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Starbucks to sell its share of its South Korea market

The coffee giant is selling its stake in the market to its joint venture partner E-Mart and a new investor GIC Private Limited.


P.F. Chang’s and California Pizza Kitchen could go public

The Asian chain is reportedly considering an initial public offering, while the pizza concept is exploring the idea months after emerging from bankruptcy.

Three restaurant chains have confidentially filed documents for an initial public offering and others are considering it, says RB’s The Bottom Line.

The owner of concepts like Velvet Taco, Barcelona and Bartaco may hold an initial public offering or merge with a SPAC.

Assets are selling for more than projected, and holdings yet to be sold are performing better, the company said.

Ramon Bourgeois is serving as acting CEO after the rib chain was acquired by Equity Investors of New England.

The operator has acquired 19 restaurants in Indiana and Michigan after taking a break to pay down debt and deal with the impact of the coronavirus.

There have been six deals in seven days plus one IPO and an upgraded SPAC merger as dealmaking makes up for lost time. RB’s The Bottom Line examines why.

The cash tender offer represents a 14% premium over J. Alexander's stock price.

The doughnut chain priced its offering at $17 per share, which was below its expected range.

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