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

Restaurant Business

Still, it takes private one of the industry’s most widely used tech companies and one of its earliest innovators, helping numerous restaurant chains take their businesses online. per share for the online ordering and payment company just four years after Olo went public. Olo was founded in 2005 and works with some 750 restaurant brands.

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Condado Tacos overhauls its margarita lineup and drink sales spike by 20%

Restaurant Business

Joe Kahn, founder and chief innovation officer of the Columbus, Ohio-based chain, felt that guests were ready for more flavor excitement and better-quality ingredients. “I Joe was like a mad scientist in the innovation lab,” added Sarah Kear, CMO of 52-location Condado Tacos. “We and the zero-proof versions for $7.

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Panera Bread brings in a transformation strategist to aid its turnaround

Restaurant Business

Fast-casual Panera Bread has been going through significant change over the past two years, with multiple board and leadership changes. News leadership Fast_Casual Lisa Jennings is a veteran restaurant industry reporter and editor who covers the fast-casual sector, independent restaurants and emerging chain concepts. Sign up here.

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Former Red Robin CEO G.J. Hart joins food-and-games investment company Emerging

Restaurant Business

The growth capital firm behind the food-and-games brands Puttshack, F1 Arcade and Flight Club has added more restaurant industry firepower to its leadership team. Emerging is a company founded by Mathew Focht that describes itself as investing “at the intersection of restaurant innovation, technology and experiential entertainment.”

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Week in Review: Din Tai Fung’s jaw-dropping AUVs, Krispy Kreme exits Insomnia, Starbucks operations

Restaurant Business

Premium Food An eye on food waste inspires a chicken salad that becomes a best seller Behind the Menu: Millers All Day repurposed leftover breakfast waffles into croutons to create a new signature—the Chicken and Waffle Salad. It’s a unique spin on Southern comfort.

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‘Great Partners Build Great Brands’

Modern Restaurant Management

Ballas shares his insights with Modern Restaurant Management (MRM) magazine and discusses issues that must be on the radar for franchises and brands including AI, automation, sustainability, staffing, training, and more. What are some key trends you expect to affect the franchise landscape this year and in years ahead?

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What operators should know about ancient grains

Restaurant Business

Premium Financing All restaurants are pricey in California, not just fast food The Bottom Line: The state’s fast-food wage hasn’t driven up prices at limited-service restaurants, at least compared with full-service chains. That doesn’t mean it’s not expensive there.