Popular Articles

Fat Brands Sets April 3 Bid Deadline as 120+ Buyers Circle 18 Restaurant Chains

With a court-ordered sale process now live, more than 120 potential buyers are evaluating Fat Brands' 18 chains and 2,300-plus locations. CEO Andy Wiederhorn is out, the April 3 deadline is set, and franchisees are running out of runway to protect themselves.

California Pizza Kitchen Sold to Consortium Brand Partners in Post-Bankruptcy Rebirth

A New York-based private equity consortium is betting nearly $300 million that California Pizza Kitchen's brand equity can survive a long decline from 250-plus units to 120. The deal puts multi-brand operator Convive in charge of turning the iconic casual-dining chain around.

Fat Brands Gets $184M DIP Financing as Court Ousts Wiederhorn Family: What the Management Purge and Bid Timeline Mean for 2,200 Franchise Locations

A bankruptcy court approved $184 million in debtor-in-possession financing for Fat Brands while simultaneously pushing out CEO Andy Wiederhorn and his three sons. With qualified bids due April 24 and an auction set for April 28, more than 2,200 franchise locations across 18 brands now face a compressed ownership transition timeline.

FAT Brands' Billion-Dollar Collapse: How an Acquisition Spree Led to Chapter 11

FAT Brands and affiliate Twin Hospitality filed Chapter 11 bankruptcy on January 26, 2026, capping a years-long acquisition binge that loaded the company with debt across 17 brands and 2,300-plus locations. The collapse is a case study in franchise rollup risk, and it carries direct consequences for hundreds of franchisees now operating inside a restructuring.

The QSR Real Estate Arbitrage: Why Franchise Land Deals Matter More Than Food

McDonald's doesn't make money selling Big Macs. It makes money leasing land to franchisees. Ground leases, NNN deals, sale-leasebacks - the real money in QSR is real estate, not burgers.

Fat Brands Files for Bankruptcy: Inside the $1.5 Billion Collapse of a QSR Empire

Bob Evans Gets a New Owner: 4X4 Capital's Bet on Comfort Food's Staying Power

New York PE firm 4X4 Capital acquired Bob Evans Restaurants from Golden Gate Capital in a deal announced February 5, 2026, closing the book on an unusually long 8-year hold for a private equity owner.

Denny's Just Went Private for $620 Million. Here Is What TriArtisan's Turnaround Playbook Looks Like.

Denny's completed its $620 million sale to a consortium led by TriArtisan Capital Advisors on January 16, 2026, ending nearly three decades as a public company. The deal loaded $335 million in new debt onto a chain already managing thin margins and declining traffic, and the buyer's track record with TGI Fridays and Hooters raises pointed questions about what comes next for 1,500 franchisees.

The Restaurant-Grocery Price Gap Is Widening: What It Means for QSR Traffic in 2026

USDA projects food-away-from-home prices to rise 3.7% to 4.6% in 2026, while grocery inflation is forecast at just 1.7%. The widening gap is changing how middle-income consumers spend their food budgets, and QSR operators are caught in the middle.

How to Open a Dunkin' Franchise

Dunkin' has spent the last decade transforming from a regional donut shop into a national beverage-led, on-the-go brand. The rebrand from "Dunkin' Donuts" to just "Dunkin'" in 2019 signaled the shift:

How to Open a Chick-fil-A Franchise

Chick-fil-A's franchise model is unlike any other major quick-service restaurant chain. The initial investment is shockingly low. The selection process is shockingly competitive. And the financial str

Sun Holdings: How America's No. 2 Franchisee Became a Restaurant Brand Buyer

Guillermo Perales built Sun Holdings into a 1,800-unit franchise empire. Now he's buying distressed restaurant brands outright, betting that franchise operational discipline can rescue chains that corporate ownership couldn't.

Starbucks' Turnaround Paradox: Traffic Is Up, But 420 Basis Points of Margin Just Vanished

Brian Niccol's Back to Starbucks plan is driving traffic for the first time in two years. But North America operating margins contracted 420 basis points in Q1 FY2026, RBC Capital and Wolfe Research both downgraded the stock in one week, and the CFO admits two-thirds of the damage is labor spending with no clear end date. For restaurant operators everywhere, Starbucks is now the industry's most expensive case study in what turnarounds actually cost.

McDonald's Q1 2026 Preview: Winter Storms, Value Fatigue, and the Deceleration Debate

McDonald's reports Q1 2026 earnings on April 23. After a strong Q4 with U.S. comps up 6.8%, management already warned investors to expect a sequential slowdown. Here's what operators and investors should watch.

Freddy's Frozen Custard Changes PE Hands: What Serial Buyouts Tell Us About QSR Franchise Valuations in 2026

The $700 million sale of Freddy's Frozen Custard from Thompson Street Capital to Rhône Group is the latest in a string of PE-to-PE restaurant deals. Here's what these transactions reveal about how private equity values QSR brands in 2026.

Domino's Nine-Quarter Same-Store Sales Streak Reshapes the Pizza Category

Domino's posted 3.7% U.S. same-store sales growth in Q4 2025, extending a nine-quarter streak that has redrawn competitive lines across the $46 billion U.S. pizza market. As Pizza Hut sheds 250 locations and Papa John's winds down 300, the gap between the category leader and the rest of the field keeps widening.