Finance

SPAC founders had been looking for quick-service, small-dining-room brands

Sun Capital Partners-owned FIC Restaurants announced the bankruptcy asset sale of Friendly’s in November

SPAC headed by restaurant execs is shopping for a smart foodservice company

Biden was scheduled to outline the American Rescue Plan, which also includes $15 billion in a new grant program for small business owners, on Thursday night

The RESTAURANTS Act is still needed to provide industry-wide relief