Finances and Deals: Page 3


  • 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
  • Employees of the online review site Yelp watch as former New York City Mayor Michael Bloomberg speaks at the East Coast headquarters of the tech company on October 26, 2011 in New York City.
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    Spencer Platt via Getty Images
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    Activist investor may pressure Yelp to sell, reports say

    TCS Capital Management wants Yelp to explore strategic alternatives, such as selling itself, as a way to boost shareholder value, per The Wall Street Journal. 

    By May 23, 2023
  • Corner Bakery storefront
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    Thai Phi Le/Restaurant Dive
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    Private investor seeks $12M buyout of bankrupt Corner Bakery

    The stalking horse bidder, an affiliate of Wexford Capital, has proposed to buy the company during an auction expected to occur next week. 

    By May 23, 2023
  • Panera Bread storefront
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    Permission granted by Panera Bread
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    Panera Brands shuffles execs as it prepares to go public

    The company appointed Niren Chaudhary, current Panera Brands CEO, as chairman of the board and José Alberto Dueñas, current CEO at Einstein Bros. Bagels, as Panera Brands’ chief executive. 

    By May 23, 2023
  • An image of a customer entering a Cava restaurant.
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    Mario Tama via Getty Images
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    4 takeaways from Cava’s IPO filing

    The restaurant has been operating at a loss for several years, but has an aggressive growth plan to reach 1,000 units by 2032.

    By May 22, 2023
  • A photo of Restaurant365 staff.
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    Permission granted by Restaurant365
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    Restaurant365 raises $135M

    The restaurant tech firm said the money from L Catterton, KKR and previous investors would support further product development. 

    By May 19, 2023
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    "The image" by Mike Mozart is licensed under CC BY 2.0
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    Texas Roadhouse appoints Southwest Airlines vet as CFO

    Chris Monroe will lead Texas Roadhouse’s financial operations after a 30-year career at Southwest Airlines.

    By May 18, 2023
  • An image of Incentivio's online ordering platform
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    Retrieved from Incentivio on May 17, 2023
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    Incentivio lands $10M in funding to grow restaurant AI capabilities

    The guest engagement platform will use the funding to accelerate growth and invest in product, engineering and innovation for small- and mid-size eateries. 

    By May 18, 2023
  • An image of the top of a silver car that contains a rectangular logo with a red square and blue square.
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    Brandon Bell via Getty Images
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    Domino’s delivery drags on strong pricing and carryout

    With carryout growing, Domino’s plans to revamp its loyalty program to strengthen takeout options while creating value across channels.

    By April 28, 2023