acquisitions

Financing

Arizona-based Wildflower acquired by Japan-based restaurant conglomerate for $28.2M

It's the second U.S. restaurant brand buy for Tokyo-based Create Restaurants Holdings, which also bought Il Fornaio in 2019.

Financing

Struggling Topgolf to be spun off

Topgolf Callaway Brands said it plans to separate into two companies just four years after it acquired the eatertainment chain.

The Bottom Line: A host of investment companies have been snapping up restaurant companies at bargain prices. Getting them back into growth mode is the hard part.

The 250-unit acai bowl and smoothie franchise has runway for more growth, new investors say.

The franchisee of Burger King, Arby’s and other chains just acquired Freebirds World Burrito and is already working to grow the chain. And he’s got the inside track on Uncle Julio’s.

A Deeper Dive: Hannah Hammond, senior editor with Restaurant Business sister publication CSP Daily News, joins the podcast to discuss the growing competition between restaurants and convenience stores.

The Bottom Line: Sardar Biglari kicked off the latest proxy this week with another one against Cracker Barrel. But it isn’t the only one as shareholders grow antsy with underwhelming stock performances.

SSCP Restaurant Investors, which bought Corner Bakery last year, is accusing former owner Jay Pandya and his Boston Market chain of "shocking, systemic breaches of fiduciary duties."

Alimentation Couche-Tard has made an offer to buy Seven & i Holdings, the owner of 7-Eleven, in a deal that would merge the two largest convenience store chains in the country.

The Austin, Texas-based fast-casual chain has been sold to the owner of Taco Bueno and franchisee of hundreds of restaurants such as Arby’s, Applebee’s, IHOP and Golden Corral.

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