Up until ten years ago, almost all the chief financial officers in the restaurant industry were male. At the recent Restaurant Finance & Development Conference, 36 of the 243 CFOs attending, or 15%, were female. One of them, Lina O’Connor, CFO of Tender Greens, in Culver City, Calif., remarked, “Fifteen percent is better than zero and the needle is moving, however slowly.”
Glen Kunofsky is a veteran of the sale-leaseback industry and one of the pioneers who helped establish a bigger buyer pool for net-leased restaurant properties among private investors nearly two decades ago.
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.
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