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acquisitions

Technology

Uber Eats to acquire Foodpanda in Taiwan for $950M

 By Joe Guszkowski on May 15, 2024

The deal will strengthen the restaurant delivery company's presence in Asia, where Foodpanda is one of its biggest rivals.

Leadership

How Jaguar Bolera creator Robert Thompson is trading on joy

 By Lisa Jennings on May 13, 2024

As the first location of the eatertainment concept prepares to open this week, this veteran of the segment is looking to grow his multi-brand portfolio under the umbrella Joy Trade. He's on the hunt for acquisitions.

Technology

Payment processor Shift4 to acquire Revel Systems for $250M

By Joe Guszkowski on May 10, 2024

Shift4 said the deal would create cross-sell opportunities for its payments and POS businesses. It brings together two of the industry's biggest suppliers.

Financing

Red Lobster owner expects to sell its share of the chain this year

By Joe Guszkowski on May 09, 2024

Thai Union Group is “actively engaged” in negotiations with potential buyers for its stake in the struggling seafood chain.

Financing

Craveworthy bought three more brands, this time with an eye for conversion

By Lisa Jennings on May 08, 2024

The platform company this week acquired the brands Taim Mediterranean Kitchen, Hot Chicken Takeover and Sigri Indian BBQ. And more are in the works.

Technology

ItsaCheckmate rebrands, acquires AI voice provider VoiceBite

By Joe Guszkowski on May 08, 2024

The order integration company has expanded into an all-around digital ordering supplier and now goes by just Checkmate.

Operations

Restaurant consultancy The Culinary Edge sold to CORE Foodservice

By Heather Lalley on May 07, 2024

The Culinary Edge founder Aaron Noveshen will exit the firm but will remain CEO of Starbird, a fast-casual concept developed by the consulting group.

Financing

Outback Steakhouse parent considers selling its restaurants in Brazil

By Joe Guszkowski on May 07, 2024

Refranchising is also on the table for Bloomin' Brands' nearly 200 locations in the country, where Outback is very popular.

Operations

Burgerville takes on new investors with an eye on reigniting regional growth

By Lisa Jennings on May 05, 2024

Former Dutch Bros CEO Joth Ricci is among the investors in Burgerville and he joins the company as executive chair. CEO Ed Casey will remain at the helm.

Leadership

Meet the restaurant fixer who now owns Etta

By Lisa Jennings on May 03, 2024

Tech entrepreneur Johann Moonesinghe suddenly finds himself leading a growing group of restaurants. His secret? He doesn't expect to make a profit.

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