Finance

Global franchising company FAT Brands first announced its intention to purchase the retro diner in August

Utah-based growth fund led by Andrew Smith announces investment in upscale fast-casual fried chicken brand and 2019 NRN Hot Concept winner; Savory to grow Crack Shack by three to five units in 2021.

Six restaurants have permanently closed since the onset of the pandemic; the 62-year-old brand looks to reorganize to deal with the catastrophic business impacts of COVID-19, the company said Monday in a statement.

Most of the permanent layoffs occurred in locations that are temporarily closed in Michigan, Oregon, Louisiana, and North Carolina

Starbucks Chief financial officer Patrick Grismer spoke about the company’s pandemic recovery strategy at J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum

Sadar Biglari nominates Briad Group CEO Raymond Barbrick; Cracker Barrel declined to endorse the nomination

Cracker Barrel Old Country Store Inc. reported a 39.2% decrease in same-store sales as full-service dining begins the slow climb back up from COVID-19-related challenges

Reorganization separates Legendary Baking from the two family-dining chains

Revenues also decreased 85%, reflecting the detrimental effects from nearly 25% of its portfolio remaining closed at the end of the quarter

Parent Cosmoledo LLC reportedly taps Aurify Brands as stalking horse bidder