Finances and Deals: Page 3

  • A young woman customer placing her order at a fast food convenience restaurant.
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    YinYang via Getty Images
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    How 5 QSR giants are tackling menu pricing, strategy

    McDonald’s, Starbucks and Wendy’s took price between 6% and 10% in 2022, and experts expect prices to rise further as chains face economic headwinds. 

    By Restaurant Dive Team • March 23, 2023
  • A remodeled McDonald's.
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    garett_mosher via Getty Images
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    McDonald’s franchisee declares bankruptcy following rape lawsuit

    Rice Enterprises filed for Chapter 11 protections over a year after it was sued over an alleged rape of a 14-year-old employee by a manager. 

    By March 20, 2023
  • Popeyes unveils new brand identity, pilots store redesign
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    Courtesy of Popeyes
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    Popeyes franchisee files for bankruptcy following founder’s death

    Premier Cajun Kings marks the third franchisee within the Restaurant Brands International’s system to file for Chapter 11 bankruptcy protection this year.

    By March 16, 2023
  • A round sign with the words Burger King on it.
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    Justin Sullivan via Getty Images
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    Second major Burger King franchisee declares bankruptcy

    Meridian Restaurants Unlimited, which operates over 115 Burger Kings in nine states, cited rising costs and decreased foot traffic as the main drivers of profitability and cash flow trouble.

    By March 9, 2023
  • Just Salad CFO Jared Garber
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    Permission granted by Just Salad
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    Just Salad taps Goldman Sachs vet as CFO

    Jared Garber joins the company during the fastest growth period in its 17-year history, and will lead the chain’s financial operations as it scales up.

    By March 6, 2023
  • Corner Bakery storefront
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    Thai Phi Le/Restaurant Dive
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    Corner Bakery files for Chapter 11 bankruptcy

    The cafe chain’s Wednesday filing brings an end to a two-year period with few major restaurant bankruptcy announcements. 

    By Feb. 24, 2023
  • An image of a robot at Loyola Marymount University
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    Permission granted by Kiwibot
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    Kiwibot secures $10M in financing to support growth

    Through a partnership with Kineo, the delivery robotics company will use the alternative financing to support manufacturing and scale of its robotics fleet. 

    By Feb. 22, 2023
  • An image of a customer entering a Cava restaurant.
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    Mario Tama via Getty Images
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    Why 2023 isn’t the best time for restaurants to go public

    Cava filed a confidential IPO earlier this month and other restaurants are rumored to go public this year, but analysts are worried about chains’ compressed margins and profitability struggles.

    By Feb. 21, 2023
  • An image of a Subway sandwich in a plastic package.
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    Courtesy of Subway
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    Subway confirms it is looking to sell

    The sandwich chain has enlisted JP Morgan to advise its sale exploration process, but did not offer estimates of when the sale might occur.

    By Feb. 14, 2023
  • An Uber Eats order is handed to an end customer.
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    Courtesy of Uber
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    Uber One subscription is boosting delivery spend, frequency and user loyalty for Uber Eats

    Delivery made up 34% of Uber’s revenue, and ongoing investment in non-restaurant categories, like grocery, c-store and alcohol, may help growth.

    By Feb. 9, 2023
  • Uber Eats app functionality in stadiums
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    Permission granted by Uber Eats
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    Uber Eats to back community development loans for Black-owned restaurants

    The delivery aggregator will partner with the Local Initiatives Support Corporation to provide financing to Black restaurant owners in disadvantaged neighborhoods.

    By Feb. 8, 2023
  • An image of a Cava with a mobile order pickup
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    Julie Littman/Restaurant Dive
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    Cava files confidential IPO

    The fast casual chain appears to be the first major restaurant chain to seek an IPO this year.

    By Feb. 6, 2023
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    yaoinlove via Getty Images
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    McDonald’s will lean into chicken, coffee to grow diner frequency

    The core menu categories pose significant growth opportunity, McDonald’s executives said Tuesday, as the chain aims to better compete with chicken-only chains and leverage coffee’s high margins. 

    By Jan. 31, 2023
  • A woman sits at a coffee table looking at a tablet.
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    andresr via Getty Images
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    Earnings instability has led to fewer restaurant lenders

    Despite institutions pulling back from offering loans to restaurants, CapitalSpring’s Erik Herrmann says there are other options.

    By Jan. 30, 2023
  • Burger King gets a fresh look
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    Courtesy of Burger King
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    90-unit Burger King franchisee files for bankruptcy

    Toms King Holdings felt the pinch on cash flow due to increased shipping and food costs, inflation and decreased availability of labor. 

    By Jan. 5, 2023
  • A promotional image for Freshii's coffee beverages.
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    Courtesy of Freshii
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    Freshii sells to Foodtastic for $54.5M

    Cash-strapped Freshii, which operates 37 U.S. locations out of 330-plus North American stores, marks Foodtastic’s second restaurant buy this month. 

    By Dec. 19, 2022
  • The logo for Nick the Greek, a fast casual chain now controlled by Anil Yadav.
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    Courtesy of Nick the Greek
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    Jack in the Box’s largest franchisee buys Nick the Greek

    Anil Yadav’s YTG Enterprises has acquired a controlling stake in the 48-unit chain just over a year after it bought Taco Cabana for $85 million. 

    By Dec. 13, 2022
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    Courtesy of MarginEdge
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    MarginEdge secures $45M in capital

    The capital infusion, which the restaurant tech firm will use to grow its team and improve its core products, brings its total funding to over $70 million. 

    By Dec. 8, 2022
  • An image of two pizzas in front of a pizza oven.
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    Courtesy of Bertucci's
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    Bertucci’s declares bankruptcy for second time

    The casual pizza chain blamed the impact of the COVID-19 pandemic, inflation, sales declines and increased expenses for the Chapter 11 filing.

    By Dec. 6, 2022
  • An image of a building with Fuzzy's Taco Shop logo.
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    Courtesy of Dine Brands
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    Dine Brands to buy Fuzzy’s Taco Shop for $80M

    The acquisition is the first for Dine Brands since it was founded in 2007, and adds a third restaurant to its portfolio. 

    By Dec. 5, 2022
  • An image of a Le Pain Quotidien cafe
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    Jack Taylor via Getty Images
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    Le Pain Quotidien, The Little Beet, Table By Little Beet combine to form Convive Brands

    The company will encompass 70 restaurants, which were previously operated by Aurify Brands, under CEO Jon Weber’s leadership. 

    By Nov. 21, 2022
  • Yum Brands sells Russian KFC units, exits country

    Smart Service, which is operated by local KFC franchisees in Russia, will be responsible for rebranding 1,000 units to non-Yum concepts. 

    By Oct. 25, 2022
  • An image of a red vending machine that serves burgers.
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    Courtesy of RoboBurger
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    RoboBurger secures $10M investment to support growth

    The funds from Promethean Investments will help RoboBurger, which opened a pop-up in March, scale production of its second-generation cooking robot.

    By Oct. 20, 2022
  • An image of an indoor mini golf course with neon lighting
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    Permission granted by Puttshack
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    Puttshack raises $150M in capital to support rapid US growth

    With capital from funds managed by BlackRock and support from Promethean Investments, Puttshack plans to open nearly a dozen U.S. units through 2023.

    By , Oct. 11, 2022
  • A stock image of a Pizza party
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    Maria Korneeva via Getty Images
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    Pizza robot truck startup Stellar snags $16.5M from Jay-Z

    The funding from Jay-Z’s Marcy Venture Partners was reported by multiple outlets, and follows an earlier $9 million round led by other investors.

    By Oct. 4, 2022