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acquisitions

Financing

Cracker Barrel opts not to rescue Punch Bowl Social

The eatertainment chain faces foreclosure and has already closed all 19 units and laid off its staff.

Financing

Inspire Brands buys 22 units from Buffalo Wild Wings’ largest franchisee

The deal coincides with the completion of the franchisee’s $130 million acquisition of Diversified Restaurant Holdings.

Leadership

Granite City’s new owner plans to bring back the founder

By Peter Romeo on Mar. 11, 2020

The plan was revealed after BBQ Holdings, also the parent of Famous Dave’s, completed its $7.5 million acquisition of the brand.

Financing

US Foods to acquire Smart Foodservice Warehouse Stores

By Jonathan Maze on Mar. 06, 2020

The $970 million deal gives the broadline distributor a growing cash-and-carry channel aimed at independents.

Financing

Yum Brands buys leadership development program Heartstyles

By Jonathan Maze on Mar. 03, 2020

The KFC, Pizza Hut and Taco Bell owner’s latest acquisition gives it a leadership development program for restaurant managers.

Financing

Parent of Logan’s, Old Chicago files for Chapter 11 protection

By Peter Romeo on Mar. 03, 2020

CraftWorks has closed 37 stores and says it has a stalking horse bidder in a senior lender, Fortress Credit.

Emerging Brands

Punch Bowl vets buy Wagamama’s U.S. operations

By Peter Romeo on Feb. 26, 2020

Robert Cornog and Richard Flaherty plan to expand the 200-unit Asian noodle concept on this side of the Atlantic.

Financing

Buyer of Buffalo Wild Wings franchisees bags a big one

By Peter Romeo on Feb. 26, 2020

ICV completed its purchase of Diversified Restaurant Holdings in a deal valued at $180 million.

Financing

Big Burger King franchisee Carrols cuts back on remodels

By Jonathan Maze on Feb. 25, 2020

The company is also slowing down on acquisitions as it looks to build up its profitability.

Financing

Fertitta bags another: 3-unit Cadillac Ranch, for $7.5M

By Peter Romeo on Feb. 24, 2020

The offer marks the billionaire’s second bid for a restaurant brand in roughly a week.

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