Finance

Casual-dining brand agrees to deal with Ray Blanchette as it shutters underperforming locations

Data from Master Card shows that restaurant sales were up nearly 8% year-over-year, while traffic also appears to be gaining momentum.

Dining-entertainment brand also raises more than $70M to support growth

The report about Tropical Smoothie Cafe’s sale exploration comes the same week as a similar report about Chuck E. Cheese, signaling that restaurant M&A activity may be picking up.

The fast-casual segment managed traffic growth in November

The Strategic Organizing Center — which has nominated three directors to the Starbucks board — reacted to the release of the company’s labor rights report

Newk’s Eatery was quietly acquired by FSC Franchise Co. for an undisclosed amount.

Rick Brown joins Brix Holdings from TGI Fridays, where he spent the past 14 years.

The acquisition is intended as a base of expansion in the Northeast