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acquisitions

Operations

Friendly's parent Brix Holdings agrees to acquire Clean Juice

 By Lisa Jennings on Apr. 26, 2024

The organic juice and healthy food brand joins the portfolio that also includes Orange Leaf and Red Mango.

Financing

Atlanta fine-dining fixture Ray's Restaurants to be sold as founder retires

 By Joe Guszkowski on Apr. 26, 2024

Nothing will change under new owner TEI Hospitality, Ray’s namesake Ray Schoenbaum said.

Financing

Fast-growing Tropical Smoothie is being sold to Blackstone

By Jonathan Maze on Apr. 24, 2024

The Atlanta-based fast-casual smoothie chain, which has thrived in recent years, is being sold to the private-equity giant for $2 billion.

Financing

Oberweis Dairy finds a buyer

By Peter Romeo on Apr. 23, 2024

The principal of another Illinois food manufacturer has offered to buy the chain of ice cream shops and its sister businesses.

Financing

Greg Flynn expands his Applebee’s empire

By Heather Lalley on Apr. 22, 2024

Flynn, already the world’s largest franchisee of the casual-dining chain, is acquiring 26 restaurants from an existing franchisee and is making plans to open 25 new locations by 2031.

Financing

Proposed TGI Fridays sale is no home run, but has promise for both sides

By Joe Guszkowski on Apr. 19, 2024

The $220 million all-stock deal would get Fridays’ owner TriArtisan out of its decade-long investment and give the struggling chain a like-minded partner in franchisee Hostmore, experts say.

Financing

Guernsey Holdings buys 20 Zaxby's restaurants

By Jonathan Maze on Apr. 17, 2024

The operator of franchised brands like Sonic Drive-In and Little Caesars is working with the franchisee’s management to acquire the locations in South Carolina.

Financing

TGI Fridays to be acquired by U.K. franchisee Hostmore for $220M

By Joe Guszkowski on Apr. 16, 2024

The merger will create a 600-unit global company and take Fridays public on the London Stock Exchange.

Technology

4 things we learned in a wild week for restaurant tech

By Joe Guszkowski on Apr. 12, 2024

Tech Check: If you blinked, you may have missed three funding rounds, two acquisitions, a “never-before-seen” new product and a bold executive poaching. Let’s get caught up.

Technology

Back-office tech supplier Restaurant365 acquires ExpandShare training system

By Joe Guszkowski on Apr. 09, 2024

ExpandShare is designed to simplify and digitize restaurant employee training with readymade modules and a mobile app.

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