Red Robin Refinances $115 Million Credit Facility After Selling 108 Restaurants
Red Robin refinances $115M debt after selling 108 restaurants, with Pace calling it a 'stronger financial foundation.'
CLAY TRIBUNE / THE ARCHIVE
Tag: restaurant industry
Starbucks Adds Aerocano, Chipotle Tops 1,500 Chipotlanes, and TGI Fridays Returns to US TV
Starbucks launches the Aerocano, Chipotle hits 1,500 Chipotlanes, and TGI Fridays signs its first US expansion deal in a decade.
Starbucks Closes 250 Stores, Burger King Reconsiders Drive-Thru AI, Olive Garden Posts Strong Sales
A chronicle of chain restaurant woes: KFC's Open House, Starbucks closures, and Burger King's AI drive-thru rethink.
Yardbird Files for Chapter 11 Bankruptcy, Listing Debt in Its Filing
Yardbird files for Chapter 11 bankruptcy, citing $25 million in debt from expansion and the pandemic. A sale to a lender is lined up.
Chipotle Invests in Palantir Risk Platform, Wonder Cuts 500 Jobs, Blackbird’s Crypto Pitch Stalls
Chipotle spends millions on a risk platform, Wonder cuts 500 jobs, and Blackbird's crypto pitch stumbles in Washington.
Chipotle’s New Apprenticeship Program, LeBron’s Stake in Mike’s Red Tacos, and DoorDash’s Grubhub Campus Deal
Chipotle expands its apprentice program, LeBron James invests in Mike's Red Tacos, and DoorDash buys Grubhub's campus dining.
Denny’s Closes Five More Restaurants as Franchisee Plans Chapter 7 Bankruptcy
Denny's closes 5 more locations in Minnesota and Wisconsin as franchisee M15 Inc. plans Chapter 7 bankruptcy, adding to 150 shutdowns since 2024.
Troy Hooper Exits the Pepper Lunch U.S. CEO Post to Advise the Brand Instead
Troy Hooper steps down as Pepper Lunch U.S. CEO, moving to strategic advisor as parent company's Group CEO takes over North American operations.