acquisitions

Bankrupt Burger King franchisee Meridian closes 27 restaurants

By Jonathan Maze on Apr. 11, 2023

The company is shuttering locations in Minnesota, Utah, Montana, Kansas, Nebraska and North Dakota and may close more restaurants.

Premium

Financing

Cheddar's Scratch Kitchen is finally hitting its stride

By Joe Guszkowski on Apr. 10, 2023

Six years after it was acquired by Darden, the 179-unit chain is living up to its billing as a growth brand.

Financing

7-Eleven's parent is evaluating a sale of the chain

By Peter Romeo on Apr. 06, 2023

Parent company Seven & I is being pressured by dissident shareholders for a spinoff of some sort. The options under consideration include an IPO.

Financing

Burger King franchisee Toms King is being sold for $33M out of bankruptcy

By Jonathan Maze on Apr. 04, 2023

The big operator, which sought Chapter 11 bankruptcy protection in January and was put up for sale, is being sold to four different companies, including Burger King's former U.K. operator and a big Round Table Pizza franchisee.

Operations

Port of Subs acquired by Area 15 Ventures LLC

By Lisa Jennings on Apr. 04, 2023

The private-equity firm created by RE/MAX co-founder Dave Liniger has plans to expand the sandwich brand with a regional developer franchise model.

Operations

Pandemic victim Sweet Tomatoes is planning a comeback

By Lisa Jennings on Mar. 30, 2023

The buffet salad chain has signed a lease to reopen in Tucson, Ariz., in a former location. It remains to be seen how the brand will adapt to the post-pandemic era.

Financing

One of the bankrupt Burger King franchisees is on the verge of a sale

By Jonathan Maze on Mar. 30, 2023

Burger King is among a trio of approved buyers of most of the 90 units owned by Toms King Holdings, which declared bankruptcy in January. A court has yet to approve the deal.

Premium

Financing

Let's look at the reported bidders for Subway

By Jonathan Maze on Mar. 30, 2023

The Bottom Line: Inspire Brands owner Roark Capital along with global gas station and restaurant operator EG Group are among the reported potential bidders for the fast-food sandwich chain. Here’s a look at the field.

Financing