Checkers Drive-In Restaurants

Leadership

Checkers names Chris Tebben CEO

The former Starbucks and Mars Retail Group executive replaces Frances Allen, who announced in April she was stepping down.

Leadership

Frances Allen is stepping down as Checkers & Rally's CEO

The chief executive guided the drive-thru fast-food restaurant chains through the pandemic, restructuring and its sale last year to a trio of investment firms. A search is on for her successor.

Reality Check: 3-for-$10 (or thereabouts) and buy one/take one home deals are back in vogue.

Arbour Lane Capital Management, Garnett Station Partners and Guggenheim Investments are taking majority ownership in a deal that will cut back on the fast-food chain’s debt.

Loans were due on April 24, but now Checkers Drive-In Restaurants Inc. will have more time to build on the momentum of its business.

The operator of drive-thru restaurants has reportedly hired advisers to help it restructure its debt, which comes due next year.

Falcons Burger is acquiring the locations from a retiring operator, becoming the burger chain’s biggest franchisee in the process.

The drive-thru chains expect to add 60 locations this year after signing deals on both coasts.

Tech Check: The drive-thru helped QSRs thrive during the pandemic, but it’s also ripe for change.

The company is adding voice-activated ordering this year, among other steps it hopes will improve the job of running its restaurants.

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