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acquisitions

Financing

In the Benihana deal, a sign of the restaurant M&A times

 By Jonathan Maze on Mar. 27, 2024

The Bottom Line: The venerable Japanese steakhouse chain fetched a modest multiple in its sale to The One Group. But that’s where values have fallen these days.

Financing

STK parent One Group to acquire Benihana owner for $365M

 By Joe Guszkowski on Mar. 26, 2024

The deal for Safflower Holdings, which also includes the RA Sushi brand, will nearly triple One’s footprint to 168 locations worldwide.

Leadership

Red Lobster names restructuring expert as new CEO

By Joe Guszkowski on Mar. 22, 2024

Industry veteran Jonathan Tibus will take the reins as owner Thai Union Group prepares to sell the seafood chain. He replaces Horace Dawson, who is retiring.

Emerging Brands

C3 CEO Sam Nazarian acquires Kitchen United's ghost kitchens

By Joe Guszkowski on Mar. 14, 2024

The properties will become part of a new digital restaurant company called Everybody Eats that will include C3 and Nextbite.

Technology

Tech supplier PAR acquires TASK and Stuzo for $400M

By Joe Guszkowski on Mar. 11, 2024

The two deals will help the restaurant POS provider expand globally and in convenience stores.

Financing

Fatburger owner Fat Brands wants to buy more chains, but only at its price

By Jonathan Maze on Mar. 07, 2024

The owner of Twin Peaks, Fazoli’s and a bunch of other fast-food chains is on the lookout for other concepts, but it won’t pay too much for them.

Financing

Red Robin sells 10 restaurants for $24M in sale-leaseback deal

By Joe Guszkowski on Mar. 04, 2024

It’s the third such deal over the past year for the chain, which will use the proceeds to pay down debt.

Financing

Red Lobster's owner 'not expecting much' from sale

By Joe Guszkowski on Feb. 20, 2024

The struggling seafood chain lost more than $22 million last year, said Thai Union Group, which is looking to offload the brand.

Financing

Inspire Brands is apparently considering an IPO

By Jonathan Maze on Feb. 15, 2024

The owner of Dunkin' and Arby's is in the early stages of discussions on an initial public offering that could value the company at $20 billion, according to Bloomberg.

Financing

Inspire Brands acquires delivery management company Vromo

By Joe Guszkowski on Feb. 13, 2024

The owner of Dunkin’, Arby’s and other brands said Vromo’s technology would help it make delivery more profitable.

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