Meet the Investors Funding the Fast-Casual Boom

Andrea Strong | Eater | December 13, 2017 In early October, Danny Meyer made a big announcement. It wasn’t about tipping, or another iteration of the Shake Shack hot chicken sandwich. This one was different. He would be entering the world of private finance, starting a $200 million investment fund, with stakes in reservation-making app Resy and the New York City-based

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The Inflated Promise of the American Food Hall

Elizabeth Dunn | The New Yorker | November 29th, 2017 In 2010, the chef Todd English opened an indoor market in the basement of the Plaza Hotel, in Manhattan. Back then, the term “food hall” was still largely alien to many Americans. It belonged to Britain, to describe the section of a department store where one might

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Interest In Buying Restaurants Persists, Despite Weak Sales

Jonathan Maze | Nation’s Restaurant News | November 15th, 2017 Declining same-store sales and traffic, and growing fears of an upcoming recession, have not scared off investors in restaurant concepts and franchisees, bidding up the prices for companies well past historical norms. That, at least, was the general sentiment among attendees at this week’s Restaurant Finance &

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Big Data Dining: Where Everybody Knows Your Name

Mark Caro | Chicago Magazine | November 13th, 2017 They find your photo online and study it so they’ll recognize you when you walk in the door. They Google you and check you out on LinkedIn, Facebook, and Instagram to see what you do for a living and to take note of your interests and passions.

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Restaurants Put The Brakes On Growth

Jonathan Maze | Nation’s Restaurant News | November 10th, 2017 Chains are slowing growth and cutting units in 2017 amid weak sales and traffic. After years of seemingly unstoppable growth, the restaurant industry has stepped on the brakes in 2017. Several chains in their latest earnings calls have said they plan on slowing unit growth or stopping it altogether amid

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A kitchen staffer at “The Star” pizzeria  prepares a pizza for delivery by DoorDash in San Jose, California, U.S. in this handout photo

DoorDash Opens Silicon Valley Home For ‘Virtual’ Restaurants

Lisa Baertlein | Reuters | October 30th, 2017 LOS ANGELES (Reuters) – After helping customers bypass dining rooms, food delivery company DoorDash is giving chefs the option to do the same with delivery-only “virtual” restaurants run out of its new commissary in Silicon Valley. Bay Area restaurateur Ben Seabury, who wanted to test the delivery-only concept

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Here Are Chicago’s Top-Earning Restaurants

David Matthews | DNAinfo Chicago | October 30th, 2017 DOWNTOWN — Gibsons Bar & Steakhouse grossed nearly $25 million last year, tops among all Chicago restaurants, according to a new study. The venerable Rush Street steakhouse is one of nine Chicago restaurants on Restaurant Business’ list of the top 100 independent restaurants in the country. That’s down from 10 in

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UberEats Nudges Operators Toward Virtual Restaurants

Lisa Jennings | Restaurant Hospitality | October 19, 2017 Chicago pizzeria owner Simon Mikhail had been working with UberEats for about a year when the third-party delivery service approached him last year with a proposition. UberEats users in his neighborhood had been searching for “chicken” through the delivery service’s app, they told him, but there

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Restaurant Rivals Aren’t Who You Think They Are

Lisa Jennings | Restaurant Hospitality | October 10, 2017 The already heated competition for butts in seats in the independent restaurant industry is about to get hotter. But the biggest threat to market share comes not from the restaurant down the street, but from outside the industry. Restaurant operators may soon see themselves losing guests

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No New Bars In River North? New Law Could Mean Last Call

David Matthews and Tanveer Ali | DNAinfo | October 11, 2017 RIVER NORTH — It could be last call for more alcohol in River North. The City Council voted Wednesday to prohibit new liquor licenses in much of the neighborhood long known for its nightlife. Citing an “over-concentration” of bars in the area, the new law introduced by 42nd Ward Ald.

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