Restaurant Industry Development News

125 Restaurants Across the Southeast Roll Out Round-the-Clock Hours continue reading →

Signs Franchise Development Agreement to Expand Presence in the Greater Tampa Bay Region continue reading →

The parent company of Applebee's and IHOP plans to close up to 160 restaurants, vastly boosting the number of eateries from the two comfort-food chains that it plans to shutter. continue reading →

At launch, approximately 100 restaurants that appeal to inbound travelers and locals alike are bookable through OpenTable or via the global app, with more restaurants to be added in the coming months. continue reading →

First location to open in Kuala Lumpur, 20 more expected over the next five years continue reading →

Rita's also announcing a new test store concept in select markets - Rita's Italian Ice & Creamery - starring a rotating menu of new Hand-Scooped Frozen Custard, alongside Rita's signature Italian Ice and other 'cool treats.' continue reading →

Garden Fresh Restaurants, parent of Souplantation and Sweet Tomatoes, announced today that Perpetual Capital Partners and CR3 Capital, an investment affiliate of CR3 Partners, has acquired the 97-unit soup, salad, and bakery restaurant chain. continue reading →

Opened three new locations in the Bronx since December 2016 and announces more NYC locations on the way continue reading →

J. Alexander’s Holdings, Inc. (NYSE: JAX) and Fidelity National Financial, Inc. today announced that J. Alexander’s, Fidelity Newport Holdings, LLC, and Fidelity National Financial Ventures, LLC, a direct wholly-owned subsidiary of FNF, have entered into a definitive agreement under which J. Alexander’s will acquire 99 Restaurants, LLC, in an all-stock transaction valued at approximately $199 million, including the assumption of $20 million in net debt. continue reading →

Restaurant Brands International Inc. announced today that it has entered into an agreement with a joint venture partner to develop and grow the TIM HORTONS brand in Spain. continue reading →