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acquisitions

Financing

Up to 40 Smokey Bones could become Twin Peaks under new owner

 By Joe Guszkowski on Oct. 09, 2023

Fat Brands, which owns both chains, said the conversions will fuel the 103-unit Twin Peaks as it heads toward a planned 2024 IPO.

Financing

Krispy Kreme is putting Insomnia Cookies on the market

 By Jonathan Maze on Oct. 03, 2023

The Charlotte-based company said that a sale of the cookie delivery company five years after acquiring the chain would “unlock shareholder value.”

Financing

Get your house in order before bringing on investors

By Lisa Jennings on Oct. 03, 2023

At an Investment Summit, held on an actual summit in Southern California, restaurant investors shared advice for bringing in financial partners.

Technology

Wonder to acquire meal kit company Blue Apron for $103M

By Joe Guszkowski on Sep. 29, 2023

The virtual food hall chain founded by Marc Lore is expanding into meal kits as it strives to become a “super app for mealtime.”

Financing

A Burger King franchisee gets sold out of bankruptcy, and a big buyer is Burger King

By Jonathan Maze on Sep. 27, 2023

Meridian Restaurants, the large operator that declared bankruptcy in March, is selling 70 of its 91 remaining restaurants to several different franchisees as well as the brand following an auction this month.

Financing

How Gregg Majewski is building Craveworthy Brands

By Jonathan Maze on Sep. 27, 2023

A Deeper Dive: The longtime industry executive and investor discusses what it takes to build the brand collector. He also discusses restaurant delivery, menu prices and mergers and acquisitions.

Financing

Fat Brands acquires Smokey Bones for $30M

By Jonathan Maze on Sep. 25, 2023

The 18th deal for the owner of Johnny Rockets and Twin Peaks gives the company another casual-dining chain.

Financing

Ruth's Chris acquisition already paying off for Darden

By Joe Guszkowski on Sep. 21, 2023

Adding the steakhouse chain to its portfolio will unlock $35 million in synergies and savings per year for the company, $15 million more than expected.

Emerging Brands

Chicago-based Meatheads Burgers to be absorbed by Epic Burger

By Lisa Jennings on Sep. 07, 2023

The acquisition will allow the "more mindful" Epic Burger to more than double in unit count and will bring drive-thru locations into the fold. But Meatheads will be no more.

Financing

McDonald's restaurant valuations come back down to earth

By Jonathan Maze on Sep. 05, 2023

The Bottom Line: Franchisee valuations are “plummeting,” according to the head of the chain’s independent franchisee association. The company has not been able to get many new franchisees into the system. But the market is just different now.

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