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CEO Explains Purchase of 40% of Smashburger by Asia-Based Company

Jollibee fast food. photo by Pualani
Jollibee in Iwilei area of Honolulu, Hawaii. Photo by Pualani Jensen.

It is not often that we in the U.S. hear about a Filipino company buying a large chunk of an American company. Manila-based Jollibee Food Corporations, a fast-growing owner of Asian restaurant chains, and the buyer of 40 percent of Smashburger, is paying a cool $100 million for its stake.

Ex-Quiznos Owner Schaden Denied Discovery in Avenue Capital Lawsuit

Quiznos SubDENVER – A Colorado district court has denied the request of Quiznos' former owner Rick Schaden and his former executive team to obtain crucial documents from the private equity firms that sued them last year.

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


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.