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acquisitions

Financing

Red Robin sells 10 restaurants for $24M in sale-leaseback deal

 By Joe Guszkowski on Mar. 04, 2024

It’s the third such deal over the past year for the chain, which will use the proceeds to pay down debt.

Financing

Red Lobster's owner 'not expecting much' from sale

 By Joe Guszkowski on Feb. 20, 2024

The struggling seafood chain lost more than $22 million last year, said Thai Union Group, which is looking to offload the brand.

Financing

Inspire Brands is apparently considering an IPO

By Jonathan Maze on Feb. 15, 2024

The owner of Dunkin' and Arby's is in the early stages of discussions on an initial public offering that could value the company at $20 billion, according to Bloomberg.

Financing

An activist investor is pushing BJ's to sell itself

By Joe Guszkowski on Feb. 13, 2024

Pleasant Lake Partners said the chain is underperforming but would make an attractive acquisition target.

Financing

Inspire Brands acquires delivery management company Vromo

By Joe Guszkowski on Feb. 13, 2024

The owner of Dunkin’, Arby’s and other brands said Vromo’s technology would help it make delivery more profitable.

Financing

Savory Fund backs smoothie, acai bowl concept South Block

By Heather Lalley on Jan. 31, 2024

The majority stake marks the 12th restaurant investment for the Utah-based private-equity firm and the first in its $200 million Savory Fund III portfolio.

Financing

Another small restaurant chain is planning an IPO

By Jonathan Maze on Jan. 30, 2024

Sushi Ginza Onodera, a Tokyo-based chain of 12 upscale sushi restaurants, has filed for an $8 million initial public offering in the U.S.

Technology

SevenRooms acquires text-message marketing app HeyPluto

By Joe Guszkowski on Jan. 30, 2024

It’s the first acquisition for the tech supplier and will allow restaurants to text their guests with the help of artificial intelligence.

Financing

As promised, the Midwest's Raydia distribution conglomerate is acquiring another broadliner

By Peter Romeo on Jan. 26, 2024

B+B Foods Distributors will function as a distinct entity within Raydia's expanding hold, with Scott Isles continue to lead the family-run operation.

Emerging Brands

With 'Cookie Wars' settled, Dirty Dough joins Craveworthy Brands' portfolio

By Lisa Jennings on Jan. 23, 2024

The trademark lawsuit made famous on social media is now officially over. Now Dirty Dough's new managing partner has plans for growth that could bring the stuffed cookies to grocery aisles.

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