Carbone joined Panera Brands as CFO on August 15.
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    Courtesy of Panera Brands
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    Panera Brands hires CFO as IPO prep continues

    Paul Carbone, who helped lead Dunkin’ and Yeti’s IPOs, took over the role on Tuesday.

    By Aug. 15, 2023
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    Retrieved from Pure Gold by Qdoba on June 28, 2022
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    Qdoba wants to double unit count to 1,500 in a decade

    The chain is selectively refranchising corporate units to support its growth, while rival Chipotle is scaling through company-owned units alone. 

    By Aug. 10, 2023
  • A worker takes a bowl of processed avocados from a prototype of Vebu's Autocado.
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    Courtesy of Chipotle
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    Chipotle wants to improve speed with grills, robots

    The fast casual chain is trialing automated kitchen equipment that can trim prep time in half, in some cases, as it looks to improve accuracy and throughput.

    By July 28, 2023
  • A man carrying orange bags with the word Grubhub on the side.
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    Courtesy of Grubhub
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    Just Eat Takeaway CEO: Grubhub sale attempt has been ‘complicated’

    Conversations with potential buyers have proven difficult due to the impact of existing fee caps, especially in New York City.

    By July 27, 2023
  • An image of a Boston Market restaurant with red and beige trim.
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    Justin Sullivan via Getty Images
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    Boston Market sued by US Foods for $11M in unpaid bills

    The food distributor joins a growing list of vendors, landlords and employees that have sued the chain over missed payments within the last few months.

    By July 26, 2023
  • A hand holding up a smartphone with ordering options from Domino's via Uber Eats.
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    Courtesy of Domino's
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    Domino’s hopes Uber Eats delivery deal will boost sales by 2024

    Pinpoint Delivery and the aggregator partnership will help the chain's U.S. delivery same-store sales, which declined again in Q2, to increase in the near future.

    By July 24, 2023
  • A selection of Carl's Jr. and Hardee's food with new branding
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    Courtesy of CKE Restaurants Holdings, Inc.
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    Bankrupt Hardee’s operator sells 81 restaurants to High Bluff Capital

    The sale will make High Bluff one of CKE’s major franchisees, with a portfolio concentrated in the Great Plains and the Deep South.

    By July 18, 2023
  • An image outside the NYSE with Cava sign
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    Permission granted by NYSE
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    The biggest restaurant IPO news of H1 2023

    Cava defied analyst expectations with its $318 million IPO in June, followed by Gen Restaurant Group’s $43 million public debut. Now, H2 could see Panera Brands and Pinstripes go public.

    By July 5, 2023
  • An image of a cooking apparatus in Gen Korean BBQ
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    Retrieved from U.S. Securities & Exchange Commission on June 01, 2023
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    Gen Restaurant Group raises over $43M with IPO

    The casual chain began trading Wednesday with its initial public offering priced at $12 per share, almost two weeks after Cava Group’s successful IPO.

    By June 29, 2023
  • An image of Everytable storefront in NYC
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    Retrieved from Everytable on June 27, 2023
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    Everytable raises $25M to support expansion

    The company will use its latest funding round to grow its stores, which provide affordable meals to underserved communities in California and New York City. 

    By June 27, 2023
  • An image of Pinstripes
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    Courtesy of Pinstripes
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    Pinstripes partners with SPAC to go public

    The 13-unit eatertainment concept could go public in a deal with Banyan Acquisition Corp., with the combined companies worth $520 million.

    By June 23, 2023
  • An image outside the NYSE with Cava sign
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    Permission granted by NYSE
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    Q&A

    After first day of trading, Cava plots path to profitability

    As a public company, Cava will further strengthen its balance sheet and expand into new markets, CFO Tricia Tolivar said.

    By June 20, 2023
  • An exterior shot of Twin Peaks restaurant
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    Permission granted by Fat Brands/Twin Peaks
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    Why Fat Brands’ Andy Wiederhorn wants Twin Peaks to go public

    Two years after Fat bought the full-service brand for $300 million, it is also considering spinning off the company or selling it for cash.

    By June 20, 2023
  • An image of a customer entering a Cava restaurant.
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    Mario Tama via Getty Images
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    Cava’s IPO raises $318M, higher than expectations

    Cava’s initial public offering, at $22 per share, surpassed an expected $17 to $19 per share, which could encourage other restaurants pursuing IPOs.

    By June 15, 2023
  • An image of investors of Hungry
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    Permission granted by Hungry
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    Catering platform Hungry raises $10M

    Hungry, which has expanded from five to 13 markets since the onset of COVID-19, said the funding would help it reach operational profitability.  

    By June 13, 2023
  • An exterior image of a BurgerFi restaurant
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    Permission granted by BurgerFi
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    BurgerFi appoints former Wall Street analyst as CFO

    Christopher Jones starts as BurgerFi’s top financial executive on July 10, the same day as its incoming CEO. 

    By June 13, 2023
  • An image of a man setting up an opening soon sign.
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    Rawpixel via Getty Images
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    California Restaurant Foundation gives out $920K in grants to small independents

    This year’s recipients, all with five or fewer units and under $3 million in revenue, will use the money for operational upgrades.

    By June 8, 2023
  • An image of Twin Peaks staff and owners during a grand opening.
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    Courtesy of Twin Peaks
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    Fat Brands to issue IPO for Twin Peaks brand

    Going public would allow the sports lodge restaurant, which is set to double its store count in the next few years, to expand further than its 109-unit pipeline. 

    By June 6, 2023
  • An image of a Cava logo
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    Mario Tama via Getty Images
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    Cava issues IPO, plans to raise over $245M

    The chain will offer over 14 million shares of common stock priced between $17 and $19, and will use the proceeds to fund new restaurant openings. 

    By June 5, 2023
  • Corner Bakery storefront
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    Thai Phi Le/Restaurant Dive
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    Corner Bakery accepts $15M bid from SSCP Restaurant Investors

    SSCP, which bought the company’s debt earlier this year, outbid stalking horse bidder Wexford Capital during an auction held last week. 

    By June 5, 2023
  • An image of a cooking apparatus in Gen Korean BBQ
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    Retrieved from U.S. Securities & Exchange Commission on June 01, 2023
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    Gen Korean BBQ parent issues IPO

    Gen Restaurant Group plans to raise $25 million, and its barbecue restaurant chain believes it can to grow from 32 to 250 units in the U.S. 

    By June 2, 2023
  • A photo of several Neat Burger sandwiches in a branded box.
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    Courtesy of Neat Burger
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    Neat Burger raises $18M to support expansion

    The U.K. vegan chain, backed by Formula 1 driver Lewis Hamilton, is targeting growth in Italy, the U.S. and the Middle East.

    By May 30, 2023