Global Foodservice News
Restaurant group SBE’s C3 Acquires 22 Locations of Specialty’s Café and Bakery in Bankruptcy Sale to Convert into new Concept EllaMia
SBE Entertainment Group’s C3 (Creating Culinary Communities) on Tuesday announced plans to convert 22 locations of Specialty’s Café and Bakery acquired in an asset sale into a new brick-and-mortar concept called EllaMia. Specialty’s Café and Bakery Inc., based in Pleasanton, Calif., filed for Chapter 7 bankruptcy on May 27. At the time of closing, the…
Read MoreCracker Barrel ads new Programs for the Sake of Flexibility
With the marketplace in flux because of the worsening pandemic, Cracker Barrel Old Country Stores is embracing several new initiatives that promise greater flexibility in responding to the shifting realities, including a tweak of its holiday meals program. Executives noted that the managers of its restaurants face a fluid situation that can change drastically, often…
Read MoreJohnny Rockets Owner Fat Brands Merges with Its CEO’s Investment Fund
Fat Brands, the owner of Fatburger and Johnny Rockets, announced it has completed its long-awaited merger with its controlling shareholder, Fog Cutter Capital, the investment firm founded by Fat’s CEO, Andy Wiederhorn. Terms of the deal were not disclosed, but the merger has been in the works for several months and is viewed as a…
Read More20 Restaurant Brands that Unveiled new Store Prototypes this Year, from KFC to Burger King to Chipotle
Quick-service, fast-casual and casual-dining restaurants were all impacted by the COVID pandemic, forcing a change in future store designs to accommodate more technology and less dine-in. Fast-casual and fine-dining brands alike dove into drive-thru experiences, while quick-service brands revamped menus for ease of operation and lower operational cost. Others leaned into technology with the use…
Read MoreGet Ready for 2021 with Leadership Principles
Get Ready for 2021 with Leadership Principles Leadership will be critical in the year to come, as you navigate uncertainty, fierce competition, and resource constraints. One way to get your organization ready for these challenges is to establish leadership principles for your organization. Transcript With 2021 just around the corner, now is the time to…
Read MoreTaco Bell Is Bringing Back This $1 Menu Item
The older you get, the less interesting your Christmas list becomes. Boom. You hit 25 and suddenly you’re asking Santa for a Dyson vacuum, Bombas socks, and an air fryer. But here’s the good news, you’re getting at least one thing you would’ve loved at any age: the return of Taco Bell’s Loaded Nacho Taco. Following…
Read MoreStarbird Chicken raises $4 million in funding
Starbird Chicken has raised $4 million in funding, the largest equity fundraising round from current investors and industry insiders, the four-year-old brand announced. “This landmark financing reflects the industry’s belief in our vision that we’ve had for Starbird since day one – that the fast-food landscape was primed for an upgrade in quality and convenience…
Read MoreStarbucks Plans to Open about 22,000 Stores in the Next Ten Years
It may seem like there’s already a Starbucks on every corner. But the company is still planning on adding tens of thousands more locations in the coming decade. Starbucks said at an investor event that it plans to increase its store count to about 55,000 by 2030, up from roughly 33,000 today. The company is…
Read MoreThe Private Equity Firm Partnered with Management to Invest in the 194-unit PJ United
The Private Equity Firm Partnered with Management to Invest in the 194-unit PJ United The Halifax Group, a Washington, D.C.-based private equity group, has invested along with company management in PJ United, the largest operator of Papa John’s restaurants. Terms of the deal were not disclosed. Halifax is a previous investor in PJ, which operates…
Read MoreThe Private-Equity Firm Rejoins the Company after Having Previously Invested from 2007 to 2013
Private-equity firm the Halifax Group announced that they will be investing once again in Papa John’s largest franchisee, PJU Holdings, Inc. (Papa John’s United), which has 194 locations across 10 states. Halifax Group had previously invested in the Birmingham, Ala.-based franchisee from 2007 to 2013 and is now reinvesting a majority stake in the company…
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