The Franchise Owner's most trusted news source

Log In / Register | Jan 22, 2018
News about company buy outs and mergers

How the Serruya Family Made Big Money on Shrinking Franchise Systems

Melting ice cream (photo by teakwood)

The Serruya family has bought Kahala for cheap at an auction and quickly traded the franchising conglomerate of such troubled brands as Cold Stone Creamery and Blimpie to the MTY Group for a whopping $320 million in cash and stock.

Sources Say Couche-Tard, Private Equity Consortium, Others, Vying for CST Brands

CST Brands [CST:NYSE], a chain of convenience stores and gas stations in the U.S. and Canada, is being actively considered for acquisition by Canada's Alimentation Couche-Tard Inc.

Ruby Tuesday Sells Lime Fresh Mexican Grill Chain, Focuses on Its Turnaround

MARYVILLE, Tenn.—Ruby Tuesday, Inc. (NYSE:RT) announced today that EverFresh Endeavors has bought its Lime Fresh Mexican Grill brand for $4.6 million. The sale includes the franchising and intellectual property rights for Lime Fresh.

Store Comps Up in Q1 for Krispy Kreme U.S. Franchisees

WINSTON-SALEM, N.C.—On Tuesday Krispy Kreme Doughnuts, Inc. (NYSE:KKD) reported that same-restaurant sales for its American franchises has increased by 1.6 percent in the first quarter of its fiscal year 2017, which ended May 1, 2016.

Private Equity Firm Buys Krispy Kreme for $1.35 Billion

Krispy Kreme has agreed to a $1.35 billion deal with JAB Holdings, a Luxembourg-based private equity firm that recently bought Keurig Green Mountain, a specialty coffee company.

Stockholders Approve of Starwood Merger with Marriott

Starwood's St. Regis New York hotel
Starwood's famous St. Regis NY hotel (photo/Starwood)

BETHESDA, Md. And STAMFORD, Ct.—At separate meetings on Friday, stockholders of both Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) and Marriott International, Inc. (NASDAQ:MAR) agreed to a revised proposal of a Starwood merger with Marriott.

Marriott Buys Starwood to Create World’s Largest Hotel Chain

Starwood's Westin Peachtree Plaza, Atlanta, Georgia. Photo by James Good, creative commons, Flickr
Starwood's Westin Peachtree Plaza, Atlanta, Georgia. Photo by James Good

BETHESDA, Md.—Creating the largest hotel chain in the world, Marriott International, Inc. (NASDAQ:MAR) announced Monday that it intends to buy Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) for $11.9 billion in stock and $340 million in cash.

CEO Explains Purchase of 40% of Smashburger by Asia-Based Company

Jollibee fast food. photo by Pualani
Jollibee in Iwilei area of Honolulu, Hawaii. Photo by Pualani Jensen.

It is not often that we in the U.S. hear about a Filipino company buying a large chunk of an American company. Manila-based Jollibee Food Corporations, a fast-growing owner of Asian restaurant chains, and the buyer of 40 percent of Smashburger, is paying a cool $100 million for its stake.

Warren Buffett Copying 'Subway-Type' Sandwiches in His DQ Brand

Some insiders are questioning if legendary investor and billionaire Warren Buffet has copied Subway's oven-toasted sandwiches in launching his Dairy Queen brand's latest national advertising campaign. The new ads are scheduled for September.

Burger King Franchisee Buys 60 Restaurants in Michigan

ATLANTA—Burger King franchise owner GPS Hospitality announced on Tuesday that it has purchased 60 Burger King branded restaurants from Team Schostak Family Restaurants for an undisclosed amount. The acquired quick service restaurants stretch from Detroit to Ann Arbor of Michigan's Lower Peninsula.