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.


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.

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

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

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

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

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

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

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

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

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