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Friendly’s closes 23 locations

The struggling chain has shuttered a quarter of its locations since 2017.


Burger King sues one of its largest franchisees

The company has terminated the operator’s franchise agreements for 37 stores in Texas, one of which was the subject of a video featuring rats in the kitchen.

CEC Entertainment, which also owns Peter Piper Pizza, will return to the public markets after its merger with Leo Holdings.

Wellspring Capital is now the owner of Lucky Strike.

The Atlanta-based operator, which also owns Popeyes locations, added a third brand and closed in on 500 restaurants.

The industry has added more than 300,000 employees over the past year.

Overreactions to profit challenges can sometimes cause more problems than they're worth, says RB’s The Bottom Line.

Taco Bell, Burger King, Carl's Jr., White Castle and others are offering more vegetarian items, but vegetarians aren’t necessarily the target.

The Dallas-based movie theater and dining chain will use the funds from TowerBrook Capital Partners to speed growth.

The franchisee association reiterated its call for a new CEO and said the company’s creation of a new advisory council was a “gut punch.”