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Avenue Capital Sues Quiznos Former Ownership for Fraud

New Quiznos headquarters in Denver
Quiznos headquarters moves from downtown Denver. Shutters company store prototype. photo/js

DENVER—Multi-billionaire hedge fund investors Avenue Capital and Fortress Investments filed a federal lawsuit against Quiznos former owners Richard ‘Ric’ Schaden, father Dick Schaden and key executives.

Quiznos' Attorney Shows Lack of Transparency in Settlement

On the day Quiznos filed for Chapter 11 bankruptcy, outside counsel Fredric ‘Ric’ Cohen declared to a popular magazine for franchising readers, “Vindication. It’s vindication,” seeming to say that his client was exonerated in settling the last 13 franchisee lawsuits.

Smashburger Ex-CEO Takes Top Position with Jackson Hewitt

DSCN0065 After CEO David Prokupek left Smashburger chain abruptly late last year, he has now landed in the top job at Jackson Hewitt Tax Service Inc.

Schaden Says Smashburger Fills Dire Need for Better Burger in US

Rick Schaden, founder and owner of Smashburger Master, LLC recently told Bloomberg that his hamburger chain was born out of the idea that Americans are not satisfied with what other chains have to offer.

Smashburger Closes on $35M Financing Deal; IPO on Hold

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In an interview last week, Smashburger CEO Dave Prokupek said “an initial public offering may still be possible on the horizon,” though the burger chain just closed a $35 million financing deal to fund ongoing growth.

Picking up Bad Vibes on Smashburger

The bodacious bird has heard from a reliable informed source that all is not perfect in Smashburgerland.

The source said several groups of Smashburger franchisees have failed or are incurring large losses in certain markets.

Smashburger to Spotlight "Smashing" Technique on Television

While fast-growing Smashburger seems to be doing well without television advertisements, hitting 208 restaurants in the last six years, the Denver-based company is now ready to promote its success to a broader audience.

Schaden Launches Honest Pizza as His Latest Concept

Despite recent litigation woes and failures with past concepts, Rick Schaden, under his Consumer Capital Partners, is now launching yet another concept.

Quiznos CEO Touts Lofty Goals for Future

DSC00144DENVER – Newly appointed CEO Stuart K. Mathis has now presented seven strategic imperatives that he says Quiznos must meet to “make our mission, purpose and vision a reality.” 

Better Burgers Still Sizzle

Burgers being prepared in a New York Five Guys Burgers and Fries
A busy Five Guys Burgers and Fries outside of New York City

CHICAGO — The limited-service burger segment is the largest menu segment by revenue in the restaurant industry.