Finances and Deals: Page 2


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    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 Oct. 7, 2021
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    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 , Oct. 6, 2021
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    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 Oct. 4, 2021
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    Courtesy of REEF Technology
    Reef Technology's expansion

    Reef 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 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 Sept. 29, 2021
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    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 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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    Permission granted by First Watch

    First Watch IPO could raise up to $218M

    The full-service breakfast concept has begun a roadshow for its proposed initial public offering of over 9 million shares, which are expected to be priced at $17 to $20 per share. 

    By Updated Sept. 22, 2021
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    FAT Brands

    Fat Brands to acquire Twin Peaks for $300M

    The deal marks Fat's entry into "polished casual dining," a departure from its rosters of QSR, fast causal and casual restaurant brands, and is the company's second major purchase this summer. 

    By Sept. 1, 2021
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    Courtesy of Toast Inc.

    Toast increases IPO to $825M

    The point-of-sale company increased its proposed maximum offering price from $100 million on Monday and estimated that its IPO prices per share would range from $30 to $33. 

    By Updated Sept. 13, 2021
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    Courtesy of Spyce

    Sweetgreen acquires automated restaurant company Spyce

    The salad chain plans to use the Boston-based firm's robot-powered technology in its restaurants to improve the guest and employee experience.

    By Aug. 24, 2021
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    Retrieved from Umami Burger on July 06, 2021

    TGI Fridays owner makes a $10M bet on C3's virtual brands

    The investment, which is part of an $80 million funding round secured by C3 earlier this month, will bring the virtual brand creator's concepts to TriArtisan Capital's three restaurant brands to help boost revenue. 

    By Aug. 23, 2021
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    Permission granted by WoodSpoon

    Burger King parent leads $14M investment in home-cooked delivery company

    Restaurant Brands International will use its financial backing of WoodSpoon to learn more about new service modes and emerging trends as it dives deeper into digital guest engagements.

    By Aug. 11, 2021
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    The image by Panera image by Mike Mozart/ Caribou image by Mack Male/ Einstein Bagel image by Phillip Pessar is licensed under CC BY 2.0 / Edited by Julie Littman/Restaurant Dive

    Panera, Caribou, Einstein Bros. Bagels combine under Panera Brands platform

    The formation of the group, which will have nearly 4,000 total locations, follows rumors that Panera Bread is considering going public.

    By Aug. 5, 2021
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    Courtesy of Gopuff

    Gopuff raises another $1B to fuel rapid growth

    The company, which is now valued at $15 billion, will use the funding to expand to new locations and offer fresh meal delivery through Gopuff Kitchens.

    By Jeff Wells • Aug. 2, 2021
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    Courtesy of California Pizza Kitchen

    California Pizza Kitchen mulling sale or IPO, Bloomberg reports

    The casual chain's annualized earnings for June are expected to be more than $10 million higher than they were before the pandemic, per Bloomberg.

    By July 26, 2021
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    Courtesy of Business Wire

    P.F. Chang's considering IPO, Bloomberg reports

    The full-service chain could file to go public as early as this year and potentially have a valuation of at least $1 billion, the outlet said.

    By July 23, 2021
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    Retrieved from Chipotle/PR Newswire on March 09, 2021

    Chipotle's digital sales rose 10.5% during Q2

    CEO Brian Niccol said he expects the company's returns to continue to improve as it accelerates its order and pay ahead model, Chipotlanes, which open with 20% higher sales compared to traditional stores.

    By , July 21, 2021
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    Courtesy of Choco

    Restaurant supply chain startup Choco secures $100M in funding

    The company, which reported transaction volume quadrupling in the past year, will use the cash infusion to deploy new payment tools and expand in its existing markets.

    By July 20, 2021
  • Portillo's targets $100M IPO

    The chain boasted strong restaurant-level sales, reaching $7.9 million average unit volumes in the 12 months ending June 27 compared to $7.7 million in 2020, according to its S-1 document filed Monday. 

    By Updated Sept. 27, 2021
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    Retrieved from Acelerate on July 15, 2021

    Host kitchen and software startup Acelerate secures $14.4M in funding

    The company licenses seven proprietary brands to existing restaurants and works with operators to bring their menus to other restaurant partners.

    By , July 15, 2021
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    Courtesy of Krispy Kreme

    Krispy Kreme prices IPO at $17, far below original plans

    The doughnut chain had planned for a range of $21 to $24 per share, but the depressed price could hint at lukewarm investor interest.

    By July 1, 2021
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    Retrieved from Local Kitchens/Business Wire on June 28, 2021

    Local Kitchens raises $25M, eyes market expansion

    The digital food hall provider will use the funding to grow further into new California markets, as well as other regions. 

    By June 29, 2021
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    Courtesy of Dutch Bros

    Dutch Bros IPO prices above forecast for $3.8B valuation

    The coffee chain will go public on the New York Stock Exchange Wednesday and raised the price of its shares to $23 each, an increase from its previously announced pricing of $18 to $20 per share.

    By Updated Sept. 15, 2021
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    Joe Raedle via Getty Images

    Danny Meyer's equity group invests $21.5M in 7shifts' labor technology

    7shifts will use the funding to scale its team and expand its product offerings, including scheduling and employee communication platforms.

    By May 26, 2021