Guy Fieri and the National Restaurant Association Educational Foundation’s relief fund hits $20M and can now help 40,000 restaurant workers

After an initial roadblock when the site was overwhelmed within the first few days, RERF has been processing grants and delivering much needed cash to former restaurant workers for over two weeks now, said Rob Gifford, NRAEF president. This week, the fund got a celebrity boost from former “The Office” actor John Krasinski’s new YouTube…

Read More

Boston Market Acquired by Engage Brands of Rohan Group of Companies

Boston Market announced that the company has been acquired by Engage Brands, LLC, one of the Rohan Group of Companies owned by real estate investor and restaurant operator, Jignesh Pandya. Boston Market’s former owner, Sun Capital Partners Inc., sold the Golden, Colo.-based company to Engage Brands, LLC for an undisclosed amount. “We are very pleased…

Read More

McDonald’s Names Mason Smoot as Chief Restaurant Officer

Mason Smoot, a 26-year McDonald’s Corp. veteran, has been named senior vice president and chief restaurant officer. He replaces Charlie Robeson, who is retiring, the Chicago-based quick-service chain said. Smoot starts May 1 in the new role, where he will oversee franchising, U.S. operations, and restaurant development. His previous role was senior vice president of strategic…

Read More

Dave & Buster’s to Sell Up to $75 million in Shares

Dave & Buster’s announced Tuesday that it has an agreement to sell up to $75 million in shares as part of an “at-the-market” equity offering program. Jefferies, an investment bank, will serve as the sales agent. Dave & Buster’s is using the program to build its cash flow amid the COVID-19 pandemic. Jefferies will use…

Read More

Bar Rescue’s Jon Taffer: The Future of Restaurants Will Be Led by Trust

Right now, operators in the restaurant industry are focused on staying afloat and making it through the next few weeks. Jon Taffer, star of Bar Rescue and owner of full-service concept Taffer’s Tavern, understands the pressure. But he’s concerned that not enough restaurateurs are thinking about the post-pandemic future. “What I’m worried about is that not…

Read More