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acquisitions

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The long, sad decline of a buffet behemoth

 By Jonathan Maze on Apr. 23, 2021

The owner of Old Country Buffet merged with Ryan’s in 2006. The company’s bankruptcy-laden history in the years since is a lesson in the dangers of debt and the persistence of zombie chains, says RB’s The Bottom Line.

Financing

The SPAC party is coming to an end

 By Jonathan Maze on Apr. 22, 2021

The number of blank-check companies has slowed dramatically amid SEC attention and concern about the unprecedented popularity of the investment vehicles, says RB’s The Bottom Line.

Financing

What to expect from restaurant M&A coming out of the pandemic

By Jonathan Maze on Apr. 21, 2021

Dave Bagley, managing director of Carl Marks Advisors, joins the RB podcast “A Deeper Dive” to talk about trends in mergers and acquisitions in the restaurant space.

Financing

Subway says it is not for sale

By Jonathan Maze on Apr. 21, 2021

The company made an emphatic statement on Wednesday as rumors continue to spread that it is on the market.

Financing

The parent of Old Country Buffet and Furr’s declares bankruptcy

By Jonathan Maze on Apr. 20, 2021

Fresh Acquisitions operates a half-dozen mostly buffet brands, has closed all but six Tahoe Joe’s restaurants and plans to focus on that brand as well as a redesigned Furr’s concept.

Financing

The restaurant chain bankruptcy wave is not over

By Jonathan Maze on Apr. 14, 2021

As the filing by Golden Corral’s second-largest franchisee demonstrates, filings by big operators and chains could still come even as sales improve, says RB’s The Bottom Line.

Financing

A growing Papa John’s operator hopes to get more athletes into franchising

By Jonathan Maze on Apr. 14, 2021

Disrupt Foods, cofounded by New Orleans Saints player Malcolm Jenkins, has created a program that will manage athletes' and entertainers’ franchise investments in top fast-food brands.

Financing

Duck Donuts is sold to private equity firm NewSpring Capital

By Jonathan Maze on Apr. 13, 2021

Betsy Hamm was named the fast-growing chain’s CEO as company founder Russ DiGilio

Financing

Steak n Shake’s lender says the company still owes millions

By Jonathan Maze on Apr. 06, 2021

The administrative agent for the burger chain’s debt says it is owed $8.5 million in unpaid fees and interest. Meanwhile, Steak n Shake has dismissed its lawsuit against its lender.

Financing

Don Thompson’s venture capital firm ups its investment in Dom’s Kitchen & Market

By Jonathan Maze on Mar. 31, 2021

The Chicago food emporium, which expects to open its first location in Chicago in June, raised another $15 million from existing investors, including Thompson’s Cleveland Avenue.

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