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Roark Capital Agrees to Buy Subway for Reported $9.6B
Franchise Mergers and Acquisitions

Roark Capital Agrees to Buy Subway for Reported $9.6B

  • Joe Halpern
  • Updated Sep 11, 2023

Roark Capital, the Atlanta-based private equity firm with $37 billion in assets under management, beat out a number of other private equity firms to buy sandwich giant Subway.

Big Burger King Franchisee Meridian Files for Chapter 11 Bankruptcy Protection
Franchise News

Big Burger King Franchisee Meridian Files for Chapter 11 Bankruptcy Protection

  • By Laura Michaels
  • Updated Mar 10, 2023

Calling out increased costs, declining foot traffic and low sales, Meridian Restaurants Unlimited, a 118-unit Burger King franchisee, filed fo…

Why RBI? Patrick Doyle Says It’s All About the Food
Franchise News

Why RBI? Patrick Doyle Says It’s All About the Food

  • By Laura Michaels
  • Updated Mar 2, 2023

Patrick Doyle thinks the Whopper is the best burger in the business. Not only is it Burger King’s biggest strength as the brand tackles sales …

Firehouse Subs Ready to Ignite Growth Under Restaurant Brands International
Franchise News

Firehouse Subs Ready to Ignite Growth Under Restaurant Brands International

  • By Laura Michaels
  • Updated Jan 1, 2023

In the year since its purchase by Burger King parent RBI, Firehouse has hired key talent and is making investments to improve profitability as it targets domestic and international expansion.

Blue Chip Sells 24 Burger King, Popeyes Stores as M&A Activity Slows
Franchise Mergers and Acquisitions

Blue Chip Sells 24 Burger King, Popeyes Stores as M&A Activity Slows

  • Emilee Wentland
  • Updated Oct 6, 2022

Blue Chip Restaurants sold 16 Burger King and eight Popeyes stores in Kentucky and Indiana to Newell-Berg Alliance and NB Foods II, led by Kev…

Get to Know the New CEO of Burger King’s Largest Franchisee Group
Franchise News
Exclusive

Get to Know the New CEO of Burger King’s Largest Franchisee Group

  • By Callie Evergreen
  • Updated Sep 7, 2022

Get to know Paulo Pena, who took the lead in April as CEO at the largest Burger King franchisee in the system, Carrols Restaurant Group. 

With Butterfly PE Backing, Modern Restaurant Concepts Plots Growth After Qdoba Buy
Franchise Mergers and Acquisitions

With Butterfly PE Backing, Modern Restaurant Concepts Plots Growth After Qdoba Buy

  • By Callie Evergreen and Laura Michaels
  • Updated Aug 25, 2022

Since forming Modern Restaurant Concepts in 2019, Rob McColgan has been on the hunt for another better-for-you brand to add to his umbrella co…

Kitchen United CEO, CBO Detail Plans for $100M Investment
Franchise News

Kitchen United CEO, CBO Detail Plans for $100M Investment

  • Tom Kaiser
  • Updated Jul 28, 2022

Kitchen United raised $100 million and announced plans to grow from 15 to 500 locations in the coming years, partly with Circle K, a partnership that could rival its work with Kroger.

Tim Hortons Plots Growth with New ‘Biebs Brew,’ Drive-Thru Model
Franchise News

Tim Hortons Plots Growth with New ‘Biebs Brew,’ Drive-Thru Model

  • Callie Evergreen
  • Updated Jun 13, 2022

Like Justin Bieber’s recent hit, “Ghost,” he missed his limited-time “TimBiebs TimBits” donut holes more than life—but he isn’t settling for t…

Why Justin Bieber Is Juggling Donuts With Tim Hortons
Franchise News

Why Justin Bieber Is Juggling Donuts With Tim Hortons

  • Callie Evergreen
  • Updated Feb 2, 2022

Canadian pop singer Justin Bieber must have been an early adopter of the “manifesting movement” (which says if you believe it, it will happen)…

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