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Fast_Casual

Financing

Inspire Brands sells Rusty Taco to the owner of Cicis Pizza

The owner of Arby’s and Dunkin’ decided that the taco chain would be better off in the hands of a company that operates emerging brands.

Financing

Struggling Freshii to be sold to Foodtastic

The healthy fast-casual franchise has agreed to be sold to a growing Canadian restaurant operator for $54 million.

The former venture capital firn exec joins the organic-juice chain to lead finance, HR, compliance and legal divisions.

The iconic Chicago chain is testing ways to unlock sales by reorganizing kitchens, automating prep, cross-training and paying team members more.

Dirk Montgomery, who has been CFO since 2019, will step in immediately as interim CEO of Fiesta Restaurant Group.

Co-founder Nicolas Jammet expressed confidence that the two robotic units to open next year will unlock new doors to profitability.

SVP Stephanie Traut will take over leadership of operations for the fast-casual salad chain.

Dine Brands Global, which also operates IHOP, will get its long-desired growth concept in the 138-unit fast-casual brand.

The parent of Applebee’s and IHOP wants to supercharge the concept’s growth without changing what has worked so far at the 138-unit taco chain.

The Bottom Line: Investment bankers initially pushed the healthy fast-casual franchise as a $1 billion brand. It never came close to that. And then the pandemic hit.

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