Private Markets May Signal More Restaurant M&A
The volume of restaurant mergers and acquisitions remains well below 2019-21 levels, but private-market activity is starting to pick up, Harrington Park Advisors Founder and Managing Director Ashish Seth tells Bloomberg Intelligence. In this episode of the Choppin’ It Up podcast, Seth sits down wit…
No-Shows Crimp Fine Dining Restaurant Profits
No-shows remain in the 20% range in the fine-dining industry, Head of Tock Matt Tucker tells Bloomberg Intelligence, despite demand that far outstrips supply, hurting unit profitability. In this episode of the Choppin’ It Up podcast, Tucker sits down with BI’s senior restaurant and foodservice anal…
Puttshack Tech, Food May Revolutionize Mini Golf
Puttshack owns a global concept patent on automatic scoring in miniature golf, CEO Joe Vrankin, tells Bloomberg Intelligence, creating a barrier to entry for its competitors. In this episode of the Choppin’ It Up podcast, Vrankin sits down with BI’s senior restaurant and foodservice analyst Michael…
Weak Foodservice Capacity Lifts Restaurant Costs
Foodservice distribution capacity is very tight, Datum FS Founder and President David Maloni tells Bloomberg Intelligence, contributing to higher prices for their restaurant customers. In this episode of the Choppin’ It Up podcast, Maloni sits down with BI’s senior restaurant and foodservice analys…
Gong cha May Benefit as Bubble-Tea Sales Jump
Global bubble-tea sales could double or triple to more than $5 billion in the next 5-6 years, Gong cha Global President of the Americas Geoff Henry tells Bloomberg Intelligence. In this episode of the Choppin’ It Up podcast, Henry sits down with BI’s senior restaurant and foodservice analyst Michae…
Shatranj Capital on Ample Mideast Opportunities
The Israel-Hamas war is a bigger issue for McDonald’s and Starbucks than many other food chains due to reputational risk, deeper sales declines and greater exposure to high-impact countries like Jordan, Egypt and Morocco, Shatranj Capital Partners co-founder and general partner Brandon Guthrie tell…
Restaurant Loyalty Programs Need an Upgrade
Restaurant chains are revamping loyalty programs this year because they aren’t working, Thanx CEO and Founder Zach Goldstein tells Bloomberg Intelligence. In this episode of the Choppin’ It Up podcast, Goldstein sits down with BI’s senior restaurant and foodservice analyst Michael Halen to explain …
Salad and Go Aims for Low Price in Healthy Food
Salad and Go’s mission -- to make fresh, nutritious food affordable and convenient for all -- is unique in the restaurant industry, CEO Charlie Morrison tells Bloomberg Intelligence. In this episode of the Choppin’ It Up podcast, Morrison sits down with BI’s senior restaurant and foodservice analys…
Rock-Solid Restaurant Operations Fuel Traffic
Collaboration and alignment between restaurant operations and marketing teams is critical to driving traffic without hurting the guest experience, Ray Johnson, Founder of ReCee’s Leadership Consulting Group, tells Bloomberg Intelligence. In this episode of the Choppin’ It Up podcast, Johnson sits d…
Fogo de Chao’s Employee Investments Fuel Growth
Fogo de Chao doesn’t build a site pipeline until it has three years of visibility into the development of general managers, CEO Barry McGowan tells Bloomberg Intelligence. In this episode of the Choppin’ It Up podcast, McGowan sits down with Michael Halen, BI’s senior restaurant and food service an…