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acquisitions

Technology

SevenRooms acquires text-message marketing app HeyPluto

 By Joe Guszkowski on Jan. 30, 2024

It’s the first acquisition for the tech supplier and will allow restaurants to text their guests with the help of artificial intelligence.

Financing

As promised, the Midwest's Raydia distribution conglomerate is acquiring another broadliner

 By Peter Romeo on Jan. 26, 2024

B+B Foods Distributors will function as a distinct entity within Raydia's expanding hold, with Scott Isles continue to lead the family-run operation.

Emerging Brands

With 'Cookie Wars' settled, Dirty Dough joins Craveworthy Brands' portfolio

By Lisa Jennings on Jan. 23, 2024

The trademark lawsuit made famous on social media is now officially over. Now Dirty Dough's new managing partner has plans for growth that could bring the stuffed cookies to grocery aisles.

Financing

JDE Peet's will take over Caribou's coffee roasting operations

By Jonathan Maze on Jan. 18, 2024

The global coffee maker is buying the coffee chain’s roasting operations and will start supplying coffee for the 800-unit chain.

Financing

Doherty Enterprises buys 21 Applebee's restaurants in NYC

By Jonathan Maze on Jan. 18, 2024

The franchisee now operates more than 100 locations of the casual dining restaurant chain in New York, New Jersey, Florida and Georgia.

Financing

Red Lobster has struggled since Darden sold the chain

By Jonathan Maze on Jan. 18, 2024

The Bottom Line: Olive Garden has easily outperformed its former sister chain over the past decade. Now the seafood concept is on the market.

Financing

Burger King is buying its largest franchisee for $1B

By Jonathan Maze on Jan. 16, 2024

Parent Restaurant Brands International plans to spend $500 million to remodel Carrols Restaurant Group's more than 1,000 locations before reselling them to smaller franchisees.

Financing

Red Lobster's owner wants out of the business

By Jonathan Maze on Jan. 16, 2024

Thai Union, which led an investment group that acquired the casual dining seafood chain in 2020, said that it plans to exit the business.

Emerging Brands

7-Eleven broadens its restaurant footprint with a $1B acquisition

By Peter Romeo on Jan. 12, 2024

The c-store chain is buying the Laredo Taco Co. fast-food units it doesn't currently own, along with the Stripes c-stores that house them.

Financing

Vegan chain Next Level Burger buys Veggie Grill

By Heather Lalley on Jan. 11, 2024

The move comes less than six months after Veggie Grill closed 12 restaurants amid declining sales. The deal creates a 27-unit plant-based restaurant company.

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