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COVID-19 Pivot: Boston Restaurateur Turns Idle Space Into Cozy Money Maker

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Like restaurant owners and operators everywhere, restaurateur Chris Campbell of Boston’s Troquet on South has found the past eight months to be full of challenges. Then the city of Boston told us we have a curfew of 10:00 p.m., That honors the 2015 passing of Boston hot dog cart owner Ezra “Speed” Anderson, Campbell’s friend.

Boston 268
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Paytronix Picks Payments Industry Veteran Porter For Board

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The COVID-19 crisis is shaking up the food industry as the pandemic and customers’ fears force more such businesses to get into emerging areas, such as “contactless” food delivery. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

Industry 130
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As Bill Payments Go Digital, The Rental Industry Still Lags

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That growth came, in part, at the expense of bill-paying sites and services operated by banks. It cites a figure from the Federal Reserve Bank of Boston that says more than 80 percent of rent payments are made via cash or paper checks. The rental industry could well be the next market to undergo that shift.

Industry 105
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Simon Property Group Looks To Raise $300 Million For Shell Company

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The move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales. Simon owns such properties as the upscale Copley Place in Boston. The new company will be a special purpose acquisition company (SPAC) called Simon Property Group Acquisition.

Groups 139
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Mobile Order-Ahead Sector Goes All-In On AI

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To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain. Smart machine algorithms have allowed food delivery times to be accelerated, while AI-enabled voice assistants are helping restaurants rapidly fulfill orders.

Mobile 289
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Private Equity Firm Advent To Buy 75 Pct Stake Of UK Parcel Deliverer Hermes In $1.3B Deal

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Boston-based Advent International , a global private equity firm focused on overseas buyouts, has purchased a stake in the United Kingdom’s parcel delivery group Hermes for 1 billion euros ($1.3 But the firm said it cannot predict how a global economic downturn would impact consumer spending or how badly it could hurt its operations. “I

Boston 141
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The Restaurant Group To Slash 125 UK Locations

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The hospitality industry employs about 10 percent of the U.K.’s What The Restaurant Group wants to do is lower its rent in 85 locations to keep them operating. There is one shining light in the company’s operations: the pan-Asian brand Wagamama, which has performed well since the Restaurant Group bought it in 2018.

Groups 131