If you want to get a table at a hot new restaurant in New York or Los Angeles, you’ll have better luck if you’re an American Express (AXP) cardholder and can pay the required fees of several hundred dollars. American Express announced last week that it is buying Tock, a booking app for about 7,000 […]
Eating out has definitely become more expensive, but another factor keeps many diners from enjoying their favorite restaurants: exclusivity. Competition for a great reservation can be fierce. You’re often competing with other hungry diners, social media influencers and their audiences who want to try the latest viral restaurants, and resellers who snatch up tables and […]
Have you ever tried to reserve a table at the hottest restaurant in town and kept getting turned away? You’re not the only one who feels this way. Certainly, the low- and mid-priced restaurant business has suffered recently. McDonald’s (MCD) reported a decline in U.S. sales in the second quarter, and Dine Brands’ (DIN) U.S. […]
Federal prosecutors and lawyers for former Detroit Riverfront Conservancy CFO William Smith are seeking to sell the assets of Smith’s Southfield nightclub, a move that could recoup some of the roughly $40 million allegedly stolen from the nonprofit, according to a court filing Thursday. U.S. District Judge Kay Behm signed an order allowing the U.S. […]
