Once 'orphaned,' Qdoba's new parent sees much whitespace for growth

John Cywinski hints going public could be in the Mexican fast casual's future if the revitalization strategy comes to fruition as planned.


Modern Market Eatery launches first drive-thru as parent company continues investments in franchising growth path

Sister brand Qdoba to see remodels and new digital menu boards as Modern Restaurant Concepts refinances debt.

The CEO of Qdoba-parent Modern Restaurant Concepts is borrowing from the playbook used during his leadership at Applebee's and KFC. The first step, however, was selling the Lemonade brand.

The No. 2 Mexican fast casual has a long way to go to get close in size to arch rival Chipotle, but Qdoba is refranchising in a shift to the asset-light model.

Customers returned to dining out and operators greeted them with a record number of limited-time offers. The result was a summer of love on restaurant menus.

Menu specials and deals are in the works to boost sales both on- and off-premise during the NCAA tournament.

The private equity firm, which owns Modern Restaurant Concepts, now has $4 billion in assets under management.

The private equity fund will merge the 750-unit burrito chain with Modern Market and Lemonade owner Modern Market Concepts.

What started early in the pandemic as a cheap, easy way to sell more wings and burgers is morphing into more-targeted digital menu offerings like melty cheese and loaded potatoes.

Silk had previously been VP of menu and off-premise operations for the 740-unit fast-casual chain.

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