Coffee Shops

The coffee chain Blank Street has raised $75 million and is accelerating its expansion. Following the success of its matcha drinks, the company wants to become a "daily luxury brand" and expand its menu to include ice cream and other products.

The Merrie England chain has immediately closed all 7 of its branches after 60 years of operation. The company attributed the decision to rising costs and declining customer spending, resulting in the layoff of dozens of employees.