Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

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Financing

Why consumers' views on value are changing

A Deeper Dive: This week’s episode of the restaurant finance podcast features Jen Meyers, growth strategy leader for the restaurant practice at Alvarez & Marsal, talking about consumer views on restaurants.

Financing

OneRyan Global acquires a controlling stake in Mr. Gatti's Pizza

The Texas-based pizza buffet chain is being sold to a family office investment firm of tax consultant Brint Ryan.

Biglari Holdings, whose stock has doubled over the past year, has filed to sell 11.5 million shares to provide the company with a “strategic reserve.”

The Bottom Line: The fast-food sandwich chain’s chief executive acknowledges that consumers are paying close attention to any changes the company makes under its new owners.

The Bottom Line: The bankruptcy filing of Sailormen is putting pressure on the fast-food chicken chain while proving that franchisors should pay close heed to their franchisees' finances.

Projections suggest the restaurant industry can expect a better year, buoyed by easier comparisons and tax law changes. But many other factors could inhibit that growth, and not everybody will benefit.

Ulyses Camacho was named chief transformation officer of the fast-food Mexican chain as Yadav Enterprises takes over ownership. Noah Chillingworth was named chief marketing officer.

Sailormen, which operates 130 locations of the fast-food chicken chain in Florida, struggled with heavy debt and liquidity challenges. But the company says the filing doesn’t reflect the state of the brand.

The Bottom Line: The public markets remain uncertain for restaurant chains, but several companies could go if it opens, and some are strong enough to go public now. Here’s a look at a few.

The doughnut chain had a brutal 2025 with the collapse of its McDonald’s partnership and the shift in focus to cutting costs and paying down debt. The company is planning on a calmer, and better, 2026.

A Deeper Dive: Martha Olmos, chief operating officer with Dave’s Hot Chicken franchisee Damm Fine Restaurant Group, joins the restaurant finance podcast to discuss picking and running good brands.

The Bottom Line: Portillo’s and Salad and Go both struggled in their bids to go big in Texas. They’re not the first restaurant chains to be enamored with the state and its growth only to stumble later.

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