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STK parent agrees to buy Kona in $25M bankruptcy court deal
One Group Hospitality makes offer after earlier Williston bid falls through The One Group Hospitality Inc. and its subsidiary Kona Grill Acquisition LLC have agreed to buy Kona Grill Inc. in a...
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Brinker completes acquisition of 116 Chili’s
Restaurants purchased from 14-year franchisee, ERJ Dining Brinker International Inc. has completed the earlier-announced acquisition of 116 Chili's Grill & Bar restaurants from its 14-year...
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Evergreens and Garden Bar to merge
Northwestern fast-casual concepts to co-brand Seattle-based health-oriented concept Evergreens has purchased a similar concept, Garden Bar in Portland, Ore., for an undisclosed sum, the two chains...
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Hargett Hunter invests in Marugame Udon USA
Private-equity group to expand Japanese-focused chain Hargett Hunter Capital Management has taken a minority investment in the eight-unit Marugame Udon USA LLC and plans to expand the Japan-based...
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McDonald’s Corp. buys conversational AI startup Apprente
Automated voice assistants will first be deployed in drive-thru lanes, followed by kiosks, mobile devicesThe McDonald’s of the future is shaping up to be a business where customers talk to human-like...
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US Foods approved to acquire SGA’s Food Group of companies
The $1.8B acquisition requires divestitures On Wednesday, US Foods Holding Corp. received conditional approval from the Federal Trade Commission to acquire SGA’s Food Group of Companies (SGA Food...
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What data catches private equity’s eye?
Investment firm principals tell RestCon what they look for in restaurant deals Private-equity firm principals at this week’s RestCon 2019 conference shared their insights into how they use data in...
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Huddle House agrees to buy Perkins
CEO Michael Abt says, ‘This is a very good fit’ Huddle House Inc. agreed to buy 342 Perkins Restaurant & Bakery locations, the company said Thursday.The Atlanta-based family-dining brand said it...
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Inspire to acquire Jimmy John’s
Company adds to restaurant concepts which include Arby’s, Sonic and Buffalo Wild Wings Multi-concept owner Inspire Brands announced today that it has entered into an agreement to acquire Jimmy John’s...
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Court OKs Landry’s $37.2M bid for Restaurants Unlimited
Houston-based company was sole bidder for Palomino parent A federal bankruptcy court on Wednesday approved Landry’s LLC’s $37.2 million bid for RUI Holding Corp., parent to such casual-dining brands...
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Why Inspire Brands bought Jimmy John’s
Roark-backed Inspire Brands is building a restaurant empire Inspire Brands executives have plans to buy 10 restaurant brands, and today the multi-concept operator got a bit closer to its goal. The...
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Kona’s prolonged bankruptcy case moves forward
Court to hear agreement to clear lawsuits between brand, ex-CEO Another obstacle in the prolonged Kona Grill Inc. bankruptcy case will be heard on Friday when a federal judge considers an agreement...
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Landry’s buys Del Frisco’s Grille and Double Eagle Steakhouse
L Catterton completes acquisition of Del Frisco’s Restaurant Group Private equity firm L Catterton has completed the acquisition of Del Frisco’s Restaurant Group Inc. for approximately $650 million or...
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WKS buys 94 Denny’s restaurants from QK Holdings
Deal makes the buyer the chain’s largest franchisee Multi-concept franchisee WKS Restaurant Group has purchased 94 Denny’s locations and two support centers, making it the largest franchisee of the...
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MAD Greens and Snappy Salads merge
Concepts to remain separate under ‘Salad Collective’ umbrella Fast-casual salad chains MAD Greens and Snappy Salads have merged, the two companies announced Tuesday.Terms of the deal were not...
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Cheesecake Factory completes Fox acquisitions
North Italia operations will move to California headquarters The Cheesecake Factory Inc. said Wednesday it has closed on its acquisitions of Fox Restaurant Concepts and plans to move the operations of...
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Winter Is Coming: Brace for flurry of restaurant transactions
Experts see fast pace of mergers, acquisitions to continue in last quarter The Cheesecake Factory Inc.’s completion of the Fox Restaurant Concepts acquisition this week capped a frantic nine months of...
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One Group acquires Kona Grill
STK parent buys brand for $25M in cash, $11M debt in bankruptcy court deal One Group Hospitality Inc. and its affiliates have completed the bankruptcy court purchase of Kona Grill Inc., the company...
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Cracker Barrel buys Maple Street for $36M
Chain plans to convert Holler & Dash units to Maple Street banner Cracker Barrel Old Country Store Inc. has acquired emerging fast-casual brand Maple Street Biscuit Company in an all-cash deal...
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Inspire completes purchase of Jimmy John’s
Acquisition expands portfolio to more than $14B in annual sales Inspire Brands has completed its acquisition of Jimmy John’s Sandwiches, expanding its restaurant brand portfolio to more than $14...
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