Finances and Deals

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    The image by Kzoo Cowboy is licensed under CC BY 2.0

    Tropical Smoothie is eyeing an IPO, Bloomberg reports

    After a year of solid same-store sales growth, the chain may go public, following several successful restaurant IPOs in 2021.

    By Jan. 20, 2022
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    The image by Pixabay is licensed under CC BY 1.0

    Cooper's Hawk planning 2022 IPO, Bloomberg reports

    The restaurant is targeting a valuation of $1 billion if it goes public, more than double the valuation of Krispy Kreme, Sweetgreen and Portillo's.  

    By Jan. 13, 2022
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    Joe Raedle via Getty Images

    Papa Johns will open over 1,350 stores in China by 2040

    The pizza chain's largest franchisee development deal to date will grow its global unit count by 25% and continue its aggressive expansion push.

    By Jan. 7, 2022
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    Courtesy of Krispy Kreme

    How 2021's restaurant IPOs have performed so far

    From Dutch Bros' booming IPO to Krispy Kreme's less-than-stellar initial stock performance, these are the companies that went public this year. 

    By Dec. 20, 2021
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    TennesseePhotographer via Getty Images

    10 most impactful restaurant M&A deals of 2021

    Plentiful capital, concerns over changing tax laws and a decent recovery among QSRs helped drive transaction activity in 2021, but 2022 could slow dealmaking and spark more interest in full-service chains. 

    Dec. 15, 2021
  • Fertitta Entertainment may pay $33M to kill merger with Fast Acquisition Corp.

    The deal would have taken Fertitta public, but owner Tilman Fertitta ultimately decided to keep the company private. Fast will continue to look for another operating company to combine with.

    By Dec. 13, 2021
  • Jack in the Box to buy Del Taco for $575M

    The transaction, which is expected to close during the first quarter of 2022, will result in a combined unit count of 2,800 across 25 states. 

    By Updated Dec. 6, 2021
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    Permission granted by MOD Pizza

    Mod Pizza plans to go public

    An entrance into the public market caps off a year of recovery in which the fast casual chain opened its 500th store, despite posting a 5% decline in systemwide sales in 2020.

    By Nov. 23, 2021
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    Fogo de Chao plots return to the public markets

    The Brazilian steakhouse chain went private in 2018 through a sale to Rhone Capital, but hopes an initial public offering will help it pay down debts and open 300 units over 20 years.

    By Nov. 18, 2021
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    Permission granted by Sweetgreen

    Sweetgreen goes public with $364M IPO

    The fast casual company, which isn't yet profitable, plans to use technology to increase restaurant-level margins and average unit volumes.

    By Nov. 18, 2021
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    How Presto's public debut could help restaurants improve labor productivity

    Raising millions of dollars in capital will help the restaurant technology company invest in improving its labor saving and guest experience products.

    By Nov. 15, 2021
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    Courtesy of Reef
    Reef Technology's expansion

    Reef will offer C3's brands at 800 locations by 2025

    The news is an expansion of a previous deal between the two companies to develop 500 units by 2025. C3 brands currently operate out of 125 Reef ghost kitchen vessels. 

    By Nov. 10, 2021
  • Panera Brands plans to go public

    Danny Meyer's special purpose acquisition company, USHG Acquisition Corp., will become a cornerstone investor in Panera Brands and Meyer will invest directly in the company once it goes public. 

    By Nov. 9, 2021
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    Jack Taylor via Getty Images

    Uber Eats' restaurant delivery reaches profitability for first time

    The company reinvested its profits into new verticals, allowing it to expand into new areas of delivery, such as baby and kids. 

    By Nov. 8, 2021
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    Permission granted by Workday
    Sponsored by Workday

    How P.F. Chang's fuses innovation and business continuity during uncertain times

    P. F. Chang's determined that their financial system was at its end of life and needed to be replaced. What was their solution? 

    Nov. 8, 2021
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    Courtesy of Dickey's Barbecue Pit

    Dickey's accelerates expansion with 100 more units through Ghost Kitchen Brands

    The barbecue chain continues to partner with ghost kitchen companies to expand its presence in North America. The latest collaboration brings it into Walmart. 

    By Nov. 5, 2021
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    Scott Olson via Getty Images

    Shake Shack plans largest expansion to date with up to 50 units in 2022

    The company will focus primarily on suburban markets where units can be built in freestanding locations or within shopping centers, executives said Thursday. 

    By Nov. 5, 2021
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    Fat Brands buys Fazoli's for $130M

    The multi-branded restaurant platform has made its fourth acquisition in the last 15 months with the addition of the 200-unit QSR chain, which has a pipeline of another 100 units. 

    By Nov. 2, 2021
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    Courtesy of NRD Capital

    Fuzzy's Taco Shop parent forms new restaurant group Experiential Brands

    The company aims to double the Mexican brand's footprint in five years, while also looking for other food and beverage concepts to add to its portfolio.

    By Oct. 27, 2021
  • McDonald's will sell McD Tech Labs to IBM

    The sale of the platform reflects the chain's evolving approach to insourcing versus outsourcing technology, CEO Chris Kempczinski said.

    By Oct. 27, 2021
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    Permission granted by Dig

    Dig raises $65M to fuel expansion, employee benefits

    The vegetable-centric restaurant plans to use the funding to reopen units closed during the pandemic and add locations in new markets, growing from 30 to 60 units in the next three years. 

    By Oct. 27, 2021
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    Permission granted by Portillo's

    Portillo's eyes 600 units following its $405M IPO

    CEO Michael Osanloo said the Chicago-based chain's new capital structure allows it to pay off significant debt, and it expects to open locations in nearby Midwestern states and the Sunbelt.

    By Oct. 22, 2021
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    Olo buys Wisely for $187M, its first acquisition as a public company

    The transaction will allow Olo to expand its capabilities, which have largely been focused on online ordering, to include customer intelligence and engagement tools. 

    By Oct. 22, 2021
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    Drew Angerer via Getty Images

    Tracing the restaurant franchising boom

    Why are so many chains investing in rapid franchise expansion? What states and segments are the most attractive? Restaurant Dive explores these questions and more in a four-part article series.

    Oct. 18, 2021
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    Courtesy of PR Newswire

    C3 secures another $10M in funding

    With this investment, Creating Culinary Communities also gains access to invitation-only, private capital investor Lurra Capital's global partners to facilitate growth. 

    By Oct. 15, 2021