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acquisitions

Financing

Shake Shack agrees to examine its operations in a deal with its activist

 By Jonathan Maze on May 16, 2023

The fast-casual burger chain has appointed Domino’s former CFO Jeff Lawrence to its board and will hire an operational consulting firm to improve profitability.

Emerging Brands

Area 15 Ventures takes full ownership of Daddy's Chicken Shack

 By Lisa Jennings on May 12, 2023

The private-equity firm had already made an investment in the buttermilk fried chicken sandwich brand, but now has acquired the remaining equity.

Financing

An activist investor believes 7-Eleven would be better off on its own

By Jonathan Maze on May 09, 2023

The Bottom Line: Value Act Capital wants parent company Seven & i Holdings to spin off the convenience-store giant. But the conglomerate is holding firm.

Technology

Deliverect acquires ChatFood to enable orders via social media

By Joe Guszkowski on May 09, 2023

The deal will allow Deliverect clients to take orders directly from their Facebook and Instagram accounts.

Financing

A huge Hardee's franchisee declares bankruptcy and closes 39 restaurants

By Jonathan Maze on May 04, 2023

Summit Restaurant Holdings, which once operated 145 Hardee’s restaurants in Alabama, Florida, Georgia, South Carolina, Kansas, Missouri, Montana and Wyoming, plans to seek a buyer.

Financing

With Ruth's Chris deal, Darden doubles down on fine dining

By Joe Guszkowski on May 04, 2023

The 154-unit steakhouse chain will more than double the company's fine-dining footprint. But it won't compete with Darden's other upscale concepts, executives said.

Financing

Darden Restaurants to acquire Ruth's Chris for $715M

By Joe Guszkowski on May 03, 2023

The deal adds another fine-dining concept to Darden's portfolio, which includes Olive Garden, LongHorn Steakhouse and The Capital Grille.

Financing

Brand platform Craveworthy plans to raise $25M for acquisitions and new restaurants

By Lisa Jennings on Apr. 27, 2023

The company has created a website to lure smaller investors willing to put in at least $5,000 to help fund its efforts to buy emerging and smaller chains. The goal: To strike gold and find the next 1,000-unit brand.

Financing

Krystal is merging with Logan's Roadhouse owner SPB Hospitality

By Jonathan Maze on Apr. 27, 2023

The multi-concept operator, which emerged from the ashes of Craftworks Holdings, is taking in its first fast-food chain in Krystal. Both companies are owned by the private equity firm Fortress Investment Group.

Financing

The CEO of Ruby Tuesday files a lawsuit over the sale of Fuzzy's Taco Shop

By Jonathan Maze on Apr. 25, 2023

Shawn Lederman filed a lawsuit against the chains’ former owner, NRD Capital, arguing he is owed $1 million from the sale of the taco chain.

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