finance

Emerging Brands

Ford's Garage is ready to step on the gas

The casual-dining chain will accelerate new openings in the coming years after finding strong demand for its retro, car-themed restaurants.

Financing

Cracker Barrel responds to scrutiny of employee travel rules

The family-dining chain clarified its meal policy after the Wall Street Journal reported that staff were instructed to eat at Cracker Barrel while on the road.

The Bottom Line: Two large franchisees blamed merchant cash advances on their recent bankruptcy filings and Fat Brands used it at least once. But the funds are expensive and dangerous.

The casual-dining operator will close 14 locations of the seafood brand and convert another 14 to other brands. It had been considering strategic alternatives for Bahama Breeze.

Many operators say they are trying to reduce their reliance on services like DoorDash and Uber Eats as they look to improve their profit margins. But the apps can be difficult to quit.

The casual-dining chain is looking to build on its recent success by offering performance-based incentives for GMs in the coming years.

The coffee shop giant’s chief executive, lured from Chipotle to turn the company around, received nearly $20 million in stock awards in addition to the use of an aircraft and housing expenses.

The Brazilian steakhouse chain is in a prime position to meet changing consumer habits, including more protein and greater use of GLP-1s, Barry McGowan said.

Valade was named CEO and president of the nonprofit less than a week after Denny’s was sold to TriArtisan Capital Advisors and other investors.

The acquisition by TriArtisan Capital, Yadav Enterprises and Treville Capital takes the diner chain private for the first time since 1997.

  • Page 1