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Nation's Restaurant News
Trending this week: Yum Brands franchisee acquires Au Bon Pain; Restaurant operators rethink alcohol service as COVID-19 pandemic fades
NRN staff Jul 01, 2021

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The SBA just canceled another round of restaurant relief payments: Here’s what we know so far
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On Wednesday, an unknown number of previously approved Restaurant Revitalization Fund applicants received rejection letters.

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SBA remains silent on Restaurant Revitalization Fund confusion
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Some recently rescinded applicants received the promised funds in their bank accounts the next day, while others were told that their application is now being completely rejected.

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Red Lobster CEO Kim Lopdrup announces retirement plans

Leader will stay on until casual-dining restaurant chain finds a replacement. 

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Working Lunch: National Restaurant Association policy head breaks down SBA logjam
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Plus, a look at the overall economic health of the restaurant industry.

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Punch Bowl Social names Robert Cornog and Richard Flaherty co-CEOs as the chain emerges from bankruptcy

Cornog also is the chairman of the chain, which was purchased in April by its former senior secured lender, CrowdOut Capital.

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Famous Dave’s parent company BBQ Holdings to buy the parent of Village Inn and Bakers Square for $13.5 million

The transaction is expected to be concluded near the end of July.

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Menu Tracker: California Pizza Kitchen, Dunkin’, Taco Bell, Wendy’s and Noodles & Company test new items

Plus innovation at Bartaco, Carl’s Jr. and Hardee’s, Golden Chick, The Habit Burger Grill, Papa Murphy’s, Popeyes Louisiana Kitchen, Qdoba Mexican Eats, Roy Rogers Restaurants, Smashburger, Velvet Taco, Voodoo Doughnut and Wow Wow Hawaiian Lemonade.

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Fat Brands to acquire Hot Dog on a Stick and Marble Slab Creamery parent company Global Franchise Group

Fat Brands announces imminent acquisition of Global Franchise Group for $442.5 million. 

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Restaurant operators rethink alcohol service as COVID-19 pandemic fades

Some off-premises programs will fade away, but other new strategies are taking hold. 

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Yum Brands franchisee Ampex Brands acquires Au Bon Pain

The purchase from Panera Bread includes $60 million in assets and was finalized June 29. 

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Trending this week: IHOP introduces a Wonka-inspired menu
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