Finances and Deals: Page 10
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Permission granted by Fogo de Chao
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 Emma Liem Beckett • Nov. 18, 2021 -
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 Julie Littman • Nov. 18, 2021 -
Explore the Trendline➔
Violeta Stoimenova via Getty Images
TrendlineRestaurant Financing
With ongoing macroeconomic pressures facing restaurants, operators are entering into alternative financing, mergers and acquisitions and even bankruptcy to sustain their businesses.
By Restaurant Dive staff -
Permission granted by Presto
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 Julie Littman • Nov. 15, 2021 -
Retrieved from Taco Bell on August 20, 2020
Private investment firm to buy one of Taco Bell’s largest franchisees
Orangewood Partners' purchase of Pacific Bells, which operates over 250 Taco Bells in nine states, comes amid a broader restaurant M&A spike.
By Alicia Kelso • Nov. 12, 2021 -
Courtesy of Reef
Reef Technology's expansionReef 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 Aneurin Canham-Clyne • 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 Julie Littman • Nov. 9, 2021 -
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 Julie Littman • Nov. 8, 2021 -
Permission granted by Workday
Sponsored by WorkdayHow 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 -
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 Alicia Kelso • Nov. 5, 2021 -
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 Julie Littman • Nov. 5, 2021 -
Permission granted by Fazoli's
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 Julie Littman • Nov. 2, 2021 -
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 Alicia Kelso • 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 Emma Liem Beckett • Oct. 27, 2021 -
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 Julie Littman • Oct. 27, 2021 -
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 Julie Littman • Oct. 22, 2021 -
Permission granted by Olo
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 Julie Littman • Oct. 22, 2021 -
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 -
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 Alicia Kelso • Oct. 15, 2021 -
Permission granted by Tahoe Joe's
BBQ Holdings will buy Tahoe Joe's Famous Steakhouses
This acquisition comes just a few months after the restaurant group bought Village Inn and Bakers Square for $13.5 million.
By Emma Liem Beckett • Oct. 7, 2021 -
Courtesy of Dickey's Barbecue Pit
Dickey's Barbecue teams with Franklin Junction to expand via host kitchens
The barbecue chain will open its first location with Franklin Junction later this month, with plans to roll out 25 units by the end of the year.
By Aneurin Canham-Clyne , Thai Phi Le • Oct. 6, 2021 -
Permission granted by First Watch
First Watch eyes significant growth following first day as public company
The proceeds of its IPO, which initially raised $170 million, will help pay off debt and fuel the chain's goal of reaching 2,200 units, CEO Chris Tomasso said.
By Julie Littman • Oct. 4, 2021 -
Courtesy of REEF Technology
Reef Technology's expansionReef Technology to open 500 ghost kitchens with 800 Degrees Pizza
The deal, which will add units in the U.S., Canada and international markets, comes less than two months after Reef partnered with Wendy's to open 700 kitchens.
By Aneurin Canham-Clyne • Sept. 30, 2021 -
Papa John’s signs largest domestic franchise deal ever
Sun Holdings has agreed to open 100 units in high-growth markets across Texas by 2029, a move that follows several large deals signed by the pizza chain to expand in new and existing international regions.
By Julie Littman • Sept. 29, 2021 -
Courtesy of Toast Inc.
Toast raises $870M on first day of IPO
Soon after trading began, co-founder Steve Fredette spoke to Restaurant Dive about investor interest during the company's roadshow and how it regained momentum after a battering from the pandemic.
By Julie Littman • Sept. 22, 2021 -
CFOs debate duration of inflation
"It's not clear yet what inflation will stick and what will be temporary," Chipotle Mexican Grill CFO Jack Hartung said Thursday, reflecting other industry leaders' concerns about planning in a year with unknown parameters.
By Jane Thier • Sept. 13, 2021
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