Is a major delivery merger inevitable?

A report last week said Postmates was considering a sale, rather than an IPO. That could further shift the dynamics of third-party delivery, says RB’s The Bottom Line.


Big Perkins franchisee files for bankruptcy protection

5171 Campbells Land Co. seeks credit protection after the brand sues to terminate its stores.

The casual-dining operator closed six locations and blamed rising minimum wages and shifting consumer tastes for the filing.

The fast-growing revolving sushi chain hopes to raise $58 million.

The company terminated one of its largest franchisees over unpaid royalties following the closure of a location over health code violations.

The deal would make PFG one of the largest foodservice distributors in the U.S.

RB’s The Bottom Line compares proposals for the two casual-dining operators to previous restaurant chain transactions.

The casual chain said the demand from Vintage Capital didn’t include the necessary information, nor proof that Vintage actually owns 11.6% of outstanding shares.

The purchase price was $10 million. The reality is far more complicated, says RB’s The Bottom Line.

At the six-month mark, critical forces have clearly emerged. Here’s a sampling.