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Photos: Inside Freshii’s incubator concept

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The chain will use the proceeds to repay debt, fund capital projects and buy back stock. It hopes to do the same with other restaurants.

The pizza chain is acquiring restaurants from a franchisee, believing that operating its own locations in the market will improve sales over the long term.

Working Lunch: The high-flying chain is drawing fire for hiring a head of diversity, equity and inclusion. Is any brand safe from the nation's political polarization?

It was the first of the Time Out food hall destinations to open in the U.S. four years ago, but the Lisbon-based company did not say why the venue will be closed.