the source for restaurant industry news
Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today it has acquired Freddy’s Frozen Custard & Steakburgers (Freddy’s), a Kansas-based franchisor of fast casual restaurants. Terms of the transaction were not disclosed.
Total revenues were $201.1 million, a decrease of 33.6%, primarily due to the impacts of the COVID-19 pandemic including related state and local dining room restrictions; Comparable restaurant revenue decreased 29.0%;
Nathan’s Famous, Inc. yesterday announces the expansion of their products to Mexico City, Brazil, Canada, Indonesia, Malaysia and Singapore.
Help the National Restaurant Association find the best products and services in technology, safety and health solutions, and sustainability.
Yesterday the National Restaurant Association released new data showing that the industry continues to struggle in pandemic conditions. In a letter to Congressional leadership, the Association highlighted how the results demonstrate a continued vulnerability for the nation’s second-largest private sector employer, and warrants prompt passage of the $25 billion Restaurant Revitalization Fund in the American Rescue Plan.
Strives for Industry-Leading Commitments to Real Ingredients, Use of Cage-Free Eggs, and also shares its commitment to remove Antibiotics Important to Human Medicine.
Acquisition Enhances Yum! Brands’ Ability to Make Smart Data-Driven Marketing Decisions; Integrates New Technology Talent into Company
The property is located in a strong retail corridor in Georgia and will be occupied under a new triple net lease by a franchisee operator with 20 years of term remaining and with annual rent increases of 1.5%.
Franchisee Jeff Rigsby of BOJ of WNC, LLC Expected to Hit 100 Store Mark by 2022
Best practices frame relationship between restaurants and third-party delivery companies.