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Restaurant Industry News
308 posts
Arrowfly buys Prosper Company as restaurant leadership events become next growth engine
Arrowfly has acquired Prosper Company, adding two restaurant and hospitality leadership events to a portfolio already spanning more than 40 media brands and dozens of annual events as the Mountaingate Capital-backed group continues its buy-and-build strategy.
Sapphire Foods gets Rs 1.4cr Gujarat GST notice as Devyani merger advances
Sapphire Foods India Limited has received a Gujarat GST show-cause notice involving about â‚ą1.40 crore of disputed input-tax credit, adding another tax proceeding as the KFC and Pizza Hut operator progresses its proposed merger with Devyani International Limited and works to sustain its Q1 FY27 earnings recovery.
Darden Restaurants sales rise 5% as LongHorn growth outpaces Olive Garden
Darden Restaurants reaffirmed fiscal 2027 earnings guidance after a $3.2bn quarter, but LongHorn Steakhouse delivered substantially faster comparable growth than flagship Olive Garden.
Starbucks shuts 250 more stores as Brian Niccol deepens North America reset
Starbucks is closing approximately 250 North American coffeehouses and expects about $300 million of restructuring charges, extending Brian Niccol’s turnaround even as comparable sales and customer traffic recover.
RAVE Restaurant stock plunges despite record profit as Pizza Inn growth faces new test
RAVE shares plunged despite record profit as Pizza Inn growth, weaker fourth-quarter sales and a new board dispute reshape the outlook.
Major Wendy’s franchisee with 314 restaurants files Chapter 11 as burger chain struggles
Meritage Hospitality Group, one of the largest Wendy’s franchise operators in the United States, has entered Chapter 11 after restaurant profitability deteriorated sharply, putting new attention on Wendy’s wider sales decline and turnaround.
Dave & Buster’s (NASDAQ: PLAY) crashes 19% as arcade traffic turns into a balance-sheet test
Dave & Buster’s revenue fell 2.4%, comparable sales dropped 2.9% and adjusted EBITDA slid almost 24%, sending the shares to $6.86 even as management pointed to improving trends and positive free cash flow.
Starbucks weighs $3bn Japan stake sale as global restructuring deepens
Starbucks is considering selling a majority stake in its Japan business in a transaction that could value the operation at around $3 billion, Reuters reported, as Chief Executive Brian Niccol continues reshaping the coffee giant’s international model.
OMAKAI Sushi plans Chicago debut as Orlando and Brickell expansion accelerates
OMAKAI Sushi is preparing its Chicago debut while adding locations in Orlando and Miami’s Brickell district, pushing the restaurant group beyond the South Florida market where its accessible omakase model was built.
Yo-Chi opens Balaclava store as Australian frozen yogurt chain targets global scale
Yo-Chi opens Balaclava as the Australian frozen yogurt chain targets 150 stores and a potential 400-plus global network across major markets.