Louisville, Ky. — Yum! Brands, Inc. has made strategic leadership appointments that will strengthen its enterprise capabilities and drive long term value creation across its global portfolio. The appointments come as Chris Turner, chief executive officer-designate and chief financial & franchise officer, Yum! Brands, Inc., prepares to step into the role of CEO on Oct. 1. Sean Tresvant has been promoted to Yum! Brands’ chief consumer officer and chief executive officer of Taco Bell. Since joining Yum! in January 2022 as the global brand officer at Taco Bell, Tresvant’s leadership …
Katie Lee
New York City — American luxury menswear house Robert Talbott celebrated the grand opening of its new store on Madison Avenue in New York City on Sept. 10. The store opening represents a significant milestone for the brand as it celebrates its 75th anniversary and embarks on a new era of strategic growth and creative revival. Founded in 1950 in Carmel-by-the-Sea, Calif., by Audrey and Robert Talbott as a fine neckwear atelier, the brand has since grown into a full-fledged luxury menswear label known for uncompromising craftsmanship, timeless design and …
Belmar, N.J. — Playa Bowls, a leading superfruit bowl brand with more than 340 locations, is fueling franchise expansion under a fresh executive leadership team following its 2024 acquisition by Sycamore Partners. Playa Bowls is poised to deepen its footprint from coast to coast. Since stepping into the CEO role earlier this year, John Cappasola has leveraged his 30 years of accomplished leadership in growing brands to drive Playa Bowls’ next chapter. Cappasola has served on the Playa Bowls board of directors since Sycamore’s acquisition and was previously CEO of …
— By Andrew Brister, AIA — How as-built consulting and technology drive faster, profitable store openings. Retailers managing large property portfolios face growing complexity — tight timelines, overlapping projects and pressure to hit grand opening dates. To stay ahead, many are embracing advanced as-built consulting powered by technologies like Building Information Modeling (BIM), laser scanning, mobile mapping and virtual tours. When integrated early in the pre-design and design phases, these tools help reduce uncertainty, align stakeholders and streamline execution. The result: faster, more efficient rollouts with fewer surprises. Managing Multiple …
Irving, Texas — Everon, a leading security integrator and premier provider of commercial security, video, fire and life safety solutions, has promoted Carson Clemons to vice president, national accounts installation. With 13 years of combined operational and sales experience in the security industry as senior manager, operational excellence and senior director, national accounts for Everon, Clemons brings proven leadership to this new role. He will oversee the company’s centralized project and program management teams within the National Accounts and Integrated Solutions departments. His expertise in operational excellence will be critical …
Johannesburg — Walmart plans to open its first branded stores in South Africa later this year. With sites already in development, these new stores are set to open before the end of the year, with official opening dates to be announced in October. The company will share further details about store locations, hiring, and community initiatives in the coming months. “Walmart’s South African stores will offer a wide range of merchandise, including fresh groceries, household essentials, apparel and technology,” says Kath McLay, Walmart International president and CEO. “Walmart also will …
Potbelly Corporation to be Acquired by RaceTrac in Approximately $566 Million Transaction
Chicago — Potbelly Corporation, an iconic neighborhood sandwich shop concept, and RaceTrac, Inc., one of the largest privately held companies in the United States and a leading convenience retailer, have entered into a definitive merger agreement in which RaceTrac will acquire all of the outstanding shares of Potbelly for $17.12 per share, in an all-cash transaction with an equity value of approximately $566 million. The acquisition is expected to close in the fourth quarter of 2025, subject to the satisfaction of customary closing conditions and regulatory approvals. Until the transaction …
Campbell, Calif. — TOGO’S Sandwiches, a beloved West Coast sandwich chain, has reaffirmed Glenn Lunde as its chief executive officer. Lunde’s leadership has been instrumental in strengthening the brand’s position in the competitive fast-casual market, and he will continue driving the company’s growth and strategic direction. With Lunde at the helm, TOGO’S will advance several key priorities in the years ahead. These include enhancing loyalty programs, expanding digital and delivery capabilities and driving continued franchise growth. He will collaborate closely with the leadership team and franchise partners to ensure TOGO’S …
Pittsburgh — DICK’S Sporting Goods, Inc., a leading U.S.-based full-line omnichannel sporting goods retailer, has completed its planned acquisition of Foot Locker, Inc., a leading footwear and apparel retailer. As a combined company, DICK’S will now operate more than 3,200 stores plus e-commerce and digital businesses across 20 countries in North America, Europe, Asia and Australia, plus a licensed store presence in Europe, the Middle East and Asia. DICK’S will continue to operate Foot Locker’s portfolio of brands, including Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos, under …
San Diego — On the heels of a record-breaking year of growth and franchise development, QDOBA, America’s rapidly growing #2 restaurant brand in the Mexican fast-casual category, has signed one of the largest development deals in brand history. Barry Dubin of B Wild Investments, LLC has signed on to develop 50 new QDOBA restaurants across the states of Alaska, Utah, Nevada, Colorado and New Mexico. Initially, Dubin plans to focus on locations in Salt Lake City, St. George, Albuquerque, Las Vegas, and areas surrounding Colorado Springs. Additionally, B Wild Investments …