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.
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 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.
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.