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Log In / Register | Jul 20, 2018

Multi-Unit Franchise Owner Focuses on the Fundamentals

Jeff Rigsby, owner of 42 Bojangles stores, started in quick service as a 16-year-old with KFC and stayed with them for 15 years.

Planet Fitness Planning to Go Public, Say Sources

Planet Fitness plans an initial public offering for likely the latter part of the year, reports Reuters, citing nameless sources. The deal could be worth $2 billion, including debt.

Let’s Sell This Crumby Shop to Franchisees

Pedestrians stare into a shuttered Crumbs shop in Manhattan. photo/ad

Crumbs Bakery Shop contemplated that it had to file Chapter 7 liquidation and close all its remaining stores a week after CRUMBS was delisted July 1 on the NASDAQ stock market.

Early Franchisee's Long John Silver's Story

Richard Levitt, 84, became a Long John Silver's franchisee along with his brother-in-law Ed Glazer 41 years ago. Eventually he and his family owned 31 units that did quite well.

Crazy Franchisor Pays An Extra $17M

Earlier this year I had concluded that the management at RFG were smarter than most after announcing it would move away from ever increasing abusive rents in shopping malls. Now I have 41 million reasons to conclude otherwise.

News from Wall Street: CKE Restaurants IPO Pulled at Last Minute

Late Thursday, CKE Restaurants announced that their planned initial public offering (IPO), to return to the New York Stock Exchange, had been cancelled due to “market conditions.”

Why Burger King Went Public Again

3G Capital and friends taking Burger King public at the New York Stock Exchange yesterday, June 20

3G Capital and friends taking Burger King public on the NYSE; photo/nyse

Burger King (NYSE:BKW) continued its organizational odyssey Wednesday by going public once again on the New York Stock Exchange.

Private Equity Firms Are Major Franchisor Owners

Many franchise chains, such as Dunkin' Brands, Domino's Pizza and Friendly's, have been taken over by private equity firms. Franchisors are considered "highly desirable targets for private equity investors." 

Burger King Returns $394M to PE Owners

Last week, I published the Restaurants and Private Equity 2011 Update paper. It is available here. At the time, Burger King's 2010 $4B acquisition by 3G Capital was noted to be in the still-to-be-determined status; that is to say to answer whether the buy would work for investors, franchisees, and the brand itself.

2011 Restaurants, Private Equity and Franchising Overview

Pacific Management Consulting has updated its 2010 private equity and restaurants report to identify what is going on in the U.S. restaurant space by private equity (PE) firm. The result? A lot of activity, investments, and some high profile failures. There have just been a modest number of apparent successes to date.