Dave Shula Returns as President of Shula's Restaurant Group
Dave Shula rejoins Shula's Restaurant Group as president, leading growth into Palm Beach Gardens and a 2027 Thomasville, Georgia expansion.
Sep 23, 2026
Dave Shula rejoins Shula's Restaurant Group as president, leading growth into Palm Beach Gardens and a 2027 Thomasville, Georgia expansion.
Sep 23, 2026
McDonald's commits $8.5 billion through 2036 to modernize restaurants, boost cash flow by $100,000 per store, and grow chicken and beverage sales.
Sep 23, 2026
WKS Restaurant Group promotes Jay Spongberg to president and COO after he helped grow the company from 65 to 382 restaurants over 16 years.
Sep 23, 2026
Smokey Mo's BBQ names Von Dawson, a Dine Brands veteran, as VP of Franchise Development to lead its Texas expansion strategy.
Sep 23, 2026
Meritage Hospitality's Chapter 11 filing pulls 5% of Wendy's U.S. stores into bankruptcy, exposing cracks in franchising's bigger-is-safer bet.
Sep 21, 2026
Jack in the Box names Rachel Ruggeri to its board as Michael Murphy retires, amid a CEO transition and deal with investor GreenWood.
Sep 21, 2026
Improve restaurant Google Maps rankings by optimizing your business profile, selecting accurate categories, gathering reviews, adding photos, and strengthening local relevance signals.
Sep 21, 2026
Restaurant inventory tracking helps owners monitor stock, control food costs, reduce waste, improve purchasing, and make informed operational decisions.
Sep 21, 2026
Restaurant owners can significantly reduce restaurant costs by leveraging technology across inventory, labor, procurement, forecasting, and administrative operations for better profit margins.
Sep 18, 2026
Understand how to forecast restaurant revenue and expenses with methods for sales projection, cost scaling, fixed-cost planning, and risk buffering.
Sep 18, 2026
Unlock Exclusive Access To Webinars, Events, And The Latest News For Free!
Explore the recent acquisition of Olo and its significance in the tech industry, amidst a challenging market environment for tech companies.
Photo by Nag
In the challenging landscape of the tech market, many companies have faced setbacks and financial difficulties. Olo, despite its successful IPO, encountered its own share of struggles, leading to significant lay-offs in an effort to streamline operations and foster balanced growth. The decision to cut staff in both September and June 2023 aimed to position the company for a more sustainable future amidst market uncertainties.
Despite the challenges, Olo displayed promising financial results at the beginning of the year, with a notable 21% revenue growth in the first quarter. The company witnessed improvements in gross profit and a reduction in operating loss, showcasing its resilience and adaptability in the competitive tech sector. The recent acquisition of Olo is poised to enhance the company's growth trajectory and bolster its offerings for a wide array of global brands.
Photo by Nag
Noah Glass, the founder and CEO of Olo, emphasized the strategic vision behind the partnership with Thoma Bravo. By joining forces, Olo aims to leverage its existing success and accelerate its mission of enhancing customer experiences in the restaurant industry. The collaboration signifies a commitment to creating a seamless dining experience where every guest feels valued and recognized, reflecting Olo's dedication to innovation and customer-centric solutions.
Photo by Nag
The acquisition of Olo is part of a larger trend where hospitality-focused tech firms are being acquired to fuel industry growth and innovation. In a notable move, DoorDash acquired SevenRooms for a substantial amount this year, highlighting the increasing consolidation and competition within the tech landscape. The recent acquisitions by various companies underscore the evolving dynamics of the market and the strategic importance of securing key players in the industry.
Photo by Nag