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acquisitions

Financing

Investment firm buys the owner of TCBY and Mrs. Fields

 By Jonathan Maze on Oct. 25, 2023

Pearl Street Equity, a family office, is acquiring Famous Brands, the Salt Lake City-based owner of the yogurt and cookie chains.

Financing

Andy Wiederhorn wants to buy more snacks

 By Jonathan Maze on Oct. 24, 2023

The chairman of Fat Brands, which owns several chains including Great American Cookies and Pretzelmaker, is targeting strategic acquisitions, particularly those that will help occupy a plant in Atlanta.

Financing

The owner of Wagamama is being sold to a private equity firm

By Jonathan Maze on Oct. 12, 2023

The Restaurant Group, the U.K. company that owns the Asian concept, is being sold to Apollo Global Management for $623 million.

Technology

Sysco is buying equipment supplier Edward Don

By Peter Romeo on Oct. 11, 2023

The acquired company will serve as the foundation for a new specialty equipment and supplies operation, Sysco said.

Financing

How difficult has the M&A market been? Just ask Pollo Tropical

By Jonathan Maze on Oct. 10, 2023

The Bottom Line: Parent company Fiesta Restaurant Group spent two years trying to find a buyer before ultimately agreeing to a deal with the owner of Primanti Bros. It illustrates the difficulties of the acquisition market over that period.

Financing

Up to 40 Smokey Bones could become Twin Peaks under new owner

By Joe Guszkowski on Oct. 09, 2023

Fat Brands, which owns both chains, said the conversions will fuel the 103-unit Twin Peaks as it heads toward a planned 2024 IPO.

Financing

Get your house in order before bringing on investors

By Lisa Jennings on Oct. 03, 2023

At an Investment Summit, held on an actual summit in Southern California, restaurant investors shared advice for bringing in financial partners.

Financing

Krispy Kreme is putting Insomnia Cookies on the market

By Jonathan Maze on Oct. 03, 2023

The Charlotte-based company said that a sale of the cookie delivery company five years after acquiring the chain would “unlock shareholder value.”

Technology

Wonder to acquire meal kit company Blue Apron for $103M

By Joe Guszkowski on Sep. 29, 2023

The virtual food hall chain founded by Marc Lore is expanding into meal kits as it strives to become a “super app for mealtime.”

Financing

How Gregg Majewski is building Craveworthy Brands

By Jonathan Maze on Sep. 27, 2023

A Deeper Dive: The longtime industry executive and investor discusses what it takes to build the brand collector. He also discusses restaurant delivery, menu prices and mergers and acquisitions.

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