LongHorn Steakhouse surpassed $1 billion in quarterly sales for the first time, driven by strong value perception and menu innovation. Restaurant leaders can draw key lessons for thriving when consumer price sensitivity is high.
Jun 25, 2026
Founders Table Restaurant Group acquires fast-casual leader Hopdoddy Burger Bar, expanding its reach to over 200 restaurants and accelerating operational growth across the platform.
Jun 25, 2026
Inspire Brands is preparing for an IPO aiming for a $20B valuation. Discover how giants like Arby’s, Sonic, and Dunkin’ are performing as part of this dynamic portfolio.
Jun 25, 2026
World Cup promotion strategies help restaurants drive reservations, repeat visits, group orders, takeout, and stronger revenue across every tournament stage.
Jun 24, 2026
Miso Robotics has acquired Zume Pizza’s technology deck, giving new life to pizza automation and food robotics for forward-thinking restaurant operators.
Jun 24, 2026
A restaurant is ready to franchise when its systems, numbers, brand, training, supply chain, legal structure, and support can scale.A restaurant is ready to franchise when its systems, numbers, brand
Jun 23, 2026
Carl's Jr. has launched a "Pass on Jack" marketing campaign rewarding loyalty members with a free Sourdough Star burger for driving past a Jack in the Box to reach a Carl's Jr. location- a direct shot at its California-based burger rival.
Jun 24, 2026
Illinois offers strong restaurant opportunities across Chicago, suburbs, college towns, and tourist markets when concept, demand, and costs align profitably.
Jun 24, 2026
Estepp Energy, known for multi-unit brands like Little Caesars, is adding PJ's Coffee to its Kentucky convenience stores, marking a strategic expansion into specialty coffee.
Jun 24, 2026
Discover how the Korpal brothers are driving Golden Chick's expansion across Texas with innovative operational strategies, team culture, and community engagement.
Jun 24, 2026
Explore the recent court-approved asset sale of BurgerFi and its corporate restructuring following Chapter 11 bankruptcy.
BurgerFi, a well-known restaurant chain, recently made headlines with the court-approved sale of its assets from both Anthony’s Coal Fired Pizza and BurgerFi brands. The approval came shortly after the company's Chapter 11 bankruptcy filing, signaling a significant restructuring phase for the business. The sale involved a credit bid of $44 million for Anthony’s Coal Fired Pizza assets and $10 million for BurgerFi assets, both acquired by TREW Capital Management Private Credit 2 LLC. This strategic move aimed to address the financial challenges and pave the way for a more sustainable future for the company.
One notable development during this restructuring phase was the departure of Carl Bachmann from BurgerFi. Bachmann, the former Chief Executive Officer, left the company on November 15 and joined the purchaser of the Anthony’s Coal Fired Pizza assets. Importantly, the company clarified that Bachmann's departure was not due to any disagreements on operational matters. Bachmann had been instrumental in leading BurgerFi since July 2023, navigating challenges such as accumulated debt and restaurant closures.
BurgerFi's decision to explore 'strategic alternatives' this year and entering into a forbearance agreement with creditors highlighted the complexities the company was dealing with. Despite Bachmann's efforts and a solid turnaround plan, external factors in the macroenvironment posed obstacles. The hiring of Jeremy Rosenthal as the Chief Restructuring Officer in August signified a shift in the company's approach towards financial reorganization. Rosenthal's role was crucial in negotiating and executing key decisions during the bankruptcy proceedings.
Securing $3.5 million in financing from TREW Capital was a pivotal moment for BurgerFi, ensuring continued operations during the bankruptcy process. This injection of capital provided stability and the necessary resources to navigate the challenging financial landscape. The asset sales and financial restructuring marked a new chapter for BurgerFi, setting the stage for potential growth and stability moving forward. By addressing debt, closing underperforming locations, and streamlining operations, the company aimed to emerge stronger and more resilient.
