Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

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Financing

Pinstripes goes public after merging with a SPAC

The bowling-and-bocce concept raised $70 million and merged with the special purpose acquisition company Banyan Acquisition Corp.

Financing

Restaurant stocks finished 2023 on a high note

The Bottom Line: Industry stocks performed roughly in line with the broader markets last year, with much of the gains coming in the last three months.

The Bottom Line: Two California Pizza Hut operators are getting rid of their own delivery services in advance of the state’s fast-food minimum wage. The potential implications of that move are enormous.

The smoothie chain is reportedly exploring a sale for as much as $2 billion, the latest indication of a warming restaurant M&A market.

Here are the year’s best stories from RB editors, featuring everything from key menu trends to major investigations, inside stories of major regulatory efforts and fascinating new technology.

The Bottom Line: The test of the drive-thru beverage concept has generated a huge amount of attention and interest. But its ability to become a real competitor in the beverage market will depend on how it does in two years.

A Deeper Dive: This special look back at 2023 features clips from some of the year’s best episodes, including marketing, tipping, delivery, inflation and hot growth concepts.

A Deeper Dive: Bob Wright, CEO of the Chicago-based sandwich chain, joins the podcast to discuss the company’s recovery from the pandemic and its own organic struggles.

Laxman Narasimhan did not mention Israel or Hamas by name when, in a letter on Tuesday he said that “misinformation” about Starbucks’ position has helped lead to vandalism at its stores. “We stand for humanity.”

The company plans to survey its franchisees next year on their employment of minors in a bid to determine whether training or other resources on child labor are necessary.

The food-and-games chain, which also owns Peter Piper, is reportedly exploring a sale, three years after it emerged from bankruptcy.

The Bottom Line: The burger giant generates $16 billion in global delivery sales, more than any other quick-service restaurant chain.

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