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TGI Fridays Inks Most Significant Development Agreement in Company History

by Katie Lee

Dallas — TGI Fridays plans the development of 75 new restaurants throughout South and Southeast Asia over the next 10 years in partnership with Master Franchisor Universal Success Enterprises. The deal, which is expected to drive over $500 million in revenue for the U.S.-based company over 10 years, is the most significant development agreement to date for the brand. This latest development deal is core to TGI Fridays’ strategic global expansion strategy — as growth of the casual restaurant category internationally continues to thrive. The brand currently has 385 franchised …

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Starbucks Enters New Era of Growth Driven by 3-Year Reinvention Plan

by Katie Lee

Seattle — At Starbucks’ recent biennial Investor Day in Seattle, interim CEO Howard Schultz, CFO Rachel Ruggeri and other Starbucks leaders showcased the company’s Reinvention plan, which aims to invest in partners, customers and stores. The plan is expected to accelerate the company’s long term growth, progressively expand operating margin and drive high-teens non-GAAP EPS growth annually through fiscal 2025. “As we execute on our Reinvention plan, we are building on our 51-year history of market leading innovation to position our business and our brand for the next chapter of …

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WaBa Grill Inks 20-Store Development Deal for Northern California

by Katie Lee

Anaheim Hills, Calif. — WaBa Grill is growing its footprint throughout Northern California with a new development deal that will bring 20 more restaurants from Fresno to Sacramento. The 20-store development deal was signed by longtime WaBa Grill franchisees Gurpreet and Navreet Boparai, who currently own and operate three WaBa Grill locations in Ventura County. The Boparais now will develop the brand in 16 California counties, some being first-time markets. “One of our primary development goals has always been the expansion of WaBa Grill throughout the West with strong and …

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Great American Cookies Opens First Converted Brand Location in Las Vegas

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Great American Cookies and 16 other restaurant concepts, has opened the first converted Great American Cookies from Nestlé® Toll House® Café by Chip® in Las Vegas. The opening follows the May 2022 announcement of FAT Brands’ acquisition of the franchised chain of stores. Two additional converted stores are also set to open in Las Vegas by the end of 2022, furthering Great American Cookies’ presence in the city. “Over the last several months, we have been working with …

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Slim Chickens Adds Several Locations to South Dakota and Iowa

by Katie Lee

Sioux Falls, S.D. — Slim Chickens, a leading fast-casual franchise in the better-chicken segment, is expanding its presence throughout eastern South Dakota and northwest Iowa. Existing franchisee Todd Porter of TNT Chicken is spearheading this expansion. Porter is well-versed in the restaurant industry. In late 2017, he added Slim Chickens to his portfolio alongside several restaurant concepts, including local staples Chevys Fresh Mex and Johnny Carino’s. Porter also has experience in the full-service restaurant sector, as he owned and operated multiple Applebee’s locations throughout South Dakota, Iowa and Nebraska. His …

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Church’s Texas Chicken Taps Industry Veteran for EVP of International Business

by Katie Lee

Atlanta — Church’s Texas Chicken® has hired QSR industry leader Tim Waddell to take on the role of executive vice president of international business, effective September 6. Waddell brings extensive experience in the areas of global development, sales, marketing, operations and P&L management that will support the brand in its continued growth. “Tim’s expertise globally and within his category will help us propel our growth internationally. Tim is an accomplished, high-impact business leader with over 20 years of proven international development experience and has an outstanding reputation as someone who …

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Au Bon Pain Reveals New Bakery-Cafe Design

by Katie Lee

Dallas — Au Bon Pain, the bakery-cafe brand known for its gourmet convenience, has revealed a bold new store design. Planned to roll out companywide in 2023, the new design continues Au Bon Pain’s forward momentum started in July 2021, when franchisee Ampex Brands acquired the brand and its CEO Tabbassum Mumtaz pledged “to lead the bakery-cafe segment into the future.” The new design builds on customers’ new reality, where convenience and off-premise reign, without straying from Au Bon Pain’s roots as a French bakery serving freshly made, high-quality and …

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REGO Restaurant Group Partners with BCubed Manufacturing

by Katie Lee

Denver — As part of its brands’ continued transformations, REGO Restaurant Group — parent company of fast-casual sandwich chain Quiznos and regional Mexican chain Taco Del Mar, among other brands — has inked a strategic partnership and development deal with BCubed Manufacturing LLC, a Michigan-based manufacturing company that makes high-quality, fully outfitted freestanding drive-thru restaurants. With approximately 650-square-foot layouts designed for flexibility and efficiency, BCubed restaurants include both drive-thru and walk-up windows. Designed to fit on parcels of land that are too small for traditional restaurant development, BCubed restaurants contribute …

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Pokemoto Opens First Mississippi Location

by Katie Lee

Burleson, Texas — Pokemoto, Muscle Maker, Inc.’s expanding Hawaiian poke bowl restaurant concept, has opende its first Mississippi franchise location in Oxford, Miss. The opening marks the first of three previously inked franchise deals in the Mississippi market. Being near “Ole Miss” provides exposure to Pokemoto’s core targeted audience: Millennials and Gen Zs. The location features Pokemoto’s brand new interior graphic design package, signage and menu items. “We are very excited to be opening our first Pokemoto location in Mississippi, especially in Oxford — the home of the University of …

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WaBa Grill Signs 20-Unit Development Deal for Northern California

by Katie Lee

Anaheim Hills, Calif. — WaBa Grill, one of the nation’s leading healthy rice bowl chains, has signed a 20-unit Northern California development deal during its second quarter. Following an impressive first quarter, second quarter same store sales (SSS) rose to $43.7 million — up 2.2% from the previous year. Second quarter total system sales (TSS) reached $45.1 million — an increase of 4.3% compared to the same prior-year period. WaBa Grill is tracking toward a third-consecutive year of record growth. “The record-breaking success WaBa Grill experienced last year was phenomenal, …

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