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Log In / Register | Mar 24, 2017

CEO Nolan Is Smashburger’s Latest Casualty

The Smashburger franchised hamburger chain has appointed its chief brand officer Thomas Ryan as its new CEO and president, following former CEO Michael Nolan's abrupt departure Tuesday.

As Smashburger CEO Crane Leaves, Long Live Chief Nolan

Michael Nolan
Smashburger new CEO Michael Nolan

DENVER—In an email on Friday to employees and franchisees, Smashburger announced that its CEO, Scott Crane, was immediately leaving the company. Three working days later, yesterday, the franchisor of better burger restaurants announced it had appointed a replacement – industry veteran Michael Nolan.

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.

Former Smashburger CEO Sues Chain, Schaden Owners for Millions in Stock

_PWS3833Ex-Smashburger CEO David Prokupek has filed a lawsuit against the chain and owners Consumer Capital Partners, claiming he was deceptively cheated out of millions of dollars in stock after they fired him last year.

Smashburger Closes on $35M Financing Deal; IPO on Hold

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In an interview last week, Smashburger CEO Dave Prokupek said “an initial public offering may still be possible on the horizon,” though the burger chain just closed a $35 million financing deal to fund ongoing growth.

Smashburger to Spotlight "Smashing" Technique on Television

While fast-growing Smashburger seems to be doing well without television advertisements, hitting 208 restaurants in the last six years, the Denver-based company is now ready to promote its success to a broader audience.

Quiznos Strikes Deal on Debt Restructuring

Quiznos Lower Price Every Day Campaign 2009
Quiznos 2009 marketing campaign, "Lower prices every day." photo/AR McLin

DENVER - After struggling with slumping sales and a recent violation of debt terms, Quiznos has now struck a deal with Avenue Capital Group, a hedge fund controlled by billionaire Marc Lasry.

Smashburger Opens 100th Store

Inside a Smashburger in Kentucky
Being served as customer #27 inside a Kentucky Smashburger, photo/bmm

DENVER — Better burger concept Smashburger announces that it has opened the doors of its 100th store with the grand opening of a Schaumburg, Illinois franchise on April 27.