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acquisitions

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.

Financing

Savory Fund backs smoothie, acai bowl concept South Block

 By Heather Lalley on Jan. 31, 2024

The majority stake marks the 12th restaurant investment for the Utah-based private-equity firm and the first in its $200 million Savory Fund III portfolio.

Financing

Another small restaurant chain is planning an IPO

By Jonathan Maze on Jan. 30, 2024

Sushi Ginza Onodera, a Tokyo-based chain of 12 upscale sushi restaurants, has filed for an $8 million initial public offering in the U.S.

Technology

SevenRooms acquires text-message marketing app HeyPluto

By Joe Guszkowski on Jan. 30, 2024

It’s the first acquisition for the tech supplier and will allow restaurants to text their guests with the help of artificial intelligence.

Financing

As promised, the Midwest's Raydia distribution conglomerate is acquiring another broadliner

By Peter Romeo on Jan. 26, 2024

B+B Foods Distributors will function as a distinct entity within Raydia's expanding hold, with Scott Isles continue to lead the family-run operation.

Emerging Brands

With 'Cookie Wars' settled, Dirty Dough joins Craveworthy Brands' portfolio

By Lisa Jennings on Jan. 23, 2024

The trademark lawsuit made famous on social media is now officially over. Now Dirty Dough's new managing partner has plans for growth that could bring the stuffed cookies to grocery aisles.

Financing

JDE Peet's will take over Caribou's coffee roasting operations

By Jonathan Maze on Jan. 18, 2024

The global coffee maker is buying the coffee chain’s roasting operations and will start supplying coffee for the 800-unit chain.

Financing

Doherty Enterprises buys 21 Applebee's restaurants in NYC

By Jonathan Maze on Jan. 18, 2024

The franchisee now operates more than 100 locations of the casual dining restaurant chain in New York, New Jersey, Florida and Georgia.

Financing

Red Lobster has struggled since Darden sold the chain

By Jonathan Maze on Jan. 18, 2024

The Bottom Line: Olive Garden has easily outperformed its former sister chain over the past decade. Now the seafood concept is on the market.

Financing

Burger King is buying its largest franchisee for $1B

By Jonathan Maze on Jan. 16, 2024

Parent Restaurant Brands International plans to spend $500 million to remodel Carrols Restaurant Group's more than 1,000 locations before reselling them to smaller franchisees.

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