First Nextbite was sold to SBE CEO Sam Nazarian — who heads the parent company of (former) competitor and fellow virtual restaurant company group, C3. Now it looks like Virtual Dining Concepts’ prized virtual brand centerpiece, MrBeast...
Taco Bell has been called a “bully” by some in light of its legal tussle over the “Taco Tuesday” trademark with the much, much smaller Taco John’s. And no doubt it could be considered a bit of a David and Goliath-like situation; Taco...
The technology sector across multiple industries is facing mass layoffs amid macroeconomic uncertainty – from the tech giants like Amazon, Google and Meta, down to unicorn startups. Now restaurant tech seems to be joining them. After several years...
Cava Group Inc., parent to the 263-unit fast-casual Mediterranean brand, made its public market debut Thursday with shares trading at more than $44 a share at midday, well above its announced pricing of $22 a share...
The Consumer Price Index experienced a 0.1% increase in May, marking its slowest annual rate increase since March 2021. By comparison, the index rose 0.4% in April and has averaged a 4% increase throughout the past 12 months...
SBE Hospitality Group and virtual brand platform C3’s founder and CEO Sam Nazarian has acquired Nextbite, just days after Nation’s Restaurant News reported that Nextbite’s order management arm, Ordermark, had been sold off to Indian...
New York City just passed a minimum wage law for restaurant delivery workers — the first of its kind in the country — that would require app-based food delivery platforms to pay their delivery workers $19.96 per hour, which is almost triple the...
The alcohol to-go business became a critical lifeline for an untold number of restaurants during the pandemic. So critical, in fact, big money was thrown at the business in 2020 and 2021. Uber, for instance, bought Drizly for $1.1 billion in 2021...
Taco Bell has long been a favorite restaurant of vegetarians, and for good reason: Its food is inexpensive, flavorful, and literally full of beans. The seasoned legumes are a regular protein option, which means customers can fully enjoy a real...
Zume — once the preeminent name in pizza technology that made headlines and millions in startup funding in 2017 — has shut down more than three years after pivoting away from robot technology to sustainable packaging development...
