acquisitions

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

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.

Financing

Red Lobster's owner wants out of the business

By Jonathan Maze on Jan. 16, 2024

Thai Union, which led an investment group that acquired the casual dining seafood chain in 2020, said that it plans to exit the business.

Emerging Brands

7-Eleven broadens its restaurant footprint with a $1B acquisition

By Peter Romeo on Jan. 12, 2024

The c-store chain is buying the Laredo Taco Co. fast-food units it doesn't currently own, along with the Stripes c-stores that house them.

Financing

Vegan chain Next Level Burger buys Veggie Grill

By Heather Lalley on Jan. 11, 2024

The move comes less than six months after Veggie Grill closed 12 restaurants amid declining sales. The deal creates a 27-unit plant-based restaurant company.

Technology

Chowly acquires the digital marketing platform Targetable

By Jonathan Maze on Jan. 04, 2024

It’s the second acquisition in a year for the order integration provider and will enable the company to provide a wider suite of options for restaurants.

Operations