The biggest restaurant deals of 2016
Say what you will about the restaurant industry’s challenges — labor costs, weak sales and so on — but none of that appears to be keeping investors from putting money into restaurants.
Numerous restaurant chains changed hands in 2016, and many small and mid-sized concepts received dollars from investors looking for growth. With concerns in just about every other consumer sector, investors saw restaurants as a haven, free of the worry that the Internet will some day render the business moot.
But that freeflowing investment wasn’t broadly felt. The year passed without an initial public offering in the U.S. for