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Log In / Register | Jul 23, 2017
News about company buy outs and mergers

Private Equity Firm Takes Panera Bread Private

JAB, a private equity firm, has completed its acquisition of Panera Bread, taking the firm private. It was delisted on NASDAQ on Tuesday. Sam Covelli, CEO of Panera's largest franchisee, the 300-plus-unit Corelli Enterprises, indicated that he wasn't expecting any untoward changes.

Busy Week in Restaurant M&A

Interest by private equity and other companies in the acquisition of franchise restaurant brands are running at a brisk pace. Back Yard Burgers, Blaze Fast-Fire’d Pizza and Panera Bread were part of a busy buying streak just last week, along with non-franchise restaurant brands as well.

Must-Ask Questions before a Buyer Seals an M&A Deal

Most franchisees aren't looking to buy a franchisor, although it has been known to happen, but given the frequency of mergers and acquisitions in the franchising world, it's an aspect that could soon, if it hasn't already, affect them.

Tim Hortons Franchisees Get Bum's Rush at Annual Meeting

Tim Hortons franchisees who traveled to Tim Hortons' parent company Restaurant Brands International (RBI) annual shareholders meeting in Oakville, Ontario, Canada yesterday were in for a shock. CEO Daniel Schwartz, in an apparently highly unusual move at RBI or any other publicly held company, did an end run around them and ended the meeting without entertaining questions from anyone in the audience. 

Marcato Says Buffalo Wild Wings Refranchise Plan 'Not Risky'

Mick McGuire, founder of Marcato Capital Management, which is Buffalo Wild Wings' largest shareholder with approximately a 9.9 percent stake, says his plans to refranchise more of the chain's restaurants is "not risky." But Institutional Shareholder Services, a proxy advisory firm, disagreed, calling the plan to take franchised units from 50 percent up to a whopping 90 percent "unwise."

Dwyer Group Buys Britain’s Bright & Beautiful

The Dwyer Group Inc. announced today that it has completed the acquisition of cleaning service firm Bright & Beautiful U.K. Ltd.

Panera CEO Says Company Freer to Plan Long Term after Going Private

In the stock market a lot of emphasis is put on short-term profits and little on what's good for a company in the long run. Panera Bread CEO, chairman and founder Ron Shaich says the JAB buyout of Panera Bread, which will take the firm private, will free it from the pressure to concentrate on good short-term numbers for shareholders, allowing it to do more.

Europe’s JAB Buys Panera Bread for $7.5B

Panera BreadLuxemburg-based investment firm JAB has announced that it will purchase franchisor Panera Bread Company (NASDAQ:PNRA) for US$7.5 billion, taking the publicly traded company private.

Tim Hortons President Apologizes to Franchisees, Vows Quick Remedial Action

During a private conference call with franchisees last week, Elias Diaz Sese, Tim Hor­tons pres­i­dent, apologized to franchisees for not paying enough attention to their concerns. He and other executives said they would take immediate action to address problems brought up by franchisees through their three-week-old Great White North Fran­chisee As­so­ci­a­tion.

Tim Hortons Franchisees Up in Arms against New Owner

The franchisees of Canadian-based quick service restaurant chain Tim Hortons have banded together into the Great White North Franchisee Association to counteract what they see as the harmful actions of their new owner, Restaurant Brands International, which in turn is 51 percent owned by Brazilian private equity and hedge fund firm 3G Capital.