Restaurant News Roundup, 1/25/20
A recent survey of full-service restaurants show the sector has no shortage of challenges but still is thriving with an average profit margin of 11 percent. Read more here: https://www.fsrmagazine.com/finance/state-full-service-restaurant-industry
With consolidation increasingly the norm in the restaurant business, more mergers are taking place among growth chains buying up other growth concepts, such as the recent purchase by Chopt Creative Salad Co. of the fast casual Mexican chain, Dos Toros Taqueria. Read more here: https://www.restaurantbusinessonline.com/financing/here-come-small-chain-mergers
Nation’s Restaurant News lists the 50 most influential people in the restaurant industry. At the top of the list: Noah Glass, founder and CEO of Old, Jonathan Neman, co-founder and CEO, Sweetgreen and Tressie Liberman of Chipotle Mexican Grill. Read more here: https://finance.yahoo.com/news/50-most-powerful-people-restaurant-140010592.html
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