Free Burgerim Impossible Burger deal celebrates nationwide rollout

Burgerim Impossible Burger launched nationwide

Future 50 chain expands lifestyle-, dietary-centric menu options

Burgerim added Impossible Burger to its menu permanently, rolling out the product nationwide to its restaurants. Black Friday puts a spotlight on the meatless burger option. November 29, Impossible Foods teams up with Burgerm to offer the fast-casual burger chain’s guests a free Impossible Burger with a purchase. All 212 stores will promote the offer.

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Rave Restaurant Group hires new executives

Parent of Pie Five adds new executives as president departs

Four new leaders help with course correction for Rave brands

Rave Restaurant Group announced hiring four new executives to work across its brands, as president Bob Bafundo departs the company. Rave is the parent of Pizza Inn, Pizza Inn Express and Pie Five. Douglas Kwong takes the role of Rave VP of Marketing. Also, Mike Burns joins the company as Rave chief operations officer.

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Krystal Leadership change announced shortly after refranchising effort underway

Krystal leadership change brings new president, chief financial officer

Macaluso, Epley leave company abruptly

Krystal has a new president and CFO as part of a leadership change, announced the company. The Krystal Burger chain’s chief executive and chief financial officer are no longer with the company. Previous President and Chief Executive Officer Paul Macaluso and Chief Financial Officer Berry Epley left “to pursue other opportunities.” Tim Ward takes the role of president and chief operating officer, while Bruce Vermilyea now serves as chief financial officer.

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Quiznos Plant-Based Corn Beef Sandwich to test in Denver market.

Quiznos Plant-Based Corn Beef sandwich test launches in Denver

Latest test to get national attention on ‘Shark Tank’ on ABC

Quiznos will be testing a new Plant-Based Corn Beef sandwich in the Denver market. The test begins November 15 for a limited time. The Denver-area launch also benefits from an upcoming taste test on ABC”s “Shark Tank.” On November 17, the Sharks will decide if the sandwich is “good or better than the real thing,” according to Quiznos’ announcement. For the Quiznos Plant-Based Corn Beef sandwich, the fast-casual chain partnered with Mrs. Goldfarb’s Unreal Deli.

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Yogurtland Indonesia to open four new stores in November 2019

Yogurtland Indonesia unveils new stores in November

Four stores will be open by month’s end

Yogurtland announced it will open four new stores in Indonesia during November. The milestone comes courtesy of a multi-location agreement with its Indonesia partners signed in June. Franseda Natalio, William Siawira and Erwin Sujono of Yogurtland Indonesia Global Mandir will open these stores and 11 more. The next three years will see tremendous growth for the brand.

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US Foods announces Q3 2019 earnings growth

US Foods Q3 earnings point to robust top-line growth

Food Group acquisition boosts independent restaurant results

US Foods Q3 2019 earnings were announced, showing robust top-line growth. Net sales were up 6.1 percent from last year to $6.5B. Organic sales resulted in a 4.0 percent increase to $6.4B. In Q3, the company reported gross profit of $1.2B. That’s up 4.3 percent from last year’s same quarter. Much of the story in the quarter focused on independent restaurant case growth, which surged 6.3 percent. Total case volume increased 3.0 percent. Also, organic case volume increased 0.9 percent, while independent restaurant organic case volume increased 4.2 percent.

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TGI Fridays going puplic after merger with Allegro

After $380M merger, TGI Fridays going public again

Merger with SPAC creates clean balance sheet, future funding mechanism

TGIF Holdings, the parent of TGI Fridays, and Allegro Merger Corp., a special company created for the public offering, or SPAC, announced a merger and subsequent public offering. Allegro will assume $350M of debt of the casual-dining chain. With TGI Fridays going public, the company tapped Ray Blanchette to lead the chain after the merger. He served as CEO at Au Bon Pain, Ignite Restaurant Group and Ruby Tuesdays. The $380M merger should wipe Fridays’ debt slate clean, with the public markets funding future growth.

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Chanticleer spin-off restaurant operations to be created as a result of merger with Sonnet

Chanticleer spin-off restaurant operations to list on OTC market

BGR’s parent receives $6M infusion, restructures restaurant holdings

Chanticleer Holdings will apply for listing of the shares of its spin-off restaurant operations on the OTC markets OTCQB Exchange. On October 10, Chanticleer proposed a merger agreement with Sonnet BioTherapeutics, a company specializing in the delivery of immunotherapy in the area of oncology. As a result, a Chanticleer spin-off restaurant operations entity will be created, contingent on the merger’s completion. Additionally, Chanticleer will receive $6M in capital to pay off certain debts. The deal is subject to approval of the shareholders of both Sonnet and Chanticleer.

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Chicken Salad Chick acquisition finalized by Brentwood Associates

Brentwood Associates finalizes Chicken Salad Chick acquisition

Eagle Merchant Partners exits the investment after four years

Brentwood Associates acquired a majority stake in Chicken Salad Chick, known as SSRG Holdings. Eagle Merchant Partners had invested in the brand back in 2015. The private equity firm is now exiting the investment. The transaction for an undisclosed amount provides Brentwood with another restaurant brand to add it to is consumer-oriented portfolio. Up until the Chicken Salad Chick acquisition, about three brands had made up the recent Brentwood restaurant portfolio—most notably, Blaze Pizza.

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New McDonald's CEO Chris Kempczinski takes over for Steve Easterbrook, who was ousted

McDonald’s CEO Easterbrook ousted, Kempczinski promoted to top spot

Consensual relationship with employee led to Easterbrook ouster

McDonald’s CEO Steve Easterbrook is out. Chirs Kempczinski is in. The former chief executive of McDonald’s was forced out due to his relationship with an employee. In an investigation, McDonald’s Board of Directors determined his actions were against company policy. Moreover, he “demonstrated poor judgment,” read a company statement.

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