Restaurant
Krispy Kreme Seeks Roughly $4 Billion Valuation in IPO
FINANCE JUNE 22, 2021 BEN COLEY The doughnut chain is offering 26,666,667 shares at a price of $21 to $24 per share. Krispy Kreme hopes to raise between $560 million to $640 million through its IPO, according to an SEC filing. The doughnut chain is offering 26,666,667 shares at a price of $21 to $24…
Read MoreThe Hottest Commodity In Retail For The Foreseeable Future: Drive-Thrus
HoustonRetail May 6, 2021 Christie Moffat, Bisnow Houston Drive-thrus were the life raft that kept many fast-casual and quick-service restaurant chains afloat during the most difficult days of the coronavirus pandemic. As major brands continue to come up with new and inventive ways to expand and improve their drive-thru offerings, more traditional dine-in restaurants are also pivoting to incorporate drive-thru…
Read MoreGalatoire’s is Opening a New French Quarter Restaurant for a New Dining Experience
Source: NOLA.com Ian McNulty/ Staff Writer Waiter Vincent Composanto carries a tray of appetizers from the kitchen to guests at Galerie de Galatoire, an expansion of historic Galatoire’s Restaurant, Saturday, May 8, 2021, in the French Quarter. The space is designed as a private dining venue for flexible use. STAFF PHOTO BY SCOTT THRELKELD From its…
Read MoreFederal Government Says Employers Can Mandate COVID Vaccinations
ASKING FOR PROOF OF A COVID VACCINATION DOESN’T COUNT AS A DISABILITY-RELATED QUESTION. DECEMBER 2020 BEN COLEY Employers are allowed to require COVID vaccinations and ban employees from the workplace if they choose to opt out, according to guidance from the U.S. Equal Employment Opportunity Commission (EEOC). The American Disabilities Act (ADA) limits an employer’s ability…
Read MoreRetailers’ best e-commerce asset may be their brick-and-mortar stores
Source: Retail Dive: Daphne Howland Dive Brief: In yet another trend accelerated by the pandemic, BOPIS services have surged, with 40% of retailers now offering the service, compared to just a quarter last year, according to an emailed report from omnichannel platform NewStore. More than half (55%) offer in-store returns of online purchases, the firm…
Read MoreHow Restaurants Can Approach an Exit Strategy
If the restaurant is facing double-digit reductions in revenue, a decrease in staffing, and no immediate path to recovery, then the operator needs to contact a professional, Webb says. Source: NRN BEN COLEY October 2020 With colder months ahead and a second wave of COVID-19 predicted by some public health officials, the path forward for…
Read MoreFormer Jamba and Barcelona/Bartaco executives launch new blank-check company
Source: Lisa Jennings for NRN A group of veteran restaurant operators and investors on Friday filed for an initial public offering with the goal of raising $200 million with a new blank-check company that will likely target the restaurant industry, according to filings with the Securities and Exchange Commission. Tastemaker Acquisition Corp. is the latest…
Read MoreMore Pain Ahead for Landlords as Restaurant Bankruptcies Poised to Balloon in Coming Months
Source: CNBC / Lauren Thomas/ Amelia Lucas Industry analysts and restructuring experts say another wave of restaurant bankruptcies is looming, as government funds run out and the cooler months roll around, making outdoor dining less viable. “Pre-pandemic, you were already over-saturated with restaurants,” said Michael Jerbich, president of B. Riley Real Estate. “Then the pandemic…
Read MorePopeyes’ Next Act: Become a Global Icon
The chicken chain has had one of the most incredible years in quick-service history. What’s the follow-up? Becoming a household name all over the world. FAST FOOD | AUGUST 2020 | SAM OCHES POPEYES Is a Popeyes takeover coming? McDonald’s Big Mac. Burger King’s Whopper. KFC’s Original Recipe. Arby’s Classic Roast Beef. Dairy Queen’s Blizzard. The…
Read MoreCracker Barrel Trimming Menu to Make Room for New Dishes – NRN
Source: Nations Restaurant News| Nancy Luna @fastfoodmaven Cracker Barrel Old Country Store is joining the growing list of restaurant chains deleting menu items to simplify operations during the coronavirus pandemic. The Lebanon, Tenn.-based comapny, which reported a 41.7% decline in same-store sales in the second quarter, has streamlined its menu for both guests and employees by…
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