Restaurant News Roundup, 7/5/2019
Hooters of America has been sold – Nord Bay Capital and TriArtisan Capital Advisors now own the more than 438 restaurants in the U.S. and 26 other countries that features servers wearing skin tight shirts and short shorts. Read more here: https://www.restaurantbusinessonline.com/financing/hooters-america-has-been-sold
New York Times exposes wrong-doing against Subway franchisees by some of the company’s regional managers who are accused of actions aimed at confiscating franchisee eateries. Read more here: https://www.nytimes.com/2019/06/28/business/subway-franchisees.html
Panera founder Ron Shaich embarks on Act III, a new venture investing in various concepts: a bakery chain, an an organic restaurant chain and Cava – a Mediterranean chain. Read more here: https://www.investors.com/news/management/leaders-and-success/ron-shaich-panera-founder-bakes-his-third-act/
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