TD Bank Survey: Restaurant Industry Anticipates Bright 2025 with Tech and M&A at the Forefront

A survey conducted by TD Bank at the 2024 Restaurant Finance and Development Conference indicated that optimism has returned to the restaurant franchise industry after years of challenges.

The TD Bank poll collected insights from 175 restaurant operators and finance professionals as they look ahead to 2025. Alongside the optimistic outlook, TD Bank noted that the adoption of digital and mobile ordering, menu creativity and higher expectations around AI were also key findings from the survey...

Red Lobster Bankruptcy: Latest Court Docs Reveal New $3.7 Million Claim From Thai Union

According to recent court documents filed by Thai Union in Red Lobster’s chapter 11 bankruptcy case, the seafood restaurant chain owes them approximately $3.7 million.

Red Lobster voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the US. Bankruptcy Court for the Middle District of Florida this past May. The news came shortly after the chain abruptly closed a staggering amount of restaurants and engaged in a public liquidation of select restaurants. 

Since filing for bankruptcy, Red Lobster has...

Maggiano’s Little Italy Looking To Next Chapter While Under New Leadership

In December industry veteran Dominique Bertolone was appointed as the President of Maggiano’s Little Italy and SVP of Brinker International, the parent company of Chili’s, Maggiano’s and virtual brand Just Wings. Now, a little more than halfway through the year, the Italian-American dining chain is introducing its next chapter that “sets the standard for Italian-American dining.”

"We are stepping into an incredibly exciting time at Maggiano's, bringing new and elevated elements inspired by luxurious experiences from Las Vegas and Italy, to our...