QSR

SAM NAZARIAN ANNOUNCES STRATEGIC PARTNERSHIP WITH GLOBAL MUSIC ICON MARC ANTHONY AS EQUITY PARTNER IN SBE, PROPELLING THE MULTI-VERTICAL HOSPITALITY COMPANY INTO ITS NEXT CHAPTER OF GROWTH

Retrieved on: 
Thursday, January 18, 2024
National Football League, Family, Music, Collection, Partnership, Friends, SBE, Sport, Jewellery, Bulova, Instinct, Restaurant, QSR, OCA, Growth

MIAMI, Jan. 17, 2024 /PRNewswire/ -- sbe the privately-held, leading international lifestyle hospitality group behind some of the world's most celebrated hotels, restaurants, and nightclubs, today announced an exclusive partnership with iconic singer, songwriter, actor and entrepreneur Marc Anthony and his company Magnus as new equity partners in sbe. This powerhouse partnership between longtime friends and titans of industry, Sam Nazarian and Marc Anthony, represents a major milestone in the continued growth and evolution of the leading luxury and lifestyle brand. 

Key Points: 
  • This powerhouse partnership between longtime friends and titans of industry, Sam Nazarian and Marc Anthony, represents a major milestone in the continued growth and evolution of the leading luxury and lifestyle brand.
  • Led by visionary CEO Sam Nazarian, sbe's new multi-vertical business strategy will focus on growing the brand among Latin American audiences.
  • Sam Nazarian, Founder and CEO, sbe expressed: "It's an honor to join forces with long-time friend and international superstar Marc Anthony.
  • Today's announcement represents a major turning point in the transformative growth and expansion of Sam Nazarian's international lifestyle hospitality platform.

Capriotti's and Wing Zone Show Upward Momentum Heading into 2024

Retrieved on: 
Wednesday, January 17, 2024
Culture, Marketing, Cranberry sauce, QSR, Growth, Silviculture

LAS VEGAS, Jan. 17, 2024 /PRNewswire/ -- Capriotti's Sandwich Shop (Capriotti's) and Wing Zone have left 2023 in the rearview mirror, but not before closing out the year with strong growth to show for both brands and a firm footing heading into the New Year.

Key Points: 
  • LAS VEGAS, Jan. 17, 2024 /PRNewswire/ -- Capriotti's Sandwich Shop (Capriotti's) and Wing Zone have left 2023 in the rearview mirror, but not before closing out the year with strong growth to show for both brands and a firm footing heading into the New Year.
  • Wing Zone posted strong numbers as well, finalizing 16 new development rights agreements for an additional 38 franchise units, while opening 11 new operating restaurant locations to its system in 2023.
  • This past year, both Capriotti's and Wing Zone saw their first franchise locations take up residence on the historic Las Vegas Strip.
  • For more information about the Wing Zone franchise opportunity, please visit https://wingzonefranchise.com/ .

JERSEY MIKE'S PLANS MAJOR EXPANSION IN CANADA WITH REDBERRY RESTAURANTS

Retrieved on: 
Wednesday, January 17, 2024
Development, Cooperative, Culture, Onion, History, University, Olive oil, Vegetable, Lettuce, Restaurant, Organic, Taco Bell, QSR, Growth

MANASQUAN, N.J., Jan. 17, 2024 /PRNewswire/ -- Jersey Mike's Subs, known for its fresh sliced/fresh grilled subs, announced an Area Director and Development Agreement with Redberry Restaurants ("Redberry"), one of Canada's largest restaurant operators. Redberry was named Area Director for Canada with a development agreement to open 300 Jersey Mike's restaurants across Canada by 2034, via a combination of Redberry-owned-and-operated stores and supported franchisee locations.

Key Points: 
  • Redberry was named Area Director for Canada with a development agreement to open 300 Jersey Mike's restaurants across Canada by 2034, via a combination of Redberry-owned-and-operated stores and supported franchisee locations.
  • Jersey Mike's Subs announced an Area Director and Development Agreement with Redberry Restaurants.
  • "We're thrilled that Jersey Mike's entrusted us with bringing their iconic brand to Canada," said Ken Otto, CEO of Redberry.
  • For information about franchising with Jersey Mike's in Canada, please visit: www.jerseymikes.ca/franchise
    Founded in 1956 at the Jersey Shore, Jersey Mike's is set to shake up the Canadian QSR scene.

Birdcall Gives Back To The Communities It Serves Via Company's 1% Program

Retrieved on: 
Tuesday, January 16, 2024
Hope, Family, Meal, St. Mary's, Policy, Food security, Athlete, Rocky Mountains, School, Domestic violence, Survivor, High Fives Foundation, Food, Cordon Bleu, Human, Food bank, Organization, Restaurant, Organic, QSR, Experience, Education, Tourism

DENVER, Jan. 16, 2024 /PRNewswire-PRWeb/ -- Elevated QSR chicken sandwich, salad, and tender restaurant Birdcall shares the success of its 2023 restaurant openings, fundraisers and limited-time offers in its continued commitment to community support. Throughout 2023, Birdcall launched various initiatives to serve local communities across its locations in Arizona, Colorado and Texas. These initiatives garnered a successful end to the year's goal to give back to the community via Birdcall's 1% program, focusing on hyperlocal non-profit organizations, especially those focused on family, food security and community support. By investing in these areas, Birdcall strives to make a lasting difference and contribute to the well-being of the communities they serve.

Key Points: 
  • Throughout 2023, Birdcall launched various initiatives to serve local communities across its locations in Arizona, Colorado and Texas.
  • By investing in these areas, Birdcall strives to make a lasting difference and contribute to the well-being of the communities they serve.
  • "One of our most beloved core values at Birdcall is community support," said Mark Lohmann, CEO of Birdcall.
  • As the restaurant chain grows, it remains dedicated to providing exceptional dining experiences while giving back and making a difference in the communities it serves.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Carrols Restaurant Group, Inc. (Nasdaq - TAST), Ansys, Inc. (Nasdaq - ANSS), HomeStreet, Inc. (Nasdaq - HMST)

Retrieved on: 
Tuesday, January 16, 2024
Carrols, Brodsky, RBI, SNPS, OTCQX, Ansys, QSR, Security (finance)

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Carrols will be acquired by Restaurant Brands International Inc. (“RBI”) (NYSE: QSR).
  • Carrols shareholders will receive $9.55 per share in an all cash transaction, or an aggregate total enterprise value of approximately $1.0 billion.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

A Milestone Moment: America's Leading Iced Tea Franchise HTeaO Reaches 100 Locations

Retrieved on: 
Tuesday, January 16, 2024
Student, Taste, Food, Commerce, Radio, Partnership, Aggie, Water, Free Rein, Tea, QSR, Yeti, Growth, Coffee

COLLEGE STATION, Texas, Jan. 16, 2024 /PRNewswire/ -- HTeaO, America's largest iced tea franchise, is celebrating a historic brand milestone with the opening of its 100th location on January 20 at 815 Wellborn Rd, College Station, TX. Coming off an impressive year of franchise development, HTeaO opened 34 locations and awarded 124 franchise agreements across the country in 2023. With QSR concepts on the rise, multi-unit owners are flocking to the franchise opportunity wanting to expand their portfolios.

Key Points: 
  • Coming off an impressive year of franchise development, HTeaO opened 34 locations and awarded 124 franchise agreements across the country in 2023.
  • A full circle moment for the leading iced tea brand, the 100th location is owned by the same franchisee who signed the first franchise agreement with HTeaO five years ago.
  • "It's been amazing to see the growth with HTeaO over the past five years since we signed the first-ever franchise agreement," said Benson.
  • HTeaO is a unique franchise concept that has perfected a simplistic business model, dealing primarily in iced tea.

Jeremiah's Italian Ice Keeping Things Ice Hot for 2024

Retrieved on: 
Tuesday, January 16, 2024
Cream, Entrepreneurship, Development, Serve (tennis), Restaurant, Nation's Giant Hamburgers, Growth, Soft, Franchise Times, Supply chain, Season, Celebration, Publication, QSR

ORLANDO, Fla., Jan. 16, 2024 /PRNewswire/ -- After a year filled with tremendous growth and success, Jeremiah's Italian Ice – the hottest brand in the frozen dessert category – looks to build upon its accomplishments in 2024. The brand opened 40 locations in 2023 and now looks to open their 150th location, forecasted to open in Q1 of 2024. Additionally in 2023, Jeremiah's received numerous awards showcasing their rapid growth and commitment to success, and underwent new leadership changes, including the appointment of a new CEO and President, Michael Keller.

Key Points: 
  • ORLANDO, Fla., Jan. 16, 2024 /PRNewswire/ -- After a year filled with tremendous growth and success, Jeremiah's Italian Ice – the hottest brand in the frozen dessert category – looks to build upon its accomplishments in 2024.
  • The Italian Ice favorite was also recently ranked #15 on the 2024 Franchise Times Fast & Serious list, honoring the smartest-growing brands in franchising, and #157 on the 2024 Entrepreneur Franchise 500, climbing 55 spots from 2023.
  • The Jeremiah's Gelati, which features layers of Italian Ice and Soft Ice Cream offers nearly limitless flavor combinations and is the star of their menu.
  • To learn more about Jeremiah's Italian Ice, or its franchise opportunities, please visit: https://jeremiahsfranchise.com/.

ENTREPRENEUR REVEALS 45th ANNUAL FRANCHISE 500® RANKING

Retrieved on: 
Tuesday, January 16, 2024
Therapy, Health, Mental health service, Habit, Quality control, Coffee, Marketing, Automation, Taco Bell, QSR, Growth

NEW YORK, Jan. 16, 2024 /PRNewswire/ -- Entrepreneur, the media authority dedicated to helping people become and succeed as business owners, today unveiled its 45th annual Franchise 500. This authoritative ranking offers a comprehensive snapshot of the state of the franchise world, including insights into emerging business concepts and the developing role of AI in driving franchise success.

Key Points: 
  • NEW YORK, Jan. 16, 2024 /PRNewswire/ -- Entrepreneur , the media authority dedicated to helping people become and succeed as business owners, today unveiled its 45th annual Franchise 500.
  • This authoritative ranking offers a comprehensive snapshot of the state of the franchise world , including insights into emerging business concepts and the developing role of AI in driving franchise success.
  • Entrepreneur unveils its 45th Franchise 500 ranking, offering a global snapshot of the franchise industry.
  • "Our 45th annual ranking is full of companies with fresh ideas, exciting business models, cultural sway, and the kind of business sophistication that will define the next 45 years and beyond."

Burger King® Company to Acquire Carrols Restaurant Group

Retrieved on: 
Tuesday, January 16, 2024
Hand, Jefferies Group, Partnership, Committee, QSP, Restaurant Brands, RBI, TSX, Acquisition, Hart–Scott–Rodino Antitrust Improvements Act, Webcast, Marketing, Carrols Restaurant Group, Restaurant, QSR, Burger King, Growth

TORONTO, Jan. 16, 2024 /PRNewswire/ -- Restaurant Brands International Inc. ("RBI" or the "Company") (TSX: QSR) (NYSE: QSR) (TSX: QSP) and Carrols Restaurant Group, Inc. ("Carrols") (NASDAQ: TAST) today announced that they have reached an agreement for RBI to acquire all of Carrols issued and outstanding shares that are not already held by RBI or its affiliates for $9.55 per share in an all cash transaction, or an aggregate total enterprise value of approximately $1.0 billion, representing a 23.1% premium to Carrols 30-day volume-weighted average price as of January 12, 2024 and a 13.4% premium to the January 12, 2024 closing price. 

Key Points: 
  • Carrols is the largest Burger King® franchisee in the United States today, operating 1,022 Burger King restaurants in 23 states that generated approximately $1.8 billion of system sales during the twelve-months ended September 30, 2023.
  • Tom Curtis, President of Burger King U.S. and Canada commented, "Carrols has demonstrated strong and improving restaurant operations over the years.
  • Deborah Derby, President and CEO of Carrols said, "Today's announcement is a testament to our more than 24,000 Carrols team members who have helped drive the company to record levels of profitability over the past 12 months.
  • Carrols has a team of strong, experienced operators who, in partnership with Burger King's operations teams, will operate the acquired restaurants.

Paris Baguette North America Appoints Full C-Suite with Several Internal Promotions as Another Monumental Year Kicks-Off

Retrieved on: 
Monday, January 15, 2024
Supply, General counsel, Heart, Culture, Human resources, Dunkin, Macy's, Strategic planning, Supply chain management, Paris Baguette, SPC Group, The Wendy's Company, HR, Organization, Marketing, QSR, SVP, Growth, Management

MOONACHIE, N.J., Jan. 15, 2024 /PRNewswire-PRWeb/ -- Paris Baguette has been bringing the neighborhood bakery café concept to life throughout the U.S. since 2015, serving their beloved cakes, pastries and breads to new communities across the country. After a year of staggering growth—with 43 new cafés opened across the U.S. and Canada, over 100 new franchises awarded and 50 leases signed for cafés in development—CEO Darren Tipton kicked-off 2024 with five internal promotions to round out the leadership team.

Key Points: 
  • "The team at Paris Baguette is a huge part of what makes us who we are, and these five truly embody our Brand Values.
  • Nick Scaccio has transitioned into the Chief Operating Officer role, with nearly 20 years of operations experience and 3 years with Paris Baguette.
  • During his time at Paris Baguette, Nick has served as Vice President of Revenue and Strategic Development, as well as Vice President of Operations.
  • I have full confidence that this leadership team will champion our vision as we continue to build and scale across North America," he added.