FAT Brands Completes $25M Acquisition of Johnny Rockets
FAT Brands Inc. announced that it has completed the acquisition of Johnny Rockets from an affiliate of private equity firm Sun Capital Partners, Inc.
Finance
Chris Pappas Mulls Submitting an Offer for Luby’s
Luby’s CEO Chris Pappas is considering submitting an offer for the troubled restaurant brand, which is currently marching toward liquidation.
Bankrupt NPC International Seeks $725 Million Sale
Bankrupt Pizza Hut and Wendy’s franchisee NPC International has given itself multiple options on how it will emerge from bankruptcy, including a $725 million sale of its whole business.
Chipotle Eyes Growth in the Wake of COVID-19
One of the steady debates of COVID-19 is whether or not it will usher in an era of qu
Starbucks Isn’t Waiting Around for COVID to Disappear
The COVID-19 haymaker hit Starbucks with more intensity than most.
Chuck E. Cheese Plans to Destroy 7 Billion Paper Tickets
Chuck E. Cheese has enough paper tickets for almost every single person in the world, but nearly all of them are about to be destroyed.
100,000 Restaurant Closures Expected in 2020
As challenging as the past six, COVID-saddled months have been for restaurants, operators don’t expect a near-term reprieve.
Maison Kayser Files for Bankruptcy
Cosmoledo, a licensee of French bakery Maison Kayser, filed for bankruptcy Thursday and is seeking a sale due to the effects of the COVID pandemic.
K&W Cafeterias Files for Bankruptcy
K&W Cafeterias, a North Carolina-based brand founded 83 years ago, filed for bankruptcy earlier in September.
Dickey’s Barbecue Pit Posts Record Sales on Labor Day
Dickey’s Barbecue Pit is celebrating its most successful Labor Day in brand history with a remarkable 14.3 percent. increase in year-over-year sales.