acquisitions

Potbelly gets refranchising party started

By Lisa Jennings on Apr. 20, 2023

The sandwich chain has sold eight company units in New York City to United One Group, a franchise operator that plans to open an additional 13.

Here's why you should buy Subway, according to CEO John Chidsey

By Joe Guszkowski on Apr. 19, 2023

The once-struggling sandwich chain is now in growth mode, Chidsey said in a wide-ranging interview at the Restaurant Leadership Conference. He expects a deal to be done by May or June.

Madison Square Garden Entertainment agrees to sell Tao Group Hospitality

By Lisa Jennings on Apr. 17, 2023

Under the proposed deal, co-founders Noah Tepperberg and Jason Strauss will return to ownership in partnership with luxury investment firm Mohari Hospitality, founded by an online poker billionaire.

Subway may be a microcosm of the slow M&A market right now

By Jonathan Maze on Apr. 13, 2023

The Bottom Line: The CEO of Papa Murphy’s and Wetzel’s Pretzels owner MTY Group cited the sandwich giant’s reportedly lowered asking price, and suggested it could further cool the market for restaurant acquisitions.

Berkshire Hathaway changes leadership of its new restaurant holding

By Peter Romeo on Apr. 12, 2023

Warren Buffett's holding company has named two of its veterans to top posts at Pilot Co., the 790-restaurant travel plaza operation.

Bankrupt Burger King franchisee Meridian closes 27 restaurants

By Jonathan Maze on Apr. 11, 2023

The company is shuttering locations in Minnesota, Utah, Montana, Kansas, Nebraska and North Dakota and may close more restaurants.

Craveworthy Brands to absorb sister company Mongolian Concepts

By Lisa Jennings on Apr. 11, 2023

With veteran operator Gregg Majewski as common thread, Genghis Grill, BD's Mongolian Grill and Flat Top Grill will join the Craveworthy portfolio.

Cheddar's Scratch Kitchen is finally hitting its stride

By Joe Guszkowski on Apr. 10, 2023

Six years after it was acquired by Darden, the 179-unit chain is living up to its billing as a growth brand.

7-Eleven's parent is evaluating a sale of the chain

By Peter Romeo on Apr. 06, 2023

Parent company Seven & I is being pressured by dissident shareholders for a spinoff of some sort. The options under consideration include an IPO.

Port of Subs acquired by Area 15 Ventures LLC

By Lisa Jennings on Apr. 04, 2023

The private-equity firm created by RE/MAX co-founder Dave Liniger has plans to expand the sandwich brand with a regional developer franchise model.

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