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acquisitions

Technology

ItsaCheckmate acquires digital ordering company Open Tender

 By Joe Guszkowski on Mar. 20, 2023

The third-party integration expert wants to help restaurants generate first-party orders, too. They can use Open Tender to build apps and websites.

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1000 Degrees buys fellow fast-casual pizza chain My Pie

 By Lisa Jennings on Mar. 20, 2023

The new owner plans to make more restaurant acquisitions as it builds a platform of franchise brands.

Financing

Founder's untimely death leaves a Popeyes franchisee in bankruptcy

By Jonathan Maze on Mar. 16, 2023

Premier Cajun Kings, which once operated 30 locations in Alabama, Georgia and Tennessee, struggled amid a difficult operating environment and declared Chapter 11 bankruptcy, seeking a buyer.

Financing

Why the 2021 restaurant buying spree may come back to haunt some operators

By Jonathan Maze on Mar. 16, 2023

The Bottom Line: Franchisees in particular jumped at the chance to scoop up restaurants in 2021, often paying sky-high multiples in the process. And then inflation hit.

Financing

Some big private-equity firms are apparently interested in Subway

By Jonathan Maze on Mar. 06, 2023

The Bottom Line: Reports suggest the fast-food sandwich giant is targeting investment firms, and Goldman Sachs and Bain Capital are among the apparent suitors.

Financing

Better than Buffets Inc.? That's not saying much

By Jonathan Maze on Mar. 02, 2023

The Bottom Line: Sardar Biglari in his letter to shareholders boasted of the cash that Western Sizzlin has generated for Biglari Holdings. His comparison leaves much to be desired.

Financing

Chevys Fresh Mex owner adds 2 more brands to portfolio

By Joe Guszkowski on Mar. 02, 2023

Xperience Restaurant Group acquired Rio Mambo Tex Mex and The Rim from RM Restaurant Group.

Financing

Jeff Smith is stepping down as Papa Johns chairman

By Jonathan Maze on Mar. 02, 2023

The pizza delivery chain also said that it is buying out most of the shares owned by Smith's hedge fund, Starboard Value.

Financing

Uno to sell frozen pizza business to Great Kitchens Food Co.

By Joe Guszkowski on Mar. 01, 2023

The pizza chain is spinning off the 35-year-old Uno Foods so it can focus more on franchising.

Financing

Sardar Biglari takes a stake in Jack in the Box

By Jonathan Maze on Feb. 27, 2023

The chairman of Biglari Holdings, the owner of Steak n Shake, has acquired 5.5% of the shares in the fast-food chain operator. But the investment is passive, for now.

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