Blackstone brokers deal to acquire Tropical Smoothie Cafe
Blackstone has entered a definitive agreement to acquire Tropical Smoothie Cafe, a franchisor of fast-casual restaurants, from Levine Leichtman Capital…
24 Apr 2024
Lavazza to buy additional 28.36% stake in IVS Group for €185m
Italian coffee company Lavazza is set to increase its ownership in IVS Group, a vending machine operator in Italy, by acquiring an additional 28.36% stake for €185m ($197m). The Turin-based…
23 Apr 2024
Flynn Group acquires 26 Applebee’s restaurants in US
Flynn Group has concluded the acquisition of 26 Applebee’s restaurants across Florida and Georgia, US, from Applebee’s franchisee Doherty Enterprises. Doherty Enterprises has been an Applebee's franchisee for more than…
22 Apr 2024
Tijuana Flats acquired by Flatheads, files for Chapter 11 bankruptcy
Tijuana Flats, a fast-casual restaurant chain based in Maitland, Florida, US, has announced its acquisition by Flatheads following the closure of 11 outlets and a Chapter 11 bankruptcy filing. The…
22 Apr 2024
Heritage Restaurant Group to acquire Brick Alley Pub in Rhode Island
Heritage Restaurant Group has entered an agreement to acquire Brick Alley Pub, a US-based restaurant that has been present in the local dining scene for more than four decades. The…
19 Apr 2024
LSI acquires EMI Industries to expand food service equipment business
Lighting and retail display manufacturer LSI Industries has acquired EMI Industries for a cash price of $50m to expand its store fixtures and food service equipment business. Based in Florida,…
17 Apr 2024
TGI Fridays to merge with UK franchisee Hostmore in $220m deal
TGI Fridays has agreed to an all-share acquisition by its UK-based hospitality business Hostmore. The £177m ($220m) transaction will be finalised in the third quarter of 2024. Hostmore chairman Stephen…