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acquisitions

Financing

Ice cream and chocolate chain Kilwins sold to Levine Leichtman

 By Jonathan Maze on Feb. 24, 2023

The private equity firm acquired a majority stake in the 150-unit ice cream shop franchise with an eye on taking it to the next phase of growth.

Financing

Corner Bakery declares bankruptcy

 By Jonathan Maze on Feb. 24, 2023

The struggling fast-casual bakery-café restaurant chain sought Chapter 11 debt protection as a creditor moved to take control of the company.

Financing

Freshii completes its sale to Foodtastic

By Jonathan Maze on Feb. 22, 2023

Shareholders for the struggling healthy fast-casual restaurant chain agreed to the deal, which is valued at $54.5 million.

Financing

Who might buy Subway, and who won't

By Jonathan Maze on Feb. 16, 2023

The Bottom Line: The fast-food sandwich chain is on the market. So let's take a look at a few potential buyers, and dismiss the idea of a few others.

Financing

BP to buy TravelCenters of America for $1.3B

By Greg Lindenberg on Feb. 16, 2023

The large chain of full-service truck stops, a major operator of fast-food restaurants and full-service brands, will be sold to the British oil giant's North American subsidiary.

Technology

Toast acquires drive-thru display company Delphi

By Joe Guszkowski on Feb. 16, 2023

The restaurant tech giant is making its move into QSR by targeting the high-volume drive-thru channel.

Financing

Subway admits that it's on the market

By Jonathan Maze on Feb. 14, 2023

The fast-food sandwich chain confirmed on Tuesday that it is exploring a potential sale, making one of the nation’s biggest restaurant chains up for grabs.

Operations

Madison Square Garden Entertainment explores sale of Tao Group Hospitality

By Lisa Jennings on Feb. 07, 2023

It's official. The time is right to sell the global dining-and-nightlife operator of Tao Asian Bistro, Hakkasan and Lavo Italian, among others, parent company says.

Financing

Cava Group says it might go public

By Jonathan Maze on Feb. 06, 2023

The fast-casual chain, which operates Cava Grill and Zoe's Kitchen, has confidentially filed SEC documents for an initial public offering.

Financing

The IPO market is apparently warming up again

By Jonathan Maze on Feb. 06, 2023

The Bottom Line: Cava Group is planning an initial public offering and other restaurant companies could follow suit, so long as the market doesn't run off the rails again.

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