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61°
Thursday, jun 4
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Franchise
Business
Golden Corral Serving Up All You Can Eat Wings Special
Golden Corral is expanding its dinner buffet to include unlimited bone-in and boneless chicken wings. The promotion is available now at participating restaurants after 4 p.m. on weekdays and during regular weekend dinner hours, although prices and schedules may vary by location. Golden Corral says the promotion is to "close out summer," but did not give a specific end date. The Raleigh, North Carolina-based chain said the seasonal feature brings back its traditional Buffalo-sauced bone-in wings and introduces hand-breaded boneless pieces served plain so diners can add Sweet Chili, Garlic P…
Business
Subway Hires Former Burger King Executive As CEO To Revitalize Sandwich Chain
The nation's largest fast-food chain has picked a former Burger King executive as its new CEO. Jonathan Fitzpatrick will become Subway's chief executive on Monday, July 28, the sandwich company announced in a news release on Monday, July 21. He'll take the role left by John Chidsey, who retired in late 2024 after leading Subway through a $9.6 billion sale to Roark Capital and overseeing several years of steep US restaurant closings. Fitzpatrick was most recently the CEO and president of Driven Brands, an automotive services provider also owned by Roark. "I'm honored to lead this …
Business
Major Auto Repair Chains Complete Massive Merger: What To Know
A major merger in the auto repair industry is out of the shop and complete. Mavis Tire has finalized its acquisition of Midas from TBC Corporation, the company announced on Monday, June 16. The purchase boosts Mavis Tire's retail network to more than 3,500 stores across the US and Canada. Midas will keep its name and continue operating from its headquarters in Palm Beach Gardens, Florida. Mavis Tire Express Services Corp. is based in White Plains, New York. The financial terms of the deal were not disclosed. "We are excited to officially welcome Midas to the Mavis family," …
Business
Trendy Hot Chicken Chain Started In Parking Lot Sold After Passing $600M Sales Mark
A private equity giant is buying a hot chicken restaurant chain that grew from a parking lot to an international brand that's very popular on TikTok. Roark Capital has purchased a majority stake in Dave's Hot Chicken, the restaurant said in a news release on Monday, June 2. Dave's said the sale will help the Los Angeles-based chain grow to more than 400 restaurants worldwide by the end of 2025. The company said it'll remain committed to delivering an "exceptional experience" for customers, employees, and franchise partners. "This is one of the great entrepreneurial journeys …
Business
Hooters Files For Bankruptcy, Joining Wave Of Struggling Restaurant Chains
Hooters, the restaurant famous for chicken wings and waitresses with skimpy outfits, is the latest national chain to file for bankruptcy. Hooters of America officially announced the Chapter 11 bankruptcy filing in a news release on Monday, Mar. 31. The Atlanta-based company filed for bankruptcy in a Texas federal court as part of a plan to sell off its corporate-owned locations and shift to a franchise-only model. The company said the move comes with "near unanimous support from key stakeholders" and aims to streamline operations while keeping all restaurants open during the restructuring p…
Business
McDonald's Launching Revamped Value Menu In New Year: Here's When
McDonald’s will ring in the new year by serving more for less. The fast food giant will unveil its new “McValue” menu nationwide starting on Tuesday, Jan. 7. McValue will include current fan-favorites, like the $5 Meal Deal, and a new “Buy One, Add One for $1” offer, allowing customers to mix and match their order. Breakfast options include classics like the sausage McMuffin and hash browns, while lunch offerings feature the 6-piece chicken McNuggets and double cheeseburger. McDonald’s is also extending through next summer its $5 Meal Deal, a combination of a McDouble or McChicken sandwi…
Business
TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants
Casual dining chain TGI Fridays has filed for bankruptcy several weeks after at least 12 of its restaurants suddenly closed. The company filed the Chapter 11 petition on Saturday, Nov. 2, in Texas, near its Dallas headquarters. Founded in New York City in 1965, TGI Fridays has 95 restaurants in the US, 39 of which the company owns and operates. The other 56 are independent franchises not involved in the bankruptcy petition. The company said that all those locations will remain open. According to the TGI Fridays website and other reports, the following locations are now listed as permanent…