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acquisitions

Operations

Restaurant consultancy The Culinary Edge sold to CORE Foodservice

 By Heather Lalley on May 07, 2024

The Culinary Edge founder Aaron Noveshen will exit the firm but will remain CEO of Starbird, a fast-casual concept developed by the consulting group.

Financing

Outback Steakhouse parent considers selling its restaurants in Brazil

 By Joe Guszkowski on May 07, 2024

Refranchising is also on the table for Bloomin' Brands' nearly 200 locations in the country, where Outback is very popular.

Operations

Burgerville takes on new investors with an eye on reigniting regional growth

By Lisa Jennings on May 05, 2024

Former Dutch Bros CEO Joth Ricci is among the investors in Burgerville and he joins the company as executive chair. CEO Ed Casey will remain at the helm.

Leadership

Meet the restaurant fixer who now owns Etta

By Lisa Jennings on May 03, 2024

Tech entrepreneur Johann Moonesinghe suddenly finds himself leading a growing group of restaurants. His secret? He doesn't expect to make a profit.

Financing

Restaurant tech firm InKind acquires Etta Collective out of bankruptcy

By Lisa Jennings on May 01, 2024

The two-unit Etta Collective went to the highest bidder for $4 million and InKind CEO Johann Moonesinghe plans to restart growth.

Financing

STK parent One Group completes acquisition of Benihana for $365M

By Joe Guszkowski on May 01, 2024

The deal nearly triples One Group's footprint and brings its total annual revenue to more than $1 billion.

Financing

Subway completes its sale to Roark Capital

By Jonathan Maze on Apr. 30, 2024

The fast-food sandwich giant is finally changing hands after the sale to the private-equity firm was delayed over regulatory concerns.

Operations

Friendly's parent Brix Holdings agrees to acquire Clean Juice

By Lisa Jennings on Apr. 26, 2024

The organic juice and healthy food brand joins the portfolio that also includes Orange Leaf and Red Mango.

Financing

Atlanta fine-dining fixture Ray's Restaurants to be sold as founder retires

By Joe Guszkowski on Apr. 26, 2024

Nothing will change under new owner TEI Hospitality, Ray’s namesake Ray Schoenbaum said.

Financing

Fast-growing Tropical Smoothie is being sold to Blackstone

By Jonathan Maze on Apr. 24, 2024

The Atlanta-based fast-casual smoothie chain, which has thrived in recent years, is being sold to the private-equity giant for $2 billion.

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