Pollo Tropical's new owner is content with keeping it in Fla.

Authentic Restaurant Brands completed its acquisition of the chicken chain. Here’s why the company is keeping its focus local as it takes over.


Investment firm buys the owner of TCBY and Mrs. Fields

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

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.

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

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

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.

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

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

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

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

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