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finance

Technology

Dynamic pricing startup Juicer raises $5.3M

 By Joe Guszkowski on Apr. 09, 2024

The company uses AI and historical sales data to adjust restaurants' menu prices in real time.

Financing

Blackstone is said to be pursuing a purchase of Jersey Mike's for around $8B

 By Peter Romeo on Apr. 05, 2024

The sandwich chain is reportedly open to a deal with the private equity firm or another suitor, according to media reports, though talks have cooled more recently.

Workforce

Tired of soaring wage rates, a Florida burger joint is turning its employees into co-owners

By Peter Romeo on Apr. 04, 2024

Jaws Jumbo Burgers plans to sell 30% of future units to the staffs who'll run them.

Leadership

Outback Steakhouse parent Bloomin' Brands promotes Michael Healy to CFO

By Joe Guszkowski on Apr. 04, 2024

The longtime Bloomin’ official was most recently the company’s head of global business development. He replaces Chris Meyer, who is retiring.

Financing

Despite last week's reduction offer, Mastercard is increasing some credit-card fees

By Peter Romeo on Apr. 03, 2024

A business group learned the financial giant intends to increase what it collects from associated banks, signaling a possible bump in what merchants are charged. But Mastercard stresses that the changes are unrelated to swipe fees.

Operations

BurgerFi defaults on its credit agreement

By Lisa Jennings on Apr. 01, 2024

The parent company of the BurgerFi and Anthony's Coal Fired Pizza & Wings restaurant chains fell out of compliance with its loan agreement amid weak sales and financial losses. But the CEO insists turnaround efforts are taking hold.

Emerging Brands

Punch Bowl Social plans growth with two acquired concepts

By Lisa Jennings on Mar. 29, 2024

Chicago-based eatertainment chain Punch Bowl Social has acquired two new brands that it plans to grow. One is karaoke-concept Voicebox and the other is an immersive art experience called Sweet Tooth Hotel. Both have cocktail bars.

Financing

Minor league baseball players indicted for insider trading on the 2022 Del Taco sale

By Jonathan Maze on Mar. 27, 2024

Jordan Qsar, Grant Witherspoon, Chase Lambert and Austin Bernard were accused of trading stocks after learning that the Mexican restaurant chain would be sold to Jack in the Box.

Operations

MasterCard and Visa offer temporary reductions in swipe fees

By Peter Romeo on Mar. 26, 2024

The credit card giants have agreed to roll back the charges and freeze those rates for five years. But industry advocates aren't enthused about the offer.

Financing

Chipotle announces a 50-for-1 stock split

By Jonathan Maze on Mar. 19, 2024

The fast-casual Mexican restaurant chain is also giving general managers and longtime employees a one-time equity grant. The stock split, the company's first in its history, will take place in June.

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