acquisitions

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.

Financing

Big Perkins franchisee files for bankruptcy protection

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

Financing

Restaurants Unlimited declares bankruptcy

By Jonathan Maze on Jul. 08, 2019

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

Financing

Kura Sushi files for an IPO

By Jonathan Maze on Jul. 08, 2019

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

Financing

Perkins sues to remove a 26-unit operator

By Jonathan Maze on Jul. 02, 2019

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

Financing

Performance Food Group to buy Reinhart Foodservice

By Jonathan Maze on Jul. 01, 2019

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

Financing

Are activist offers for Red Robin and J. Alexander’s fair?

By Jonathan Maze on Jun. 27, 2019

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

Financing

Red Robin rebuffs bidder’s call for a shareholder meeting

By Peter Romeo on Jun. 26, 2019

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.

Financing