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finance

Emerging Brands

Home Run Dugout to expand with $22.5M investment

 By Lisa Jennings on Aug. 19, 2024

The baseball-themed eatertainment concept's Series A funding round was led by Lagniappe Capital Partners, which is also a minority investor in Puttshack.

Financing

The owner of Circle K wants to buy the owner of 7-Eleven

 By Greg Lindenberg on Aug. 19, 2024

Alimentation Couche-Tard has made an offer to buy Seven & i Holdings, the owner of 7-Eleven, in a deal that would merge the two largest convenience store chains in the country.

Leadership

Sardar Biglari is trying another run at Cracker Barrel

By Peter Romeo on Aug. 19, 2024

The activist investor wants five of the 10 seats on the family-dining operator's board, including one for himself, the company said. With one ally already seated, Biglari could control a majority of votes.

Financing

Activist investor takes aim at Portillo's

By Lisa Jennings on Aug. 16, 2024

Hedge fund Engaged Capital is looking to boost the Chicago-based chain's profitability and speed national growth.

Financing

Brian Niccol gets a big incentive to take the Starbucks job

By Jonathan Maze on Aug. 15, 2024

The coffee shop giant will pay Niccol $85 million to make the jump from Chipotle Mexican Grill. Starbucks will also open a small remote office in California.

Financing

PFG is buying the Southeast's Cheney Bros. for $2.1B

By Peter Romeo on Aug. 14, 2024

The deal will provide new opportunities in Florida, Georgia and the Carolinas, according to the buyer. It also cited increased potential for private-brand sales.

Marketing

With traffic slumping, it's go time for restaurant loyalty programs

By Peter Romeo on Aug. 08, 2024

Reality Check: So-called one-to-one marketing has been touted as a sure-fire remedy for flagging business. Now's the time for proof.

Financing

TGI Fridays' acquisition by Hostmore is suddenly in question

By Joe Guszkowski on Aug. 08, 2024

U.K.-based Hostmore said this week that the deal has been delayed as the two sides work to sell their corporate TGI Fridays and go fully franchised.

Technology

AI supplier Presto to be delisted from Nasdaq

By Joe Guszkowski on Aug. 07, 2024

The tech company’s shares have been trading under $1 for most of the past year, putting it out of step with Nasdaq rules.

Leadership

Restaurant chains join forces to feed more children in need

By Peter Romeo on Aug. 07, 2024

The CEOs of operations ranging from Inspire Brands to Union Square Hospitality have pledged support for an initiative to provide meals while school is out of session.

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