Finances and Deals: Page 2


  • Caribou Coffee
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    Permission granted by Caribou Coffee
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    JDE Peet’s reaches $260M licensing deal with Caribou Coffee

    The transaction will allow JDE Peet’s to expand its premium portfolio in North America, while Caribou could focus on its growing coffeehouse business. 

    By Christopher Doering • Jan. 22, 2024
  • A black sign that says Red Lobster that is outside of a building that also says Red Lobster
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    Justin Sullivan via Getty Images
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    Thai Union Group looks to sell stake in Red Lobster

    The seafood group, which been a minority stakeholder in Red Lobster since 2016, said it decided to divest after ongoing financial troubles at the chain.

    By Jan. 17, 2024
  • A picture of Burger King signs.
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    Justin Sullivan via Getty Images
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    RBI to acquire Carrols Restaurant Group for $1B

    The transaction, which is expected to close in Q2, will accelerate the pace of the franchisee’s Burger King remodels from 45 to 120 annually.

    By Jan. 16, 2024
  • An image of TGI Fridays signage with red and white stripes
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    Bruce Bennett via Getty Images
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    TGI Fridays to close 36 underperforming restaurants

    The casual chain also sold eight units in the Northeast to former CEO Ray Blanchette following a year of C-suite upheaval.

    By Jan. 4, 2024
  • An image of Pinstripes
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    Courtesy of Pinstripes
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    Pinstripes bowls into public markets

    After completing its combination with Banyan Acquisition Corp. last week, the eatertainment chain began trading on the New York Stock Exchange Tuesday.

    By Jan. 2, 2024
  • Burger King gets a fresh look
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    Courtesy of Burger King
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    From the archives

    A look back at 8 major franchisee bankruptcies in 2023

    Burger King, Popeyes, McDonald’s and more saw multi-unit operators go belly-up due to struggles with inflation, low traffic and rising costs.

    By Dec. 1, 2023
  • Toast point of sale hardware is shown
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    Courtesy of Toast Media Kit
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    Toast’s growth slows

    The restaurant fintech noticed “a modest slowdown” in same-store sales in the latter half of Q3 that continued into October, the company’s CFO said Tuesday.

    By Caitlin Mullen • Nov. 8, 2023
  • A Denny's location in Emeryville, California.
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    Justin Sullivan via Getty Images
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    Denny’s franchisee files for bankruptcy

    Denn-Ohio reported negative net income of $1.3 million in 2022 after struggling with rising labor, food and delivery costs for two years. 

    By Nov. 3, 2023
  • A TCBY store in Fort Collins, Colorado, in 2013.
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    River North Photography via Getty Images
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    TCBY, Mrs. Fields franchisor acquired by Pearl Street Equity

    The purchase of the brands, for an undisclosed sum, is intended to “take [their] franchisee support to the next level.”

    By Oct. 26, 2023
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    Spencer Platt / Staff via Getty Images
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    Pret A Manger enters joint venture with franchisee to extend US growth

    Existing franchisee Dallas International will take control of 50 units across the Northeast and develop 10 more on the East Coast by 2026.

    By Oct. 20, 2023
  • Krispy Kreme mulls sale of Insomnia Cookies

    As the doughnut chain pursues capital-light growth and partnerships in the QSR space, its may part with Insomnia to refocus on core products. 

    By Oct. 3, 2023
  • Burger King gets a fresh look
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    Courtesy of Burger King
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    Burger King buys 32 franchisee units at bankruptcy auction

    The chain bought the units, which are in Montana, Utah and Wyoming, from a sale of Meridian Restaurants Unlimited locations.

    By Sept. 28, 2023
  • An image of Pinstripes
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    Courtesy of Pinstripes
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    Pinstripes hires CFO, CMO as it prepares public debut

    Tony Querciagrossa and Shannon Keller join the brand as CFO and CMO, respectively, as the 14-unit chain gears up for significant growth.

    By Sept. 27, 2023
  • A remodeled McDonald's.
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    garett_mosher via Getty Images
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    McDonald’s will raise royalty rate on new US restaurants by 25%

    The fee change increases operator royalty rates from 4% to 5%, but most of the Golden Arches’ franchising revenue will still come from rent, CNBC reports. 

    By Sept. 22, 2023
  • An image of a refreshed Subway.
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    Courtesy of Subway
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    What Roark deal means for Subway franchisees

    Under its new owner, the sandwich chain could see more rapid expansion, but operators may still be challenged by low store-level profitability.

    By Aug. 31, 2023
  • An image of a refreshed Subway.
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    Courtesy of Subway
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    Subway to be acquired by Roark Capital

    After a monthslong sales process, Roark emerged as the winning bidder with a reported purchase price over $9 billion. 

    By Aug. 24, 2023
  • Paul Carbone joined Panera Brands as CFO on August 15.
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    Courtesy of Panera Brands
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    Panera Brands hires CFO as IPO prep continues

    Paul Carbone, who helped lead Dunkin’ and Yeti’s IPOs, took over the role on Tuesday.

    By Aug. 15, 2023
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    Retrieved from Pure Gold by Qdoba on June 28, 2022
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    Qdoba wants to double unit count to 1,500 in a decade

    The chain is selectively refranchising corporate units to support its growth, while rival Chipotle is scaling through company-owned units alone. 

    By Aug. 10, 2023
  • A worker takes a bowl of processed avocados from a prototype of Vebu's Autocado.
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    Courtesy of Chipotle
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    Chipotle wants to improve speed with grills, robots

    The fast casual chain is trialing automated kitchen equipment that can trim prep time in half, in some cases, as it looks to improve accuracy and throughput.

    By July 28, 2023
  • A man carrying orange bags with the word Grubhub on the side.
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    Courtesy of Grubhub
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    Just Eat Takeaway CEO: Grubhub sale attempt has been ‘complicated’

    Conversations with potential buyers have proven difficult due to the impact of existing fee caps, especially in New York City.

    By July 27, 2023
  • An image of a Boston Market restaurant with red and beige trim.
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    Justin Sullivan via Getty Images
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    Boston Market sued by US Foods for $11M in unpaid bills

    The food distributor joins a growing list of vendors, landlords and employees that have sued the chain over missed payments within the last few months.

    By July 26, 2023
  • A hand holding up a smartphone with ordering options from Domino's via Uber Eats.
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    Courtesy of Domino's
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    Domino’s hopes Uber Eats delivery deal will boost sales by 2024

    Pinpoint Delivery and the aggregator partnership will help the chain's U.S. delivery same-store sales, which declined again in Q2, to increase in the near future.

    By July 24, 2023
  • A selection of Carl's Jr. and Hardee's food with new branding
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    Courtesy of CKE Restaurants Holdings, Inc.
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    Bankrupt Hardee’s operator sells 81 restaurants to High Bluff Capital

    The sale will make High Bluff one of CKE’s major franchisees, with a portfolio concentrated in the Great Plains and the Deep South.

    By July 18, 2023
  • An image outside the NYSE with Cava sign
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    Permission granted by NYSE
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    The biggest restaurant IPO news of H1 2023

    Cava defied analyst expectations with its $318 million IPO in June, followed by Gen Restaurant Group’s $43 million public debut. Now, H2 could see Panera Brands and Pinstripes go public.

    By July 5, 2023
  • An image of a cooking apparatus in Gen Korean BBQ
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    Retrieved from U.S. Securities & Exchange Commission on June 01, 2023
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    Gen Restaurant Group raises over $43M with IPO

    The casual chain began trading Wednesday with its initial public offering priced at $12 per share, almost two weeks after Cava Group’s successful IPO.

    By June 29, 2023