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acquisitions

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.

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.

Emerging Brands

Untamed Brands looks to expand growing portfolio with a coffee player

By Lisa Jennings on Feb. 03, 2023

The multi-brand platform created by a former Chipotle Mexican Grill exec is preparing to add a new category to the family.

Financing

Subway’s late cofounder donates his half of the chain to his foundation

By Jonathan Maze on Feb. 01, 2023

Dr. Peter Buck, who cofounded the chain with Fred DeLuca, left his 50% ownership in the company to the charity he and his wife started more than 20 years ago.

Emerging Brands

Gregg Majewski on Craveworthy’s strategy for building emerging brands

By Lisa Jennings on Feb. 01, 2023

Synergies with Mongolian Concepts are designed to make the economic model work for both new and existing franchisees.

Financing

Red Lobster, private equity, and the problem of asset sales

By Jonathan Maze on Jan. 31, 2023

The Bottom Line: Eight years after Darden sold the seafood chain, it is closing locations, talking about a “turnaround” and seeking rent concessions.

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