Jersey Mike's Seeks Up to $1.09 Billion in US IPO
Jersey Mike's Subs and its shareholders are looking to raise as much as $1.09 billion in an IPO. Bailey Lipschultz has more on "Bloomberg Open Interest."
Jersey Mike's Subs and its shareholders are looking to raise as much as $1.09 billion in an IPO. Bailey Lipschultz has more on "Bloomberg Open Interest."
Scott Drake, CEO of Chuck E. Cheese, discussed the company's strategy to connect with customers through family-friendly, clean, and safe entertainment options. He highlighted the success of the $99 birthday party offering, introduced in 2004, which has driven nearly 40% growth in birthday celebrations. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
David Rodolitz, Founder and CEO of VCR Group, joined the live broadcast to discuss the recent celebration held by the New York Knicks at the Flyfish Club following their NBA Finals victory. As the owner of the Flyfish Club, Rodolitz shared insights on the significance of hosting such a high-profile event, emphasizing the value of the extensive press coverage generated. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Darden Restaurants (NYSE:DRI) reported fourth quarter fiscal 2026 sales of $3.72 billion, an increase of 13.7% from the prior-year period.
Joel Montaniel, Co-Founder and CEO of SevenRooms, discussed the company's new platform, Channel Connect, which aims to simplify reservation management for restaurants by consolidating bookings from multiple channels into a single system. Unlike the hotel industry, where centralized booking systems are common, restaurants currently manage reservations across various apps and platforms, often using multiple devices, creating operational challenges. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Yum! Brands is selling the chain to private equity firm LongRange Capital. The deal is expected to close in the third quarter. Yum! will now focus more on its better-performing Taco Bell and KFC chains. Michael Halen of Bloomberg Intelligence is on "Bloomberg Open Interest."
Sysco Corp. is acquiring Jetro Restaurant Depot LLC for $29.1 billion from billionaire Nathan "Natie" Kirsh. The deal will create one of the largest food-service groups in the US. Liana Baker reports.
India's massive restaurant industry, which feeds and employs millions, faces severe disruption as gas shortages halt commercial supplies and force outlets to scale back their menus or shut. With most kitchens dependent on LPG cylinders, the crisis threatens small businesses and jobs. Zorawar Kalra, Vice President of the National Restaurant Association of India, discusses the fallout with Haslinda Amin and Menaka Doshi on Insight with Haslinda Amin.
Brett Schulman, Co-Founder and CEO of CAVA, discusses how the company has been able to outpace inflation and competitors while maintaining high-quality ingredients, convenient multichannel access, and a strong customer experience. He speaks with Romaine Bostick on "The Close."
Chip Wade, CEO of Union Square Hospitality Group, discusses trends in the fine-dining sector, highlighting increases in foot traffic and customer spending across the company's restaurants. He speaks with Romaine Bostick and Katie Greifeld on "The Close."