The fast-casual segment appears to be evolving, causing private equity investors to pursue brands featuring menus ahead of their time. Case in point: Modern Market. Founders of the 30-unit chain sold controlling interest in late February to Butterfly Equity, a Los Angeles private equity firm specializing in “seed-to-table” investments.
With tax reform legislation now law, it’s important than restaurant accounting, finance and tax professionals understand the important changes brought about by this legislation in order to take full advantage of the changes. We covered this topic in a webinar which you can now watch here.
By now, the industry knows Taco Bell CEO Brian Niccol will become Chipotle Mexican Grill CEO on March 5. It’s hardly surprising. Niccol’s name appeared in a December Restaurant Finance Monitor story I wrote about ideal candidates for CMG chief executive.
The traditional role of the CFO was to make sure the accounting was proper and the bills were paid. A CFO’s responsibilities now stretch from pricing and labor retention to customer behavior, cultural alignment and even storytelling.
When David Pesso and his brother were thinking about branching out in the restaurant world, they wanted something new and creative. But it was the family recipe book that served as the seed of The Hummus & Pita Co.
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