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franchising

Financing

Putting Subway's restaurant closures into context

 By Jonathan Maze on Dec. 03, 2025

The Bottom Line: The fast-food sandwich giant has closed 7,600 locations since 2015, more than any other U.S. chain in history, and about the same number of restaurants that Taco Bell currently operates.

Financing

Another activist pushes a restaurant chain toward refranchising

 By Jonathan Maze on Dec. 02, 2025

The Bottom Line: Galloway Capital Partners is urging Noodles & Company to sell off company stores to pay off debt. Eliminating leverage is good. Selling company stores less so.

Leadership

Cinnabon, Auntie Anne's-parent GoTo Foods names Omer Gajial CEO

By Lisa Jennings on Dec. 02, 2025

The retail veteran replaces Jim Holthouser, who is retiring after six years. The platform company also operates and franchises Carvel, Jamba, Schlotzsky's, McAlister's Deli and Moe's Southwest Grill.

Leadership

GoTo Foods CEO Jim Holthouser to step down after six years

By Lisa Jennings on Dec. 01, 2025

Holthouser led the multi-brand parent of Cinnabon, Auntie Anne's, Carvel and others through a name change and an ongoing initiative to unify under shared systems and technologies. He believed in the "power of the portfolio."

Operations

U.S. restaurant brands see the U.K. as the land of opportunity

By Lisa Jennings on Nov. 25, 2025

The rush across the Atlantic has been driven in part by fast-casual chicken chains. But other segments are jumping on the expansion bandwagon.

Financing

Franchisees sue the Fat Brands-owned Round Table Pizza over marketing

By Jonathan Maze on Nov. 25, 2025

The Round Table Owners Association is accusing the pizza chain of “intentional mismanagement” of the marketing fund since Fat Brands bought the company in 2021, leading to falling sales.

Financing

A big Red Robin franchisee doubles down on the brand

By Joe Guszkowski on Nov. 21, 2025

Lehigh Valley Restaurant Brands recently acquired four locations in Texas, its first outside of Pennsylvania. It’s encouraged by a new turnaround plan at the casual-dining chain.

Operations

Shakey's wants to bring back the pizza parlor

By Lisa Jennings on Nov. 21, 2025

Shakey's Pizza is attempting a revival that takes a nostalgic return to its past. Here's a look at this chain's 71-year history and how one family hopes to tap the memories of multiple generations.

Operations

Why expanding internationally is not a 'get rich quick scheme'

By Jonathan Maze on Nov. 20, 2025

At the Global Restaurant Leadership Conference, strategies for expansion and for menu differ depending on the brand. But one thing is clear: It takes investment and patience for it to work.

Operations

Wendy's opening in Australia sets records

By Lisa Jennings on Nov. 17, 2025

The quick-service chain is dealing with domestic challenges, but franchisee Flynn Group, the world's largest franchising company, has high hopes for international growth in Brisbane and beyond.

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