Restaurant Business Magazine - Trends, Ideas and News
Outback Steakhouse parent to refranchise Brazil business for $243M. Casual-dining operator Bloomin’ Brands is selling 67% of the business to Brazil-based Vinci Partners. It has more than 200 restaurants in the South American country. Operations.
The largest burger chains in the U.S. - Restaurant Business
May 13, 2020 · Financing The largest burger chains in the U.S. These are the highest-grossing burger chains among Technomic's Top 250. By Restaurant Business Staff on May 13, 2020
Top 500 Chains - Restaurant Business
The Top 500 Chain Restaurant Report is a measure of the largest restaurant concepts by U.S. systemwide sales, based on results from the 2019 calendar year. Relevant information is accrued using a combination of public company financial filings, direct operator surveying, franchise disclosure documents and proprietary valuation algorithms.
A third major Burger King franchisee declares bankruptcy
By Jonathan Maze on Nov. 08, 2023. Premier Kings is the third Burger King franchisee to declare bankruptcy this year. | Photo: Shutterstock. Premier Kings, a 172-unit Burger King franchisee whose owner died in 2022, declared bankruptcy protection, saying that operating losses even after the company closed restaurants forced the issue.
Dan Cathy steps down as Chick-fil-A CEO - Restaurant Business
Sep 16, 2021 · Dan Cathy, who guided Chick-fil-A through an incredible run of growth despite a changing industry landscape and controversial comments over gay marriage, will step down as the chain’s CEO, effective Nov. 1. His son Andrew Truett Cathy will take over the top job, becoming only the third CEO in the Atlanta-based chain’s history, following his ...
A brief history of Quiznos’ collapse - Restaurant Business
Jun 13, 2018 · On Monday, Quiznos was sold to an investment firm out of San Diego. This has given me time to tell the story of one of the biggest restaurant chain collapses in industry history. Between 2007 and 2017, Quiznos shrunk from 4,700 U.S. locations to fewer than 400. We can find no other example of a chain that had grown to that size that has shrunk ...
Red Lobster closes multiple locations as owner plots turnaround
Jan 23, 2023 · Red Lobster closes multiple locations as owner plots turnaround. Buca di Beppo set to be sold to lender Main Street Capital for $27M. Burger King thrives internationally, except in China. Fast-food chains post weak sales results, except for Taco Bell. Why so many brands are closing restaurants in the name of growth. Financing.
These are the big menu trends to watch in 2024 - Restaurant …
Jan 3, 2024 · Pucker up with sour. 2023 was all about sweet heat, powered by the popularity of hot honey. Make way for tamarind—the 2024 Flavor of the Year, designated by McCormick for Chefs in its annual Flavor Forecast. Tamarind is derived from a fruit pod native to Africa, India and the Middle East where it grows on trees.
Inspire Brands completes its $11.3B acquisition of Dunkin’
Dec 15, 2020 · Inspire Brands completed its $11.3 billion acquisition of Dunkin’ Brands on Tuesday, creating one of the largest restaurant operating companies in the country while giving the Roark Capital-owned company a larger, global reach. Dave Hoffmann, who had been Dunkin’ Brands CEO, was named a special advisor to Inspire CEO Paul Brown and will ...
Consumer Trends - Restaurant Business
Nov 4, 2024 · Shopping malls find a second life as restaurant destinations. By Patricia Cobe on Oct. 30, 2024. Consumers are returning to malls to seek out favorite restaurant brands, with The Cheesecake Factory and soup dumpling concept Din Tai Fung topping the list, according to Yelp data. Consumer Trends.