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Fast_Casual

Financing

Capriotti’s acquires Wing Zone

The fast-casual sandwich shop plans to use technology to grow business at the wing concept.

Leadership

Creator of Twin Peaks and Velvet Taco gets new CEO, new identity, new focus

Randy DeWitt has been succeeded as CEO by Jack Gibbons, and the company has been recast into a venture called FB Society

T. Rowe Price, D1 Capital Partners, Lone Pine Capital and XN have all invested in the fast-casual taco chain, which plans to expand to 10 more states by 2024.

The investment will enable the Athens, Ga.-based chicken chain to accelerate its growth and expand into new sales channels.

The chain is applying the year’s lessons to new restaurants, which will have bigger drive-thrus and smaller dining rooms.

The struggling Roark-owned fast casual has been purchased by the new owner of Boston Market, real estate investor Jignesh Pandya.

Major growth in online and mobile orders helped the chain emerge quickly from its early pandemic slump.

The investment fund’s latest deal gives it a stake in an Austin, Tex.-based Detroit-style pizza concept.

The fast-casual chain is reportedly hiring restructuring advisors, making it the latest urban chain to face challenges, says RB’s The Bottom Line.

Melting Pot Social blends signatures of the fondue chain with fast-casual elements.

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