Melt Shop has opened a new restaurant in the Union Square neighborhood of New York City. This will be the fifth restaurant for the Melt Shop in the city and […]
At a time of franchisor-franchisee discord, experts go back to the start The restaurant franchising relationship should be a mutually-beneficial endeavor given so many potential rewards and benefits. The franchisor has created a brand that can be easily replicated and managed, […]
The Cicis buffet pizza chain has begun offering a new Cicis franchisee incentive program as 2019 fast-approaches. Cicis will offer $77,500 to offset upfront new store development costs. This Cicis […]
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 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
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.