Category: Restaurant Industry News

McWin to acquire majority stake in German casual dining chain L’Osteria

Raghuram Kadari- January 26, 2023

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

Raghuram Kadari- December 23, 2022

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

CenterOak Partners sells Wetzel’s Pretzels to MTY Food Group

businessnewstoday- December 11, 2022

CenterOak Partners has wrapped up the previously announced $207 million sale of Wetzel’s Pretzels to MTY Franchising USA, a fully-owned subsidiary of MTY Food Group. ... Read More

Reborn Coffee to acquire specialty coffee shop and roasting R&D facility in Daejeon

businessnewstoday- December 10, 2022

Reborn Coffee, a specialty coffee retailer based in California, has inked a binding letter of intent (LOI) for acquiring a specialty coffee shop and a ... Read More

Spanish restaurant operator AmRest to sell KFC business in Russia to Almira

businessnewstoday- December 8, 2022

AmRest Group, a Spanish multi-brand restaurant operator, has entered into a deal to sell its KFC restaurant business in Russia to Almira. The casual dining, ... Read More

Fleming’s Prime Steakhouse & Wine Bar to open in Fort Lauderdale today

Raghuram Kadari- December 7, 2022

American steakhouse restaurant chain Fleming's Prime Steakhouse & Wine Bar today will open a new restaurant destination in Fort Lauderdale, Florida, bringing its culinary mastery, ... Read More

NRD Capital to sell fast casual restaurant Fuzzy’s Taco Shop to Dine Brands

Raghuram Kadari- December 7, 2022

NRD Capital Management, an Atlanta-based middle-market private capital partner, has agreed to sell its Experiential Brands subsidiary’s unity Fuzzy’s Taco Shop to Dine Brands Global, ... Read More

Village Food Courts to bring fast-casual brands Capriotti’s and Wing Zone to India

Raghuram Kadari- November 12, 2022

Capriotti's Sandwich Shop and Wing Zone have entered into a 50-unit Master Franchise agreement with Village Food Courts (VFC), a Village Groupe company, to increase ... Read More

Britt Café & Bakery opens gourmet cafeteria in Santiago de Chile airport

businessnewstoday- July 25, 2022

Britt Café & Bakery, a Costa Rican brand, has opened a gourmet cafeteria in Chile, which is located in the Santiago de Chile airport’s new ... Read More

McDonald’s to sell Russian fast food restaurants to Alexander Govor

businessnewstoday- May 21, 2022

McDonald’s Corporation said that it has signed a sale and purchase agreement to offload its Russian business to its existing licensee Alexander Govor. The financial ... Read More