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Twin Peaks Hits Key Growth Milestone with 100th Opening

by Katie Lee

Indianapolis — Twin Peaks Restaurant celebrated its 100th lodge opening on June 2 in the Indianapolis suburb of Greenwood, Ind. From the time Twin Peaks CEO Joe Hummel opened his first lodge in the Atlanta area as a franchisee, it took Twin Peaks 12 years to reach its centennial location. The brand is now expected to expand even faster, having already opened four new locations — with 12 more lodges in seven new markets scheduled to open — this year alone. Twin Peaks anticipates 20 per year opening in the …

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MOOYAH Burgers, Fries & Shakes Expands in New Markets; Hires Operational Services VP

by Katie Lee

Plano, Texas — MOOYAH Burgers, Fries & Shakes, a 90-plus-unit better burger franchise, has spent the first quarter opening three new locations and planning for an additional 13 openings for the rest of the year. MOOYAH is expanding in St. Louis, Mo.; Lubbock, Texas; Phoenix; Southern California; Dallas-Fort Worth; Boca Raton, Fla.; and Boston. “There are some pretty obvious places that we’re trying to fill in,” says Doug Willmarth, president and COO. “We have core markets in the Sun Belt from California to Florida, and we are filling in those …

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CRISP & GREEN Opens First Location in Manhattan; Continues Quest for 1,000 Units

by Katie Lee

New York City — CRISP & GREEN is set to open in New York City on June 1. Debuting in the popular NoMad neighborhood, this location also marks the company’s entry into its 10th state, with 10 additional states scheduled to open before the end of the year. Since its inception in 2016, the Minnesota-based company has consistently doubled its location count year-over-year, and the entry into this particular market symbolizes a very important turning point for the growth of the brand. Founded by wellness industry veteran and franchising expert …

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Jersey Mike’s Opens in 50th State, Alaska

by Katie Lee

Wasilla, Alaska — Jersey Mike’s Subs has achieved a major milestone with the opening of its first restaurant in Alaska. The sub chain now offers its fresh sliced/fresh grilled sub sandwiches in all 50 states. “We now have more than 2,500 Jersey Mike’s locations in all 50 states,” says Hoyt Jones, president, Jersey Mike’s Franchise Systems, Inc. “From the beginning, we’ve believed in smart growth and our success is driven by franchise owners who are passionate about our brand and giving philosophy.” The new Jersey Mike’s is located at 1451 …

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Panera Brands Establishes Next Generation of Leadership

by Katie Lee

St. Louis — Panera Brands Inc., which includes the fast-casual and hospitality brand Panera Bread as well as Einstein Bros. Bagels and Caribou Coffee, has established its next generation of CEO leadership and board governance in preparation for its eventual IPO. Current CEO Niren Chaudhary will become chairman of Panera Brands, handing the CEO reins to José Alberto Dueñas, currently president and CEO of Einstein Bros. Bagels, effective July 1, 2023. Former Starbucks CFO and independent director Patrick Grismer will become chairman of the audit committee. Over the last 4 …

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Bonchon U.S. Appoints New CEO

by Katie Lee

Dallas — Bonchon, a global leader in fast-casual Asian fusion dining known for its Korean double-fried chicken, has appointed former global CFO Bryan Shin to lead Bonchon U.S. as CEO. Shin joined Bonchon as head of global finance in 2019 with more than 10 years in the global food and beverage space. He previously served in various top global leadership and senior positions with brands including Goose Island Beer Company, Yum! Brands and CJ Foodville (a subsidiary of Korean conglomerate CJ Group), where he implemented strategies for a global launch …

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Vicky Bakery Appoints New CEO; Continues Franchise Growth

by Katie Lee

Miami — Vicky Bakery, South Florida’s original family-owned Cuban bakery since 1972, has named Mauricio Romero as its new chief executive officer. This announcement comes as Vicky Bakery is experiencing record-setting growth, continuous double-digit revenue gains, the opening of multiple new locations, and new strategic investments. Former CEO Alex Santiago will remain dedicated to his leadership role on Vicky Bakery’s board of directors. Romero comes to Vicky Bakery from his nearly 40-year career in the restaurant franchise industry where he has served in a variety of executive roles. Most recently, …

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MINISO Opens Global Flagship Store in Times Square, New York

by Katie Lee

New York City — Lifestyle retailer MINISO officially opened its new global flagship store in New York’s Times Square on May 19, 2023. The opening of the new flagship comes during the brand’s 10th anniversary year, and shortly after the announcement of a new global expansion strategy. With over 70 stores in the U.S., the American market has emerged as MINISO’s top-performing overseas market for two consecutive quarters. Located on the first floor of 5 Times Square, the new flagship has a bright and clean look, with the eye being …

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TGI Fridays CEO to Step Down

by Katie Lee

Dallas — Ray Blanchette, chief executive officer of TGI Fridays, is stepping down. Rohit Manocha, chairman of the board and co-founder of TriArtisan Capital Advisors, will be assuming Blanchette’s responsibilities in the interim. The TGI Fridays executive team will report directly to Manocha. Blanchette led TGI Fridays for the past 5 years, managing the company through a successful turnaround that included both national and global growth as well as through the turbulent impacts around the COVID-19 pandemic. TriArtisan is the lead investor in TGI Fridays with extensive holdings in the …

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Island Fin Poké Co. Debuts in Nashville, Tenn.

by Katie Lee

Nashville, Tenn. — On May 22, Island Fin Poké Co. will open its 26th location in the U.S. and second location in Tennessee, in Nashville. Offering Hawaiian-style poké bowls, this fast-casual restaurant is set to become a go-to spot for locals and visitors alike. “This is going to be a place where the community can go to get a well-balanced, convenient, healthy and fulfilling meal any day of the week,” says franchisee Tammy Fitzpatrick. “We’re excited to introduce this unique concept to Nashville. Island Fin offers the community a healthy alternative …

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