The ink was still drying on the acquisition of Jamba Juice by Focus Brands, a wholly-owned Roark Capital subsidiary, when Inspire Brands, another Roark subsidiary, announced its agreement to acquire Sonic in a transaction valued at $2.3B. Inspire Brands is the parent of restaurant chains Arby’s, Buffalo Wild Wings and Rusty “R” Taco.
Buffalo Wild Wings new president is Lyle Tick, a marketer, advertiser and merchandise executive with a deep repertoire across several retail brands and marketing agencies. Parent company Inspire Brands made the announcement... after the acquisition of Buffalo Wild Wings by Arby’s Restaurant Group, closely-held by Roark Capital at the time. 1,200-unit Buffalo Wild Wings and the Atlanta-based Inspire Brands executive team are looking for a big turnaround
Fans of the Carolina Panthers are winning big this football season with a Krispy Kreme Doughnuts promotion. The chain is offering guests in the Carolinas a dozen Original Glazed Doughnuts for $5.99 (coffee not included) the Monday after a Carolina win, representing a discount of about 25 percent. The Panthers win on September 9 against the Dallas Cowboys (16-8) sealed the first deal today for fans in South and North Carolina.
Sonic Drive-In has added a limited-time lineup of lighter-sized breakfast sandwiches to keep its customers on the move. The new Breakfast Slingers start at just $1.49 and 250 calories... Breakfast Slingers come in three options that are served on a buttery, brioche bun: egg and melted cheese and also either crispy bacon or savory sausage.
Bojangles’, a chain known for its all-day breakfast, chicken-centric menu and southern sides, reported having two new restaurants under construction in North Carolina, as it looks to bolster its presence in its home market. Additionally, Bojangles' is remodeling a store at 1064 Blowing Rock Road near the Boone Mall.
Panda Express is returning the Honey Sesame Chicken Breast, a fan favorite, as a limited-time offer. The entree fill feature crispy chicken breast strips, string beans and yellow peppers, prepared in a sweet sesame sauce that is now made with organic honey... now returns with a mobile app and the slogan, “Honey, it’s back!” The Panda Express mobile app is also expected to be a guest favorite, allowing for interactive ordering process, group ordering, and multiple user selections from different phones
Popeyes will be entering the Philippines via a new master franchising agreement. The quick-service brand, owned by Restaurant Brands International (RBI), announced reaching a deal with Kuya J Holdings Group, which already operates 100 Kuya J Restaurant locations in the Philippines. The Kuya J Restaurant chain is best known for its crispy pata, kare-kare, caldereta, and halo-halo.