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Category: Restaurant Franchising

Melt Shop has opened in Union Square, New York City
Inspire Brands Closes on Sonic Acquisition

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.

Shake Shack Mexico City: Eatery Pulse Streem

Shake Shack brokers deal to expand American burger-custard chain to Mexico

Shake Shack has partnered with food and retail firm Grupo Toks to launch in Mexico with a store opening in Mexico City in 2019. The new development deal will pair the classic burger, hot dog and custard chain with the 40-year expertise of Mexico City-based Grupo Toks to build 30 stores... Shake Shack will work with local suppliers to build a flagship Shack that reflects the Mexico City community and heritage

Inspire Brands acquires Sonic for $2.3B

Roark Capital-controlled Inspire Brands to acquire Sonic Corporation for $2.3B

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.

Fatburger Buffalo's Express to open Arizona: Eatery Pulse Streem

Fat Brands announces first co-branded restaurant in Arizona

Fat Brands has announced the development of a co-branded restaurant in Cave Creek, Arizona. The first co-branded restaurant of Fatburger and Buffalo’s Express in Arizona is the result of a new deal with franchise partner Gregg Wright. Fatburger has a strong reputation with guests and a national presence since it started in Southern California 70 years ago.

Popeyes Expands in Philippines: Eatery Pulse Streem

Popeyes strikes deal for Philippines expansion

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.

Popeyes Reports Q2 2018 Financial Results: Eatery Pulse

Popeyes Q2 2018 sales driven by unit growth, restaurant delivery

Restaurant Brands International (RBI), reported financial results for Popeyes for Q2 2018. RBI acquired Popeyes Louisiana Kitchen in an all-cash transaction for $1.8B in March 2017. Popeyes grew its sales to $937M, a 10.7-percent increase, compared to a 3.3-percent increase in the same period last year.