Jason Vaughn is a month into his new position at the head of Frisch’s Big Boy restaurants. It was the first investment for Aziz Hashim’s nascent investment fund NRD Capital Partners, but far from Vaughn’s first rodeo in the franchising space.
The excitement over small business and consumer lending made through apps and websites has cooled. Shares of online lenders On Deck Capital (NASDAQ:ONDK) and Lending Club (NYSE:LC) have plummeted recently, while Prosper Marketplace said it will lay off 28% of its staff.
Like many private equity firms, D Cubed Group wants potential investors to understand what they’re buying into. Yet unlike many, the New York City-based firm’s website includes a prodigious amount of prose to explain how investor capital is deployed.
Buffalo Wild Wings CEO Sally Smith and Chipotle CFO Jack Hartung appeared on Jim Cramer’s "Mad Money" yesterday as the two very different executives tried to give a little insight into the quarterly misses that sent stocks for both brands sinking.
Last year was good for restaurants, and new data from BDO confirms that public companies fared pretty well, with low commodities and a little more traffic. But labor costs are going to be even bigger news this year.
Welcome to the Restaurant Finance Monitor's unique blend of restaurant industry news, analysis and opinion. Subscribe to our monthly newsletter for more in-depth analysis and commentary on the restaurant business.