
This week on Nation’s Restaurant News, the biggest news was that Inspire Brands will buy Dunkin’ Brands for $11.3 billion. The owner of Arby’s, Buffalo Wild Wings, Sonic Drive-In, Jimmy John’s and Rusty Taco will acquire Dunkin’ and Baskin-Robbins to create one of the world’s largest restaurant companies. NRN took a look at what the deal could mean for more mergers and acquisitions in the industry.
It wasn’t the only sale announced this week. Roark Capital Group affiliates sold Corner Bakery Cafe to Pandya Restaurant Growth Brands LLC, which also owns Boston Market. Terms of that deal were not disclosed. And Sun Capital Partners-owned FIC Restaurants sold family-dining chain Friendly’s to Amici Partners Group in a bankruptcy asset sale.
Three large restaurant companies announced store closures during earnings calls this week. Pizza Hut, owned by Yum Brands, closed 672 units during the last quarter. Nearly half of those came from the NPC International Chapter 11 filing. Starbucks announced that it would close another 100 U.S. stores, plus 100 in Canada, in addition to the 400 closures that were initially announced in June. And The Cheesecake Factory Inc. said that it would close its RockSugar Southeast Asian Kitchen in Los Angeles.
In other news, McDonald’s named a new vice president and global chief diversity, equity and inclusion officer; 24 chains added new menu items; and Cracker Barrel’s vice president of culinary and menu strategy joined the Extra Serving podcast to talk about gearing up for the holidays during the pandemic.
Click through to read these stories.
1 What-Does-Inspire-Dunkin-Deal-mean-for-mergers-acquisitions.gif
Type
Caption
Credits
Gating level
DataTable subpages
Media Image

<p>After a muffled M&A period, the proposed $11.3 billion acquisition may get others in the restaurant industry buzzing.</p>
<p><a href="https://www.nrn.com/quick-service/inspire-brands-dunkin-brands-deal-clea... full article>></a></p>
2 McDonalds-Drive-Thru-Australia_4.jpg
Type
Caption
Credits
Gating level
DataTable subpages
Media Image

<p>Miller’s appointment comes as the company continues to shore up its human-resources division; Miller previously worked at VF Corporation, parent of brands such as Vans, Timberland and The North Face.</p>
3 TacoBell-Dual_drive-thrulanes_1.png
Type
Caption
Credits
Gating level
DataTable subpages
Media Image

<p>Taco Bell drive-thrus served 30 million more cars during the last quarter; quarterly digital sales at Yum Brands reached $4 billion; CEO David Gibbs is leaning into franchising for The Habit Burger Grill.</p>
<p><a href="https://www.nrn.com/quick-service/pizza-hut-closes-672-units-while-taco-... full article>></a></p>
4 Friendlys restaurant ext_1.jpg
Type
Caption
Credits
Gating level
DataTable subpages
Media Image

<p>Amici Partners Group bought the struggling family-dining chain's assets, including 50 company-operated stores; Amici is an affiliate to Red Mango and RedBrick Pizza operator BRIX Holdings; Sun Capital recently sold Johnny Rockets to FAT Brands.</p>
<p><a href="https://www.nrn.com/family-dining/sun-capital-partners-owned-fic-restaur... full article>></a></p>
5 menu-tracker-1029.jpg
Type
Caption
Credits
Gating level
DataTable subpages
Media Image

<p>Plus additions at Auntie Anne’s , Bartaco, Boston’s Pizza Restaurant & Sports Bar, California Pizza Kitchen , Church’s Chicken, Donatos, Fatburger, Golden Krust, Grimaldi’s Pizzeria, Huddle House, The Hummus & Pita Co., Nathan’s Famous, Pizzeria Locale, The Salad House, Slater’s 50/50, Taziki’s Mediterranean Cafe, Velvet Taco, Wienerschnitzel, Zalat Pizza, Zaxby’s and Zombie Burger.</p>
<p><a href="https://www.nrn.com/menu/menu-tracker-new-items-boston-market-dunkin-and... full gallery>></a></p>
6 cammie-spilltards-shaefer-nrn-extra-serving.jpg
Type
Caption
Credits
Gating level
DataTable subpages
Media Image

<p>Thanksiving is the family-dining chain's busiest time fo year, and the VP of menu development has new things in store.</p>
<p><a href="https://www.nrn.com/casual-dining/cracker-barrel-old-country-store-s-che... full podcast>></a></p>
7 starbucksstorefront_0.jpg
Type
Caption
Credits
Gating level
DataTable subpages
Media Image

<p>The coffee chain lost $1.2 billion in sales in Q4, but CFO Patrick Grismer says the company is recovering faster than expected.</p>
<p><a href="https://www.nrn.com/quick-service/starbucks-close-another-100-us-stores"... full article>></a></p>
8 dunkin-bought-by-inspire-11-billion_0.jpg
Type
Caption
Credits
Gating level
DataTable subpages
Media Image

<p>The owner of Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's and Rusty Taco will acquire Dunkin' and Baskin-Robbins to create one of the world's largest restaurant companies.</p>
<p><a href="https://www.nrn.com/quick-service/inspire-brands-buy-dunkin-brands-113-b... full article>></a></p>
9 roark-sells-corner-bakery-to-Pandya.gif
Type
Caption
Credits
Gating level
DataTable subpages
Media Image

<p>Affiliates of Roark Capital had held the fast-casual brand since 2011.</p>
<p><a href="https://www.nrn.com/fast-casual/corner-bakery-cafe-sells-boston-market-o... full article>></a></p>
10 RockSugar_bar.jpg
Type
Caption
Credits
Gating level
DataTable subpages
Media Image

<p>The casual-dining company says the Southeast Asian kitchen concept will shut by the end of the year.</p>
<p><a href="https://www.nrn.com/casual-dining/cheesecake-factory-plans-close-rocksug... full article>></a></p>