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acquisitions

Financing

Sony Pictures Entertainment acquires Alamo Drafthouse

 By Lisa Jennings on Jun. 12, 2024

The Austin, Texas-based restaurant-movie theater hybrid will be operated by a new division within the studio called Sony Pictures Experiences.

Financing

Noodles & Company makes a deal with an activist

 By Jonathan Maze on Jun. 10, 2024

The fast-casual chain, working its way through sales and profitability challenges, gave a board seat to an activist investor. But that’s not the only activist it has.

Operations

Tijuana Flats hires turnaround pro James Greco as CEO

By Lisa Jennings on Jun. 10, 2024

Greco, former CEO of Bruegger's and Sbarro, steps in as the fast-casual Tex-Mex chain navigates bankruptcy under new ownership.

Financing

The former CEO of Famous Dave's is making a play for Rubio's and BurgerFi

By Jonathan Maze on Jun. 06, 2024

Jeff Crivello has been buying up brands like Cowboy Jack's this year. He is now turning to the two struggling fast-casual chains after acquiring their debt, giving him a good chance to buy both.

Financing

Struggling Burgerfi is exploring strategic alternatives

By Jonathan Maze on May 30, 2024

The owner of two fast-casual chains cited its liquidity challenges as it replaced its chairman, gave top executives incentives to stick around and sought assistance from its lenders.

Financing

Subway's debt sale is apparently breaking a record

By Jonathan Maze on May 29, 2024

The whole business securitization Roark Capital is using to finance its acquisition of the sandwich giant is reportedly the largest on record.

Financing

Red Lobster needs a buyer. How does Darden sound?

By Peter Romeo on May 28, 2024

Reality Check: The casual dining giant sold Red Lobster in a cloud of controversy a decade ago. Here's why a return to the fold may not be as crazy as it sounds.

Financing

Tasty Restaurant Group buys 64 more KFC restaurants

By Jonathan Maze on May 22, 2024

The multibrand franchisee, which also operates Pizza Hut, Burger King, Dunkin’ and Taco Bell, acquired the locations in the central and Southeast U.S.

Financing

Struggling Red Lobster declares bankruptcy

By Jonathan Maze on May 20, 2024

The casual-dining seafood chain, with $300 million in debt, filed for Chapter 11 bankruptcy protection in one of the biggest filings in restaurant industry history.

Operations

Flynn Group makes another international acquisition

By Lisa Jennings on May 20, 2024

Flynn Group LP has acquired Wendy's restaurants in New Zealand. The largest franchise operator in the world, Flynn already owns rights to develop the burger brand in Australia.

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