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Olo to be sold to an investment firm in $2B deal

Restaurant Business

The sale comes just four years after Olo went public, and ends a difficult period on the public markets. Its core product is online ordering, but it has expanded into marketing and customer engagement as well as payment processing. per share for the online ordering and payment company just four years after Olo went public.

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Waffle House lifts 50-cent egg surcharge as prices fall

Restaurant Business

News prices commodities Breakfast Joe Guszkowski is a senior editor with Restaurant Business covering technology and casual-dining chains. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here. Get today’s need-to-know restaurant industry intelligence.

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Five Ways With Philadelphia

Restaurant Business

09, 2025 Facebook Twitter LinkedIn Kraft Heinz Versatile, consistent, and built for culinary creativity, Philadelphia Cream Cheese is The Original that chefs trust to do it all.

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How Cracker Barrel chef Matt Banton is expanding the flavor portfolio

Restaurant Business

Click here to complete your profile Multimedia How Cracker Barrel chef Matt Banton is expanding the flavor portfolio Tyler Florence dishes on San Francisco and David Burke puts his pastrami to the test Happy Hour value and summer flavors The summer of spritzes The Latest Leadership Wendys names Pete Suerken president of its U.S.

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Olive Garden sales surge on delivery and free take-home meals

Restaurant Business

Also on Friday, Darden announced a slew of leadership changes at several of its brands. News earnings casual_dining Joe Guszkowski is a senior editor with Restaurant Business covering technology and casual-dining chains. Olive Garden President Dan Kiernan plans to retire on Aug. 31 after 33 years with Darden. Sign up here.

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Friendly's owner Brix Holdings is acquired by a franchisee

Restaurant Business

Legacy owner Amol Kohli will become chairman of Brix, and the Brix leadership team, including CEO Sherif Mityas, will remain in place. Specifically, Brix plans to expand Friendly’s, an East Coast diner chain, into Southern markets including Georgia, the Carolinas and Texas. Terms of the deal were not disclosed. Sign up here.

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What consumers want from restaurants at breakfast

Restaurant Business

Other brands are winning with new, more sustainable business models. Premium Financing The difficult operating environment hits once-untouchable Chipotle The Bottom Line: The fast-casual burrito chain, which thrived during the Great Recession and shrugged off the pandemic, is suddenly on the defensive.