Panera Brands to go public and merge with Danny Meyer SPAC. Latest restaurant IPO brings together ‘two of the world’s leading hospitality organizations. The group that is Panera Brands includes the fast-casual chain Panera Bread, along with Caribou Coffee and Einstein Bros. Bagels, with a total of about 4,000 units

Peter Buck, co-founder of Subway, dies Physicist and philanthropist started Subway with a $1,000 loan to Fred DeLuca. “Dr. Buck’s devotion to Subway, and his vision for the brand, helped grow it from a singular sandwich shop in Bridgeport, Conn., to the world’s largest restaurant

Margaritas Mexican Restaurants Recharges Franchising with New Leadership, Simplified Operations. Dinner/Evening Bar Daypart Increased Efficiency & Unit Economics. now targeting markets across the Midwest and Southeast U.S. region for franchise growth, while also remaining focused on further growth in the Northeast & Mid-Atlantic as well.

Chipotle’s challenge: Finding the right mix between digital and in-store sales. Scott Boatwright on the chain’s plan to double in size with a ‘menu of venues’ while growing more-profitable digital transactions. regained about 80% of its in-store sales while hanging onto about 80% of the digital business

Starbird Chicken Closes $12 Million Capital Raise Starbird Chicken, the nation’s first super-premium fast food concept, announced today the closing of a $12 million capital raise, includes development of additional company-owned restaurants and ghost kitchens, increasing licensing engagements, and launching its franchise offering.

Out as CEO, Zaxby’s Founder Reflects on 30 Years of Growth.Zach McLeroy is out as CEO of Zaxby’s, the chicken restaurant chain he co-founded with Tony Townley in 1990. He will become chairman in January 2022, and Bernard Acoca will become the chain’s first CEO hired from the outside.

Cloud Kitchen Platform Kitopi Plans US Expansion After Raising $60M Closing a Series B round of funding totaling $60 million, Nation's Restaurant News reported. Kitopi ...

Jack in the Box sees room for more menu price increases to mitigate hits from staffing and supply challenges Strong two-year comparable sales increasesBut the quick-service chain has room to raise menu prices by mid- to high-single digits next year to deal with continuing external

Franchise Equity Partners Launches with $1 Billion Portfolio Target. FEP will focus on partnering with successful owner operators across the U.S. franchising sector with an initial target portfolio size of $1 billion. The Firm is led by Co-Founders and Managing Partners Michael Esposito and Scott Romanoff.

Subway® Announces Its Largest Ever Master Franchisee Partnership With Everstone Group To Expand Its Presence In India With new agreement, more than 2,000 new restaurants to open across India, Sri Lanka and Bangladesh in the next 10 years

Famous Toastery Relaunches Franchising with Plans to Double Its Presence to 50 Units by 2024 Franchisees continue to reinvest in the made-from-scratch better breakfast, brunch and lunch brand amid the pandemic, high-quality food that keeps guests coming back for more and a focus on each franchise location’s success.

Technology Can Flip the Script on Fast-Food Labor Shortages The CEO of Miso Robotics on why a technological “flipping point” for quick. You may have heard about Flippy, the robotic kitchen assistant now pulling shifts at fast-food chains like White Castle service has been decades in the making.

Wendy's closed some dining rooms because of the labor shortage, which it said is putting pressure on its drive-thrus.Wendy's CEO Todd Penegor said the company had more dining rooms closed during Q3 than Q2. Around 15% of its dining rooms were closed during the third quarter.

Subway Signs MaThe agreement with Alhokair is part of Subway’s multi-year transformation journey to build a Better Subway and improve across all aspects of the brand as the business expands its presence around the world.jor International Growth Deal in Kingdom of Saudi Arabia.

Global Franchise Market Exhibition begins with more than 50 international brands. This exhibition features more than 50 brands showcased by regional and international exhibitors. Brand representatives will have an exclusive opportunity to access the Franchise Business Hub,

Sixty Vines Encourages Wine Lovers to Live Sustainably with New Product Lineup. Since April, the sustainable-first restaurant has been asking guests to recycle corks at their nearest Sixty Vines. In return, guests received a taste from the tap. Corks were then recycled and shared with local

McDonald's just announced it's completely changing the customer experience McDonald's has concluded that there's only one way to go for customers. Instead, how about machines doing it all faster than humans ever could?

Fuzzy's Taco Shop Lays Out Plan for Experiential Empire The 150-unit chain will lead a company that seeks acquisitions in fast casual, quick service, and full serviceThat’s the scope in which Fuzzy’s and NRD will seek acquisitions in the near future, and it will do so.

Investment group urges McDonald’s civil-rights audit SOC asks board to conduct third-party assessment on issues such as racism and diversity. McDonald’s board urging a third-party audit of policies and practices on the civil rights of company shareholders, franchisees, workers

Hold the meat: Burger King, Chipotle, Starbucks top fast-food rankings on World Vegan Day 2021. Only seven chains were designated as “Menu Movers,” the report card’s top ranking: Burger King, Chipotle, Starbucks, KFC, Panera Bread, Pizza Hut and Taco Bell. Thirty-nine of the country’s

Local Italian restaurant chain planning 30 franchise locations in Phoenix. Mici Handcrafted Italian’s Arizona locations are expected to open over the next 7 or 8 years. The local Italian chain announced last week that it will begin franchising out-of-state for the first time, having signed a deal for 30 franchise locations in the Phoenix area

The Peach Cobbler Factory ContinuThe Peach Cobbler Factory has multiple revenue streams from quick service dessert bar, catering, mobile units and delivery options. The startup for a Peach Cobbler Factory is $65,000.00 to $125,000.00 and the startup time is 60-120 days.es Expansion Into Ohio.

Franchise association taps next top lobbyist. FRANCHISES TAP LAYMAN AS NEXT TOP LOBBYIST: The International Franchise Association has named Mike Layman as its senior vice president for government relations and public affairs. He’ll take over from Matt Haller,

Tint World® honors top 2021 franchises and looks to the future at International Franchise Convention. Leading automotive customization and window tinting franchise Tint World® Automotive Styling Centers™ celebrated its top franchise owners with a variety of awards recently

Muscle Maker signs 40 unit franchise deal. Muscle Maker Grill continues rapid expansion with Saudi Arabia deal. This represents the second international agreement after 10-unit Kuwait agreement. Deal, if fully executed, could potentially increase international footprint by up to 400%

Preparing for a Food Safety Crisis Requires Emergency Operating Procedures In this new era of the COVID-19 pandemic, the restaurant industry has evolved toward the safety of employees and customers.

Buddy’s Home Furnishings Signs Multi-Unit Franchise Deal In Georgia. TryBudCo has the potential to open as many as 10 franchised locations with Buddy’s, although only three are confirmed at this time. Buddy’s adopted the franchise model in 2009 and was acquired by Franchise Group, Inc.

A guide on: How to Franchise in Dubai: Due to the relative ease of doing business in Dubai and the western friendly culture, there is a strong history of businesses expanding their brands through the franchise model in Dubai. Dubai, one of the seven emirates of UAE is heavily reliant on the tourism industry franchise your Business in Dubai.

What Types of Franchises Are Most Profitable? Franchises that consistently rank highest in metrics like revenue and growth potential include fast food chains, coffee shops and home services. A reliable way to determine a franchise’s future profitability is by first

Sun Holdings acquires 131 Applebee's franchise units Move follows purchaThe group of restaurants in 14 states were operated by RMH Franchise, which was sold by a private equity group. The acquisition by Sun Holdings sends a strong signal about the brand’s momentum,