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Sears Holdings Files for Chapter 11 Bankruptcy; CEO Steps Down

Hoffman Estates, Ill. — On October 15, 2018, Sears Holdings Corporation and certain of its subsidiaries have filed voluntary petitions for Chapter 11 bankruptcy relief. Effective immediately, the company’s chairman and CEO, Edward S. Lampert, is stepping down from the CEO role. Also, the company will close 142 stores in addition to the previously announced 46 store closings.

Dunkin’ Brands Continues Growth in Colorado with 19 New Locations

Canton, Mass. — Dunkin’ continues to focus on growth and development efforts outside of the Northeast, recently signing six development agreements for nearly 20 new units in Colorado. Over the next few years, 15 Dunkin’ restaurants will be developed throughout the state, along with three multi-brand Dunkin’/Baskin-Robbins locations and one standalone Baskin-Robbins location.

Grupo Anderson's Selling its Iconic Señor Frog's Brand

Cancun, Mexico — Grupo Anderson's, a Mexican hospitality industry leader, plans to sell its iconic fun themed restaurant brand Señor Frog's in the U.S. The group owns and operates restaurants and bars located in the main cities and tourist destinations in Mexico, the United States and the Caribbean. Currently they have five Señor Frog's business units in the country: Myrtle Beach, Las Vegas, Miami, Orlando and San Juan (Puerto Rico).

Restoration Management Company Opens New Location Near Denver

Denver — Restoration Management Company, a California-based restoration services company, has opened its 13th location in Littleton, Colo. The expansion is a direct result of the tremendous growth Restoration Management Company (RMC) has experienced. RMC provides 24-hour emergency and restoration services for customers when they experience a catastrophe at their commercial or residential property.

FAO Schwarz Announces Opening Date for NYC Flagship, Plus International Expansion Plans

New York City — The famous FAO Schwarz is announcing its international expansion plans as well as November 16, 2018 as the official opening date of the New York City flagship store located at 30 Rockefeller Plaza. Expansion plans include:

Fazoli's Continues Growth Momentum, Adds to Development Team

Lexington, Ky. — Fazoli's has signed two multi-unit development agreements for eight new locations in Georgia and Arkansas; additionally, the company has welcomed franchise and foodservice veteran Kathy Davidson as its new senior director of franchise sales.

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