Features, News & Blogs
PeopleMatter receives $19M in capital funding
PeopleMatter announced it has closed a $19-million growth round of capital led by Scale Venture Partners, based in California. According to PeopleMatter CEO and president Nate DaPore, this additional capital will be used to accelerate the company's …
Restaurant operators optimistic about the months ahead
Driven by a more optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) rose to its highest level in five months. The RPI — a monthly composite index that tracks the health of …
Franchising industry shows improvement in January
The Franchise Business Index (FBI), an index of the economic health of the U.S. franchising industry, increased by 0.7 percent in January as nearly all components showed improvement. The International Franchise Association's index rose to 109.7 …
OLO receives $5M in funding thanks to mobile ordering growth
OLO, a digital commerce engine for restaurants, announced a $5 million dollar Series B financing from PayPal and existing investors. The New York-based company is hiring as it aggressively scales operations for 2013. OLO allows customers to order …
Chipotle announces stock repurchase authorizations
Chipotle Mexican Grill Inc. announced it has added an additional $100 million to the existing $100 million repurchase plan previously announced on Oct. 18. The company has repurchased about $40 million through Nov. 19 under the previously-announced …
Starbucks sets date for biennial investor conference
Starbucks Corporation will host its biennial investor conference on Dec. 5. Due to limited capacity, attendance at the event is by invitation only, however a live audio webcast of the conference, including slide presentations, will be accessible at …
GE Capital launches restaurant finance Web tool
GE Capital, Franchise Finance (GEFF) is rolling out a new Web tool, GE SmartChart, to its customers across the U.S. The tool was introduced at this week's Restaurant Finance & Development Conference in Las Vegas. GE SmartChart is designed to …
Fatburger owner settles lender dispute
Fog Cutter Capital Group Inc., parent company of Fatburger and Buffalo's Cafe, has settled a $5.1 million lawsuit filed by its lender, American Industries Inc. in March 2012. Under the terms of the settlement agreement, Fog Cutter will pay American …
Despite softer September sales, restaurant operators more optimistic
As a result of softer same-store sales and customer traffic levels, the National Restaurant Association's Restaurant Performance Index (RPI) declined in September. The RPI — a monthly composite index that tracks the health of and outlook for …
Restaurant traffic, sales up for 15th consecutive month
Buoyed by stronger same-store sales and customer traffic levels, the National Restaurant Association's Restaurant Performance Index (RPI) posted a modest gain in August. The RPI – a monthly composite index that tracks the health of and outlook …
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