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acquisitions

Financing

Burger King wants a bankrupt franchisee to put its restaurants up for sale

 By Jonathan Maze on Jun. 15, 2023

The fast-food burger chain said it would not support a process in which operator Meridian Restaurants emerges from bankruptcy still owning its restaurants, joining with the franchisee's creditors in pushing for a sale.

Operations

Cava raises $318M in its IPO

 By Lisa Jennings on Jun. 14, 2023

On the eve of its debut on the New York Stock Exchange, the fast-casual chain's initial stock price hit $22 per share, well above earlier projections. The price gives the company a $2.5 billion valuation.

Financing

Darden's acquisition of Ruth's Chris, by the numbers

By Joe Guszkowski on Jun. 14, 2023

The Olive Garden parent closed its deal for the steakhouse chain Wednesday. Here’s a look at what it’s getting.

Technology

Sam Nazarian acquires Nextbite, adding to virtual brand collection

By Joe Guszkowski on Jun. 13, 2023

The owner of C3 and the SBE hospitality group will turn Nextbite into a separate company, marking the end of an era for the once fast-growing startup.

Financing

Would Subway be better off going public?

By Jonathan Maze on Jun. 12, 2023

The Bottom Line: The sandwich chain is likely to sell to a private-equity firm that will load the company up with debt. An IPO could fetch a higher valuation. So why is it not taking that route?

Technology

Nextbite sells Ordermark business to India-based UrbanPiper

By Joe Guszkowski on Jun. 12, 2023

The virtual brand provider is parting with its order-integration business after a recent round of layoffs signaled trouble at the company.

Financing

Greg Flynn goes global with Australian Pizza Hut acquisition

By Jonathan Maze on Jun. 08, 2023

Flynn Restaurant Group is acquiring 260 locations from Allegro Funds, giving the company its first international investment.

Financing

Franchisee Southpaw acquires nearly 40 Taco Bell restaurants in Atlanta

By Jonathan Maze on Jun. 08, 2023

The deal gives the Greenwich, Conn.-based operator 115 of the Mexican fast-food chain's restaurants to go along with 65 Dunkin’ locations.

Financing

At Subway, a very public auction draws to a close

By Jonathan Maze on Jun. 06, 2023

The Bottom Line: The company has reportedly narrowed its list of buyers and the price tag is down. But the deal is taking a while to get over the finish line, and here’s why.

Financing

Fat Brands plans to take Twin Peaks public

By Jonathan Maze on Jun. 06, 2023

The brand collector plans to offer shares of the casual-dining chain to the public but will remain its majority owner.

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