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☆ Buffalo Wild Wings leans into Go takeout format as a third of sales move off premises
▼ + stars: | 2024-04-11 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

The 100th location of Buffalo Wild Wings Go opened Wednesday on the Upper East Side in Manhattan. Buffalo Wild Wings opened its 100th Go location on Wednesday in New York City, four years after unveiling the quick-service offshoot of its sports bar chain. Since 2018, Buffalo Wild Wings has been a part of Inspire Brands, which is backed by private equity firm Roark Capital. Buffalo Wild Wings' revenue fell 1% in 2023 to $2.32 billion, according to franchise disclosure documents. Opening a traditional Buffalo Wild Wings location requires anywhere from $2.44 million to $4.83 million in initial investment, depending on the restaurant's location and other factors, according to franchise disclosure documents.

Persons: Jimmy John's, Dunkin, Robbins, Red Robin, Jack Litman Organizations: Buffalo Wild Wings, Manhattan . Buffalo Wild Wings, Inspire Brands, Roark Capital, Baskin, Inspire, Barclays, Munson Group Locations: Side, Manhattan, New York City, BWW

☆ Inspire Brands CEO is 'pleasantly surprised' about the resiliency of consumers
▼ + stars: | 2024-03-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Despite the ongoing pressures of inflation, Inspire Brands CEO Paul Brown told CNBC's Jim Cramer on Tuesday he's seen that consumers have been resilient. Inspire Brands owns numerous well-known restaurant chains including Dunkin', Baskin-Robins, Buffalo Wild Wings, Arby's, Jimmy John's and Sonic. "We see about 75% of Americans every year in one of our restaurants, given the breadth of our brands," Brown said. "So we do see the nation, and we have been pleasantly surprised about the resiliency. Correction: A previous version of this story mischaracterized the name of Inspire Brands.

Persons: Paul Brown, CNBC's Jim Cramer, Dunkin, Jimmy John's, Brown Organizations: Inspire Brands, Baskin, Robins, Buffalo Wild Wings Locations: Rhode Island

☆ Inspire Brands CEO Paul Brown sits down with Jim Cramer
▼ + stars: | 2024-03-05 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInspire Brands CEO Paul Brown sits down with Jim CramerInspire Brands Co-Founder and CEO Paul Brown joins 'Mad Money' host Jim Cramer to talk the fast food sector, its offerings across several brands, digital integration with ordering and more.

Persons: Paul Brown, Jim Cramer Organizations: Inspire, Brands

☆ 'Dunkin' is on fire' right now, says Inspire Brands CEO Paul Brown
▼ + stars: | 2024-03-05 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Dunkin' is on fire' right now, says Inspire Brands CEO Paul BrownInspire Brands Co-Founder and CEO Paul Brown joins 'Mad Money' host Jim Cramer to talk the fast food sector, its offerings across several brands, digital integration with ordering and more.

Persons: Paul Brown, Jim Cramer Organizations: Inspire Brands, Paul Brown Inspire Brands

Aug 24 - Subway has agreed to sell itself to private equity firm Roark Capital in a deal valuing the sandwich chain at more than $9 billion, sources said, ending a long-drawn auction that saw several bids from buyout firms. The deal will make Roark Capital one of the largest restaurant operators in the world. It controls Inspire Brands, the owner of restaurant chains including Jimmy John's, Arby's, Baskin-Robbins and Buffalo Wild Wings. Subway said in February it was exploring a possible sale, drawing interest from private equity firms including Roark, Advent International, TDR Capital and TPG as well as Goldman Sachs' asset management arm. The restaurant chain had then hoped to fetch more than $10 billion, owing to its strong brand and international business.

Persons: Roark, Jimmy John's, Neil Saunders, GlobalData, Goldman Sachs, Anirban Sen, Deborah Sophia, Arun Koyyur Organizations: Roark Capital, TDR, Sycamore Partners, Brands, Baskin, Robbins, Buffalo Wild Wings, Subway, Advent, TDR Capital, TPG, Thomson Locations: U.S, North America, New York, Bengaluru

☆ Subway is being sold to a massive private-equity firm, finally moving the sandwich chain away from family ownership after nearly 60 years
▼ + stars: | 2023-08-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Roark's brands include Arby's, Dunkin', Buffalo Wild Wings, and rival sub store Jimmy John's. Subway is in the midst of a huge rebrand after suffering from a sales slump. Through Inspire Brands, it also owns another sub chain — Jimmy John's — which has more than 2,600 stores. AdvertisementAdvertisementSince the first Subway store opened in 1965, the company has been owned by its two founders, Fred DeLuca and Peter Buck, and their families. The sandwich chain announced last month that it had achieved 10 consecutive quarters of positive sales, including recording its highest weekly average unit volume in North America in the second quarter of 2023.

Persons: Dunkin, Jimmy John's, John Chidsey, Fred DeLuca, Peter Buck, It's Organizations: Roark, Arby's, Buffalo Wild Wings, Service, Roark Capital, Subway, Inspire Brands Locations: Wall, Silicon, North America

These conditions, known as an earn-out, defer payment on part of the deal consideration, the sources familiar with the matter said. The arrangement helped bridge a gap in the valuation expectations between Roark Capital and the DeLuca and Buck families that own Subway, according to the sources. The deal will make Roark Capital one of the largest restaurant operators in the world. Subway said in February it was exploring a possible sale, drawing interest from private equity firms including Roark, Advent International, TDR Capital and TPG as well as Goldman Sachs' asset management arm. Roark and Subway have 12 months to close the deal, which has a 4% breakup fee, sources said.

Persons: Roark, DeLuca, Buck, Jimmy John's, Neil Saunders, GlobalData, Goldman Sachs, Anirban Sen, Abigail Summerville, Deborah Sophia, Arun Koyyur Organizations: Roark Capital, TDR, Sycamore Partners, Brands, Baskin, Robbins, Buffalo Wild Wings, Subway, Advent, TDR Capital, TPG, Thomson Locations: U.S, North America, New York, Bengaluru

☆ Subway sandwich chain sells itself to Dunkin' owner Roark Capital
▼ + stars: | 2023-08-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

In this photo illustration, a Subway meal is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Roark Capital is buying Subway, ending the sandwich chain's more than five decades of family ownership and marking a new era for the struggling company. Subway dwarfs all of them by number of restaurants, and brings in more annual sales than all but Dunkin'. Through holding company Inspire Brands, Roark owns Dunkin', Baskin-Robbins, Sonic, Arby's, Buffalo Wild Wings and Jimmy John's. Roark plans to keep Subway as a separate entity within its portfolio, Subway CEO John Chidsey told the Journal.

Persons: Roark, Dunkin, Robbins, Jimmy John's, Anne's, Carvel, Neil Saunders, John Chidsey, Chidsey, Fred DeLuca, Peter Buck, Jared Fogle, DeLuca, Buck Organizations: Roark Capital, Subway, TDR, Sycamore Partners, Wall Street, Inspire Brands, Baskin, Buffalo Wild Wings, Focus Brands, Journal ., Business Locations: Austin , Texas, Cinnabon, Connecticut, U.S

☆ Subway has sold itself to a private equity firm
▼ + stars: | 2023-08-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. “This transaction reflects Subway’s long-term growth potential, and the substantial value of our brand and our franchisees around the world,” Subway CEO John Chidsey said in a statement. However, the Wall Street Journal reported the purchase price was “around $9.6 billion,” which would be slightly below the chain’s $10 billion asking price. Despite the sales turnaround, the number of US Subway stores declined to 20,576 last year according to Technomic. Another issue for Roark: Yearly sales at Subway US restaurants are still much lower compared to its sandwich-making rivals.

Persons: Roark Capital, ” Roark, Auntie Anne’s, Carvel, John Chidsey, Roark, Roark’s, Dunkin ’, Jimmy John’s, “ Roark, ”, Neil Saunders, GlobalData, ” Saunders, Trevor Haynes, He’s, Douglas Fry Organizations: New, New York CNN — Subway, Roark, Subway, Buffalo Wild Wings, Sonic, ” Subway, “, Wall Street Journal, ”, Inspire Brands, Inspire, US Subway, QSR Magazine, Jersey, Subway’s North Locations: New York, North America, Subway, Subway’s North America, Canada

Reuters reported on Tuesday on a so-called earn-out agreement that was key to Roark clinching a deal for Subway. Roark prevailed over a rival bidding group led by buyout firms TDR Capital and Sycamore Partners, whose final offer was for $8.75 billion including an earn-out, and $8.25 billion without, the sources said. Roark took the view that the restaurant market is too fragmented for the deal to raise competition concerns, the sources added. Roark and Subway, which announced the deal on Thursday, declined to comment on the terms. Roark currently controls Inspire Brands, the owner of restaurant chains including Jimmy John's, Arby's, Baskin-Robbins and Buffalo Wild Wings.

Persons: Roark, DeLuca, Buck, John's, Jimmy John’s, Jimmy John's, Neil Saunders, Peter Buck, Fred DeLuca, JPMorgan Chase, Sullivan, Cromwell, Weiss, Garrison, Roark Capital, Morgan Stanley, Anirban Sen, Abigail Summerville, Deborah Sophia, Greg Roumeliotis, Marguerita Choy Organizations: Roark, Reuters, Subway, TDR Capital, Sycamore Partners, Inspire Brands, Baskin, Robbins, Buffalo Wild Wings, JPMorgan, Cromwell LLP, Thomson Locations: Connecticut, U.S, Bridgeport , Connecticut, The Milford , Connecticut, Rifkind, Wharton, New York, Bengaluru

A Subway sandwich shop logo is pictured in the Manhattan borough of New York February 14, 2014. These conditions, known as an earn-out, defer payment on part of the deal consideration, the sources said. The Wall Street Journal reported on Monday that Roark Capital was nearing a deal to buy Subway for about $9.6 billion. A spokesperson for Subway declined to comment, while representatives for Roark and TDR did not immediately respond to requests for comment. Roark controls Inspire Brands, owner of the Jimmy John's, Arby’s, Baskin-Robbins, Buffalo Wild Wings, Dunkin’, Rusty Taco and SONIC Drive-In chains.

Persons: Carlo Allegri, Roark, DeLuca, Buck, John's, TDR, Sycamore, Goldman Sachs, Fred DeLuca, Peter Buck, Jimmy John's, Dunkin ’, Rusty Taco, Jimmy John’s, Abigail Summerville, Anirban Sen, Greg Roumeliotis Organizations: REUTERS, TDR, Sycamore Partners, Goldman Sachs, Subway, Street, Roark Capital, Goldman, Inspire Brands, Baskin, Robbins, Buffalo Wild Wings, Thomson Locations: Manhattan, New York, TDR Capital, Bridgeport , Connecticut, The Milford , Connecticut, U.S, Champaign , Illinois

☆ Subway nears $9.6 bln sale to Arby's owner Roark - WSJ
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

The Subway restaurant logo is seen on a napkin in this illustration photo August 30, 2017. REUTERS/Thomas White/Illustration/File Photo Acquire Licensing RightsAug 21 (Reuters) - Roark Capital, which owns restaurants Arby's and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about $9.6 billion, the Wall Street Journal reported on Monday. Another group led by Roark Capital was in the running, the sources had added. It has invested in Inspire Brands, which is the owner of Arby's, Baskin-Robbins, Buffalo Wild Wings and Dunkin' among others. Roark Capital did not immediately respond to a Reuters request for comment.

Persons: Thomas White, Roark Capital, Roark, Dunkin, Fred DeLuca, Peter Buck, Ananya Mariam Rajesh, Deborah Sophia, Shinjini Organizations: REUTERS, Buffalo Wild Wings, Wall Street, Reuters, TDR Capital, Sycamore Partners, Subway, Roark Capital, Inspire Brands, Baskin, Robbins, Thomson Locations: Sycamore, Bridgeport , Connecticut, North America, Bengaluru

☆ Freshly sliced meat and new store designs: How Subway is trying to save itself
▼ + stars: | 2023-07-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

Subway scrambled to make fixes: Adding freshly sliced meat earlier this month was the most recent one. Revamped menuSubway added freshly sliced meat this week. In addition to a more neatly organized menu board, Subway added numbers and new names to speed up service. And this week, it rolled out freshly sliced meat — a major shift from Subway’s previous method of having the meat sliced at its factories before being delivered to its stores. Adding freshly sliced meat “felt like the natural step that we needed to get back to and address,” Trevor Haynes, president for Subway’s North America operations, previously told CNN.

Persons: that’s, –, Dunkin, Jimmy John’s, Anthony Behar, ” Trevor Haynes Organizations: New, New York CNN, Firehouse, Wall Street, Inspire Brands, Subway, North, QSR Magazine, Jersey, Apple, customizations, Subway’s North, CNN Locations: New York, Jersey, North America, Subway’s North America

☆ Carl's Jr. and Hardee's to roll out Presto's A.I. drive-thru ordering nationwide
▼ + stars: | 2023-05-04 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Carl's Jr. and Hardee's locations will roll out automated drive-thru ordering nationwide using Presto's artificial intelligence software. Together, Carl's Jr. and Hardee's have about 2,800 restaurants across 44 U.S. states. Hardee's locations are mostly in the Midwest and South, while Carl's Jr. restaurants are found in the West. CKE tested the software last year at a handful of Carl's Jr. and Hardee's locations. CKE operates about 250 of Carl's Jr. and Hardee's restaurants, while franchisees run the rest.

☆ Buffalo Wild Wings joked that its 'hamburgers contain no ham' after being sued over its boneless wings – which aren't actually wings
▼ + stars: | 2023-03-14 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A customer filed a lawsuit against Buffalo Wild Wings over its boneless wings not actually being wings. The chain admitted that its boneless wings are all white meat and its hamburgers "contain no ham." Boneless wings are typically made from chunks of chicken breast meat. Buffalo Wild Wings, which has more than 1,200 restaurants worldwide, responded to the lawsuit with a sarcastic tweet on Monday. Buffalo Wild Wings' menu says that the boneless wings are made from "juicy all-white chicken" which is marinated in spices and then breaded.

☆ Premarket stocks: The job market is making traders' heads explode
▼ + stars: | 2023-02-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —The labor market ballooned in January when the US economy added an astonishing 517,000 jobs, blowing past Wall Street’s expectations. “It’s tough to say that… Some of those people making those layoffs are our clients.”Alaska Air Group noted a smaller number of tech workers and tech companies using their airline. In San Francisco, apartment rents have fallen and tech layoffs have further weakened the housing market. Manufacturing layoffs: While tech layoffs may not be a leading recession indicator, a decrease in manufacturing hiring could be an ominous sign of things to come. What’s next: Investors looking for clarity on a confusing labor market are unlikely to find it in the frequently revised, high-frequency weekly jobless claims data on Thursday.

☆ Ben Affleck Created Dunkin’s Super Bowl Debut With the Help of Jennifer Lopez
▼ + stars: | 2023-02-13 | by ( Patrick Coffee | ) www.wsj.com time to read: 1 min

Dunkin’ might not have made an appearance in the Super Bowl this year if not for the influence of its best-known fan. The Inspire Brands Inc. restaurant chain decided to make its Super Bowl debut only after seeing the results of actor-director Ben Affleck’s push to film himself working a drive-through shift at a location near his hometown of Boston, said Dunkin’ Chief Marketing Officer Jill McVicar Nelson.

☆ Subway is reportedly exploring a sale
▼ + stars: | 2023-01-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Subway, one of the world’s most recognizable fast food brands, might be up for a sale, according to the Wall Street Journal. The privately held company has obtained advisers to explore sale that could value Subway at more than $10 billion, the Wall Street Journal reported. In a statement provided to CNN, Subway said that it doesn’t “comment on ownership structure and business plans” because it’s private. Subway is still in the early stages of throwing up the “for sale” sign and it might not find an acceptable deal, the Journal reported. Subway attributed its recent success to its new “Subway Series” menu, which was streamlined to help speed up service, and an increase in digital orders.

☆ The year of the restaurant robot: Why chains are investing in automation and what it means for workers
▼ + stars: | 2022-12-27 | by ( Amelia Lucas | ) www.cnbc.com time to read: +7 min

This year brought a flurry of automation announcements in the restaurant industry as operators scrambled to find solutions to a shrinking workforce and climbing wages. Three-quarters of restaurant operators are facing staffing shortages that keep them from operating at full capacity, according to the National Restaurant Association. Many restaurant operators hiked wages to attract workers, but that pressured profits at a time when food costs were also climbing. "Automation is one word, and a lot of people go right to robotics and a robot flipping burgers or making fries. The labor questionAutomation often faces pushback from workers and labor advocates, who see it as a way for employers to eliminate jobs.

☆ Restaurants open on Christmas Day 2022: McDonald's, IHOP, Denny's, and more
▼ + stars: | 2022-12-23 | by ( Nancy Luna | ) www.businessinsider.com time to read: +8 min

Benihana: Open Christmas Day and Christmas Eve. Bar Louie: Open Christmas Day and Christmas Eve. May be open Christmas Day, depending on location or franchiseGolden Corral: Some locations will be open Christmas Eve and Christmas Day. Closed Christmas Day, but open Christmas EveTaco Bell: Restaurants are open on Christmas Eve. Friendly's: Open on Christmas Eve until 6 p.m.In-N-Out: Open from 10:30 a.m. to 11 p.m. on Christmas Eve.

☆ A wave of restaurant operators and high-profile chains like Chipotle and Burger King are investing millions in innovation amid a slowdown in food-tech funding. Here are 10 investing in ghost kitchens,
▼ + stars: | 2022-09-29 | by ( Nancy Luna | ) www.businessinsider.com time to read: +10 min

"My dad says I'm taking the joy out of a restaurant," Frischling said. "If this industry doesn't keep up, we're not going to have so many restaurants," Frischling told Insider. Frischling is part of a wave of restaurant operators and high-profile chains investing millions in the industry's future. Over the years, Chipotle, Inspire Brands, and Restaurant Brands International — the owner of Burger King and Popeyes — have invested in autonomous-delivery vehicles, ghost kitchens, and digital-ordering software. IGC HospitalityThe New York restaurant company, also known as In Good Company Hospitality Group, invested in the restaurant-tech firm MarginEdge in 2021, according to PitchBook.

☆ Cannabis adtech startup Fyllo is making its third acquisition to branch into crypto and e-sports
▼ + stars: | 2022-04-12 | by ( Tanya Dua | ) www.businessinsider.com time to read: +2 min

Data compliance software startup Fyllo has acquired audience targeting company Semasio. Semasio will enable Fyllo to expand internationally and into regulated industries beyond cannabis. The acquisition comes just months after Fyllo closed its $40 million Series C round in late 2021. Semasio also helps Fyllo expand its international footprint and scope. Its cookieless audience targeting software helps marketers understand and reach their audiences across 30 languages and 50 countries, said Kasper Skou, Semasio's cofounder and CEO.

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