acquisitions

Struggling Red Lobster declares bankruptcy

By Jonathan Maze on May 20, 2024

The casual-dining seafood chain, with $300 million in debt, filed for Chapter 11 bankruptcy protection in one of the biggest filings in restaurant industry history.

Operations

Flynn Group makes another international acquisition

By Lisa Jennings on May 20, 2024

Flynn Group LP has acquired Wendy's restaurants in New Zealand. The largest franchise operator in the world, Flynn already owns rights to develop the burger brand in Australia.

Financing

Burger King is now its own biggest operator, for now

By Jonathan Maze on May 17, 2024

The fast-food chain has completed its acquisition of Carrols Restaurant Group, its largest franchisee. The deal will help the brand speed remodels and change its model of franchisee ownership.

Technology

Uber Eats to acquire Foodpanda in Taiwan for $950M

By Joe Guszkowski on May 15, 2024

The deal will strengthen the restaurant delivery company's presence in Asia, where Foodpanda is one of its biggest rivals.

Leadership

How Jaguar Bolera creator Robert Thompson is trading on joy

By Lisa Jennings on May 13, 2024

As the first location of the eatertainment concept prepares to open this week, this veteran of the segment is looking to grow his multi-brand portfolio under the umbrella Joy Trade. He's on the hunt for acquisitions.

Technology

Payment processor Shift4 to acquire Revel Systems for $250M

By Joe Guszkowski on May 10, 2024

Shift4 said the deal would create cross-sell opportunities for its payments and POS businesses. It brings together two of the industry's biggest suppliers.

Financing