Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

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Financing

Was Pizza Hut's shift away from full service a mistake? It's complicated

The Bottom Line: The pizza chain’s shift from a full-service model to takeout and delivery was the biggest service model shift in restaurant industry history. But it has not spurred the growth for which the company hoped.

Financing

A tale of two casual-dining chains

The Bottom Line: This week’s episode of the restaurant finance newsletter contrasts news about Chili’s and rival Ruby Tuesday, which are going in different directions.

MTF Enterprises, which operates locations in Pennsylvania, New Hampshire, Maine and Virginia, declared Chapter 11 bankruptcy after a merchant cash advance lender put a lien on its sales revenue.

The owner of Twin Peaks and Round Table Pizza won’t fight a delisting notice over its recent Chapter 11 bankruptcy filing. And yet its stock rose 20%.

The Week in Restaurants: This week’s episode of the restaurant news discussion podcast looks at Chili’s performance, Starbucks' strong earnings and the bankruptcy of Twin Peaks owner Fat Brands.

The Bottom Line: Most of the coffee chain’s customers still come into its shops, even if they have no intention of sticking around. That makes it important for those shops to be inviting.

The coffee shop giant this spring will reconfigure its Starbucks Rewards loyalty program to feature three levels that give members more personalized benefits and premium experiences.

The sandwich chain has hired advisors who could take the company public as soon as this year, according to Bloomberg. The chain could get a valuation of as much as $12 billion.

The Bottom Line: The casual-dining chain’s same-store sales have been on an unbelievable trajectory over the past two-plus years. Here are some key learnings from that performance.

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.

A Deeper Dive: Stephen Cohen, a real estate attorney, joins the restaurant finance podcast to talk about mall real estate and how the retailer’s bankruptcy could affect that.

The Bottom Line: The fast-food restaurant chain collector took a huge risk in buying up restaurant chains at peak value and with higher interest rates. Then the market turned south.

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