acquisitions

Financing

Panera apparently wants to go it alone again

The Bottom Line: The bakery/café chain is reportedly planning to sell Caribou and Einstein Bros. restaurant concepts three years after forming Panera Brands.

Financing

With Chuy's deal, Olive Garden's owner sees a chance to get broader and younger

The challenge for Darden Restaurants will be turning the regional full-service Mexican chain into a bigger player.

The operator of Tender Greens and Tocaya is seeking a buyer, but there are no plans to close any of the 39 restaurants between the two fast-casual brands. It is one of a number of recent restaurant bankruptcies.

It will be the second acquisition for Darden in as many years and brings Mexican cuisine to its portfolio for the first time.

Elite Restaurant Group has been an active buyer over the years. But what are MOD's sister brands within the group's portfolio now?

The private-equity group Carlyle has taken the Japanese market for the fast-food chicken chain private in an $835 million deal. Mitsubishi Corp., which helped establish the brand there in 1970, is exiting.

In a deal that aims to avoid bankruptcy, the Bellevue, Washington-based fast-casual pizza chain has agreed to sell 100% of its equity to a Southern California-based group that has owned brands like Slater's 50/50, Project Pie and Patxi's Pizza.

The market for restaurant mergers and acquisitions has been slow for more than two years. But that market is bifurcated, as good deals get done and opportunistic buyers snap up low-priced chains.

A Deeper Dive: Kelly Roddy, CEO of Saladworks owner Woworks, joins the podcast to talk about mergers and acquisitions and the advantages of platform companies.

Restaurant Brands International is also making a big investment in Tims China, which operates Tim Hortons in the fast-growing country.

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