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acquisitions

Financing

Restaurant stocks finished 2023 on a high note

 By Jonathan Maze on Jan. 02, 2024

The Bottom Line: Industry stocks performed roughly in line with the broader markets last year, with much of the gains coming in the last three months.

Financing

Tropical Smoothie Café is apparently planning a $2B sale

 By Jonathan Maze on Dec. 21, 2023

The smoothie chain is reportedly exploring a sale for as much as $2 billion, the latest indication of a warming restaurant M&A market.

Financing

The weird year in restaurant M&A

By Jonathan Maze on Dec. 20, 2023

2023 was quiet when it came to restaurant chain deals. But that doesn’t mean it wasn’t an interesting year, thanks to Subway and Cava.

Financing

Newk's Eatery is quietly sold to Beef 'O' Brady's parent company

By Peter Romeo on Dec. 20, 2023

FSC Franchise Co. anticipates cross-franchising the fast-casual brand to Beef 'O' Brady's and The Brass Tap operators.

Financing

Chuck E. Cheese is apparently on the market

By Jonathan Maze on Dec. 18, 2023

The food-and-games chain, which also owns Peter Piper, is reportedly exploring a sale, three years after it emerged from bankruptcy.

Financing

Here's what the reindeer behind Santa could do for restaurants

By Peter Romeo on Dec. 18, 2023

Reality Check: Watch out for the extremely naughty in M&A activity. In fact, make a list and check it at least twice.

Technology

SoundHound AI is buying another AI vendor, SYNQ3

By Peter Romeo on Dec. 07, 2023

The deal will expand the scope of SoundHound's operations to 10,000 locations across 25 chains, the buyer said. Terms were not disclosed.

Financing

KFC to acquire 200 restaurants in the UK from a franchisee

By Jonathan Maze on Dec. 06, 2023

The chicken chain says that the deal will help it accelerate its growth in the United Kingdom and Ireland.

Financing

Wendy's, whose chairman is an activist, may be getting an activist

By Jonathan Maze on Dec. 01, 2023

The Bottom Line: Activist investor Blackwells apparently plans to nominate “several directors” to the burger chain’s board, according to Reuters.

Financing

The Subway saga takes another turn

By Jonathan Maze on Nov. 27, 2023

The Bottom Line: Just when we thought the massive deal was set to go through, the feds stepped in to have their say.

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