PFG promotes Hoskins to Foodservice president, posts Q2 2019 earnings
PFG Foodservice sales, profit rise on case volume, sales mix Performance Food Group (PFG) has promoted its interim Foodservice head to the chief post in that division. Craig Hoskins is […]
Del Frisco’s agrees to cooperate with activist investor
Cooperation agreement with Engaged Capital terminates poison pill Del Frisco’s Restaurant Group has reached a cooperation agreement with Engaged Capital, an activist investor that has demanded the company review a […]
Jack in the Box confirms it could be put up for sale
Jack in the Box for sale could add to billions spent on restaurant acquisitions in past two years Jack in the Box announced that it could be put up for sale, based […]
Inspire Brands finalizes deal to acquire Sonic, adds $12B QSR chain to Roark Capital portolio
Sonic is now part of the Roark Capital portfolio of restaurant companies with Inspire Brands finalizing its acquisition of the $2.3B deal for the quick-service drive-in chain. Inspire Brands is led by Paul Brown and Sonic will be led by Claudia San Pedro, serving as Sonic president, announced post-acquisition agreement. Cliff Hudson will be a senior advisor to Sonic until next March for transition purchases.
Maryland entrepreneurs enter next Cava chapter with Zoe’s acquisition finalized
Cava has completed the acquisition of Zoe's Kitchen, according to an announcement from Cava November 21. Zoe’s shareholders received $12.75 per share in the all-cash transaction. Panera Founder Ron Shaich had backed the deal, which was funded by his Act II Holdings investment... SWaN & Legend Venture Partners and Revolution Growth.
Sweetgreen receives $200M in new funding led by Fidelity Investments
Sweetgreen, a health-oriented fast-casual chain, serving creative salads and bowls built around proteins, grains and vegetables, has raised $200M in its latest raise, following a $35M raise just three years ago. This new round was led by Fidelity Investments. Sweetgreen plans to use the investment to further advance its digital platform, it announced... allow the 90-unit chain to advance its supply chain platform through the use of blockchain.