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acquisitions

Financing

Struggling Pinstripes to be delisted from the New York Stock Exchange

 By Jonathan Maze on Mar. 07, 2025

The bowling-and-bocce restaurant chain has seen sales plummet and recently said it was not meeting its loan covenants. The company just received a $7.5 million loan to fund operations.

Financing

Big Chicken joins Craveworthy Brands portfolio

 By Lisa Jennings on Mar. 03, 2025

The fast-casual chicken chain founded by basketball legend Shaquille O'Neal is partnering with Gregg Majewski in a deal that has also brought in pro football star Ndamukong Suh as an investor.

Financing

The owner of Pollo Tropical acquires Tavern in the Square

By Jonathan Maze on Mar. 03, 2025

Authentic Restaurant Brands also named Alex Macedo CEO and Jon Howie CFO as its holdings reach $1 billion in annual revenue.

Financing

Roark Capital is eyeing Dave's Hot Chicken, report says

By Lisa Jennings on Feb. 25, 2025

Company officials declined to comment on the roughly $1 billion reported deal, but it would add to the investment firm's already restaurant-rich portfolio.

Financing

The founder of Edible Arrangements has acquired Roti Modern Mediterranean

By Jonathan Maze on Feb. 21, 2025

BroadPeak Capital, launched by Tariq Farid and BlackRock veteran Aseem Khatri, has bought the fast-casual chain out of bankruptcy for $4.6 million.

Financing

Papa Murphy's owner MTY Food Group looks for another restaurant chain to buy

By Jonathan Maze on Feb. 19, 2025

The Canadian brand collector spent most of 2024 digesting its previous acquisitions and restructuring its business. The company wants to find something else, but only at the right price.

Financing

Burger King's parent buys the brand's struggling China business for $158M

By Jonathan Maze on Feb. 18, 2025

Restaurant Brands International is acquiring Burger King China from TFI Asia Holdings but plans to find a new local operator.

Operations

New podcast: The Week in Restaurants

By Jonathan Maze on Feb. 14, 2025

The Week in Restaurants: This week’s podcast features a discussion on In-N-Out’s move to Tennessee, the potential sale of Dave’s Hot Chicken, low-income consumers and a big restaurant technology blind spot.

Financing

Takeover rumors send Papa Johns' shares soaring

By Jonathan Maze on Feb. 14, 2025

A media report said an investment fund backed by the Qatar royal family is considering a bid for the pizza chain. The stock is up 30% this week.

Financing

The franchise M&A market is about to get two huge tests

By Jonathan Maze on Feb. 12, 2025

The Bottom Line: Crumbl, and now Dave’s Hot Chicken, are both reportedly on the market, which will test the ability for fast-growth concepts to get massive valuations.

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