May 26, 2023
Chipotle Founder Reportedly Creating Robotic Restaurant as Eateries Tap Automation
With restaurants testing out different automated technologies, trying to get a sense of how much labor they can outsource to machines without compromising on quality or alienating consumers, Chipotle founder...
May 26, 2023
Restaurants Push Rewards as Digital Growth Stalls
After a surge in digital engagement with restaurants in the early stages of the pandemic, consumers around the world, it seems, have been pulling back, prompting restaurants to step up...
May 26, 2023
Report: VC Firms Gearing Up for Investments in Healthcare
Venture capital (VC) firms are reportedly gearing up for further investments in healthcare. The pace of VCs’ fundraising for investments in the healthcare sector this year exceeds that of 2022,...
May 26, 2023
Midsized Restaurant Chains Grapple With Reliance on Third-Party Aggregators
As major restaurants build out extensive digital platforms to compete with third-party restaurant aggregators, smaller chains are left in a bind. Take, for instance, fast-casual Mediterranean brand Cava, which has...
May 25, 2023
FinTech IPO Index Slips 2.4% as OneConnect, Lufax Decline After...
The last of the earnings reports are trickling in across the FinTech IPO Index, with more decliners than gainers, which in turn helped send the index down 2.4% for the...
May 24, 2023
Chipotle Leverages Video Game Rewards for Deeper Connection With Diners
As Chipotle looks to build deeper relationships with its customers, the restaurant is tapping cross-brand rewards to connect with gamers. The Newport Beach, California-based fast-casual chain, which has more...
May 24, 2023
Citigroup Plans IPO for Mexican Banking Unit Banamex
Citigroup says it has decided to take its Mexican retail banking unit Banamex public. The lender announced Wednesday (May 24) it plans to pursue an initial public offering (IPO) for...
May 24, 2023
Fast-Casual Brands Prepare IPOs as Sector Bounces Back
With fast-casual chains’ stocks outperforming the restaurant industry, more brands, including Panera and Cava, are looking to capitalize on the industry’s recovery. Panera Brands, a group encompassing fast-casual bakery-café chain Panera Bread, Einstein Bros....
May 23, 2023
Panera Brands Announces Leadership Changes Ahead of ‘Eventual IPO’
Panera Brands is making some leadership changes to prepare for its “eventual IPO.” The head of one of its brands, Einstein Bros. Bagels President and CEO José Alberto Dueñas, will become Panera Brands CEO July 1,...