Finance

In a surprise announcement, family dining chain Cracker Barrel revealed July 23 it has entered into a strategic partnership with

Red Robin said it is carefully reviewing a proposal from Vintage Capital Management, LLC to acquire all of the burger chain’s outstanding stock for $40 per share in cash.

A new bill, which would increase the federal minimum wage from $7.25 to $15, passed July 18 in the U.S. House of Representatives.

A popular Charlotte-based breakfast chain is going through a rough patch at some of its franchise locations.

If you examine the past decade, the reality hasn’t changed all that much for restaurants. Guest counts have declined as brands flood units into a saturated system.

Perkins franchisee Campbells Land Co. Inc declared bankruptcy July 8, listing $10 million to $50 million in liabilities to more than 200 creditors, according to court filings.

Citing “progressive wage laws,” Sun Capital partners-owned Restaurants Unlimited Inc. filed for bankruptcy protection July 6 in the U.S. Bankruptcy Court in the District of Delaware.

Two top executives at Diversified Restaurant Holdings—one of the largest Buffalo Wild Wings franchisees—resigned as part of a restructuring, the company announced July 3.

After failing to comply with its franchise agreement, one of Perkins’ largest operators could be forced to close 26 locations. 

Food distributor Performance Food Group shook up the space July 1, agreeing to acquire privately held Reinhart Foodservice for $2 billion.