Category: Restaurant Industry News
Pinstripes set to go public via Banyan merger, valued at $520m
Pinstripes, a Chicago-based experiential dining and entertainment company, is set to become a publicly traded entity, at a pro forma enterprise value of about $520 ... Read More
Hooters expands presence with new location in Flemington, New Jersey
Hooters, an American wing joint, has announced the opening of its newest location in Flemington, New Jersey. Situated at 250 Highway 202, the Flemington restaurant ... Read More
Pizza Hut hits milestone with 3,000th store in China under Yum China
Pizza Hut, under Yum China Holdings, has marked a major milestone in its expansion by opening its 3,000th store in Qinhuangdao, a coastal city in ... Read More
Subway to expand Chinese footprint with 4,000 quick-service restaurants
Subway, a quick-service restaurant (QSR) brand, has entered into a master franchise agreement with Shanghai Fu-Rui-Shi Corporate Development Co., Ltd. (FRS) to expand its presence ... Read More
Helbiz Kitchen opens ghost kitchen in New York City
Helbiz Kitchen, a subsidiary of micromobility.com Inc., has opened its first ghost kitchen in New York City. The ghost kitchen is situated at West 38th ... Read More
Riveter Capital acquires food service provider Twelve Oaks Catering
American private equity firm Riveter Capital has acquired food service provider Twelve Oaks Catering Company, which provides meals to children in Dallas, Texas. The financial ... Read More
Helbiz Kitchen opens kitchen in Los Angeles’ Westwood neighborhood
Helbiz Kitchen, a Helbiz company, has launched its second kitchen in Los Angeles, in the Westwood area to bring cuisines from around the world and ... Read More
Xperience Restaurant Group acquires restaurant portfolio from RM Restaurant Group
Xperience Restaurant Group, a casual and fine dining operator, has acquired Texas-based Rio Mambo Tex Mex y Mas and THE RIM scratch craft eats from ... Read More
McWin to acquire majority stake in German casual dining chain L’Osteria
McWin will acquire a majority stake in L’Osteria, a casual dining operator in Germany and Austria to further accelerate its expansion both in the DACH ... Read More
Foodtastic to acquire Canadian fast casual restaurant franchise Freshii
Canadian restaurant brands franchisor Foodtastic will acquire Freshii, a healthy fast food restaurant chain, in an all-cash transaction valued at around CAD 74.4 million ($55 ... Read More