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Shipley Do-Nuts Signs 22-Unit Development Deal

by Katie Lee

Houston — Houston-based Shipley Do-Nuts, a large and fast-growing donut brand first founded in 1936, will expand its presence in Florida and Tennessee under a 22-unit franchise agreement with the hospitality arm of private investment platform Virentes Partners Group.  Virentes operates multiple franchise brands through its subsidiary, Virentes Hospitality. Its development agreement with Shipley is the brand’s largest commitment inked in 2024. “We exhaustively researched dozens of franchise concepts to expand our hospitality portfolio, and Shipley came out on top with craveable and highly differentiated products and an outstanding leadership …

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Taco Cabana to Open 2nd Location with New 3.0 Prototype

by Katie Lee

Houston — On the heels of its franchise program launch in October, Taco Cabana is readying to open its second TC 3.0 restaurant prototype in Houston before year’s end. The sleek new footprint boasts a streamlined, franchise-ready design that combines modern functionality with Taco Cabana’s rich heritage to fuel the brand’s new growth-focused era. Crafted with franchising in mind, the TC 3.0 prototype is purpose-built for efficiency and adaptability, featuring: • A condensed footprint that lowers initial investment for franchise partners. TC 3.0’s 2,500-square-foot model reduces the brand’s previous footprint …

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Subway Names CEO Transition

by Katie Lee

Miami — Subway has announced that John Chidsey, global chief executive officer (CEO), will retire from the company at the end of 2024, after 5 years of leadership in the role. Carrie Walsh, Subway’s current president of Europe, Middle East and Africa (EMEA) and former global chief marketing officer (CMO), will assume the role of Iinterim CEO, while a search is conducted to identify Chidsey’s permanent successor. Chidsey joined Subway in 2019 as the brand’s first CEO outside of the founding family and led a multi-year transformation of the business. …

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franchise developmentNewspeoplerestaurantssoftware/technology

Smoothie King Appoints New Chief Information Officer

by Katie Lee

Dallas — Smoothie King, the world’s largest smoothie brand and the first health and fitness fast-casual brand of its kind, has appointed Jyoti Lynch as its new chief information officer (CIO). Lynch started in late October, and in this role, she leads the brand’s technology strategy, ensuring that innovation continues to enhance Smoothie King’s digital transformation and guest experience. Lynch brings more than 25 years of experience as a proven technology expert with a successful track record in building and transforming well-known restaurant, retail and technology brands; growing company revenue, …

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franchise developmentkitchen equipmentNewsProduct Spotlightrestaurantssoftware/technologyvendors

Dave’s Hot Chicken Partners with Qu to Enhance Operations

by Katie Lee

Pasadena, Calif. — Dave’s Hot Chicken is enhancing operational capabilities with the integration of Qu’s unified commerce platform. Designed to streamline the brand’s expanding network, Qu’s real-time data management and offline resiliency with Edge computing provide a critical upgrade to the brand’s in-store processes, ensuring seamless operational and guest experiences across locations. “Qu has been a game-changer for us because it provides an easy-to-connect API that allows us to push and pull data in real time,” says Leon Davoyan, chief technology officer of Dave’s Hot Chicken. “Its flexibility and stability …

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Blackstone Agrees to Acquire Majority Ownership Position in Jersey Mike’s Subs

by Katie Lee

Manasquan, N.J. — Private equity funds managed by Blackstone have agreed to acquire a majority ownership position in Jersey Mike’s Subs. The deal would value the Manasquan, N.J.-based sandwich restaurant chain at around $8 billion, including debt, according to The Wall Street Journal. Jersey Mike’s founder and CEO Peter Cancro will maintain a significant equity stake and continue to lead the business. Blackstone says the partnership is intended to help Jersey Mike’s accelerate its expansion across and beyond the U.S. market, as well as its continued investment in technology and …

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Jack in the Box Inc. Names Chief Financial Officer

by Katie Lee

San Diego — Former CFO Lance Tucker is returning to Jack in the Box Inc., again as chief financial officer, effective Jan. 13, 2025. Tucker is currently chief financial officer of Davidson Hospitality Group, while having also served as CFO at CKE Restaurants Inc. and Papa John’s International, Inc. Tucker succeeds Brian Scott, who resigned from the company on Nov. 20. Tucker served as CFO of Jack in the Box Inc. from March 2018 to July 2020, during which he played an instrumental role in implementing the company’s securitization, while …

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Surcheros Reports 29% Growth, Targets 100 Units in 5 Years

by Katie Lee

Alpharetta, Ga. — Surcheros® is on a steady growth path as it builds on a successful 2024 with ambitious plans for the upcoming year. With a 29% revenue increase from 2023 to 2024, Surcheros is gaining momentum and attracting franchise interest due to its strong AUVs, cost-effective buildout models and flexible real estate options. The brand currently operates 34 locations across Georgia, Florida and Tennessee. In 2024, the brand opened nearly 10 new stores and entered new markets in Tennessee and is set to enter South Carolina, while also strengthening …

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Smoothie King Marks Growth Milestone With 1,200th Store Opening

by Katie Lee

Dallas — Smoothie King, the world’s largest smoothie brand and the first health and fitness fast-casual brand of its kind, has opened its 1,200th domestic store, located in Roanoke, Texas. The new store, located near Smoothie King’s corporate headquarters in the Dallas-Fort Worth metroplex, celebrated its ribbon-cutting ceremony on Nov. 14. In addition to the Roanoke opening, Smoothie King is accelerating its expansion in the Chicago area — one of its fastest-growing markets — with 10 new locations in various stages of development. This includes recent openings in Dekalb on …

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Nothing Bundt Cakes Appoints Chief Development Officer

by Katie Lee

Dallas — Nothing Bundt Cakes®, the nation’s largest specialty cake company, has appointed franchise development veteran Joel Larkin as chief development officer to lead the 635-unit brand’s continued expansion. Larkin brings over two decades of franchise development and operations expertise to Nothing Bundt Cakes. He most recently served as chief franchise and development officer at European Wax Center, where he oversaw its expansion to more than 1,000 locations. “Joel’s background is uniquely suited to the fast-paced growth we are undertaking here at Nothing Bundt Cakes,” says Dolf Berle, CEO of …

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