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Dearborn Sausage Company Is Adding to Its Local Focus with the Acquisition of 4 Great Lakes Brands
Dearborn Sausage Company, Inc is happy to announce that it is adding to its local focus with the acquisition of 4 Great Lakes regional brands. Dearborn Sausage Company is uniquely suited to carry on the traditions and flavors of Butcher Boy, Virginia Davis Brand, Brookside Brand, and Farmer Peet.
Butcher Boy is an East side icon located on Little Mack in Saint Clair Shores. Known for its boneless hams and hot dogs, Dearborn Sausage is excited to keep the brand alive and relevant...
C&S Wholesale Grocers Enters Agreement to Purchase 413 Stores from the Kroger and Albertsons Merger
&S Wholesale Grocers, LLC, (C&S) an industry leader in wholesale grocery supply and supply chain solutions in the United States, has entered into a definitive agreement to purchase 413 stores, eight distribution centers and two offices that have become available due to The Kroger Co. and Albertsons Companies Inc. merger. C&S will acquire QFC, Mariano's and Carrs brand names and the exclusive licensing rights to the Albertsons brand name in Arizona, California, Colorado and Wyoming. C&S will also add five...
Red Robin Gourmet Burgers Completes Second Sale-Leaseback Transaction With Essential Properties
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) (“Red Robin” or the “Company”), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced it completed a second Sale-Leaseback transaction with Essential Properties Realty Trust, Inc. (NYSE: EPRT) to sell and simultaneously lease-back nine owned properties.
The transaction generated gross proceeds of approximately $31 million. The Company anticipates proceeds will be used to repay debt and fund capital investments, pursuant to the...
Save A Lot Sells Remaining Corporate Stores, Completes Transition to 100% Licensed Wholesaler
Save A Lot, one of the largest discount grocery chains in the U.S., announced the re-licensing of its remaining 18 company-operated stores, finalizing its ongoing strategy to shift ownership and operations of all Save A Lot locations to independent, licensed ownership and to foster continued brand growth as a licensed wholesaler.
“As we’ve made a strategic shift to become a licensed wholesaler, it’s clear that our long-term growth momentum must be rooted in the success of our strong network of Retail Partners,” said...
FAT Brands Bolsters Boards with Three New Additions
FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the appointment of three new Directors to its board, Peter R. Feinstein, Matthew H. Green and John C. Metz. With the additions, the Board size will increase to 12.
Mr. Feinstein and Mr. Green will serve as independent directors in addition to being appointed to the Audit Committee of the Board. Mr. Feinstein is an experienced operator of restaurant and entertainment properties, including SHAC, LLC, Fatburger franchises, Sugar Factory, El Dorado Cantina and Country Star Restaurants. He is also a retired certified public accountant, having...
High Bluff Capital Partners Emerges as Winner in Auction for 81 Hardee’s Restaurant Locations
High Bluff Capital Partners, the experienced investment firm driving the revitalizations of Church’s Texas Chicken, Quiznos and Taco Del Mar, will assume ownership of 81 Hardee’s restaurant locations, following a court-approved auction process for the assets of Summit Restaurant Group and related entities, a former Hardee’s operator that filed for Chapter 11 in May. The Sale Hearing in the Chapter 11 case is set for July 18, 2023. The transaction is expected to close in August.
With locations in Alabama, Florida, Georgia...
Yum! Brands Exit from Russia Complete
Yum! Brands has completed its exit from the Russian market by selling its KFC business in Russia to Smart Service Ltd., a local operator led by Konstantin Yurievich Kotov and Audrey Eduardovich Oskolkov.
The sale to Smart Service, which was announced in October 2022 and received all necessary approvals from the U.S. and Russian governments, includes all Russian KFC restaurants, operating system, master franchise rights and the trademark for the Rostik's brand.
As part of the sale and purchase agreement, Smart Service has agreed...
Analysis: UK Beef Prices Hold Firm Amid Tight Cattle Market
Urner Barry's Fall 2023 Reporter Issue Released; Read It Online For Free Now
ANALYSIS: Tom Breast Meat: Off Piste
ANALYSIS: Flank Steaks – Record Rise, Record Fall
ANALYSIS: Don’t Count Your Chickens Before They Hatch