Las Vegas — Phenix Salon Suites closed 2025 with continued development across the U.S. and internationally, reinforcing the strength of its business model as it enters a new phase of growth in 2026. During 2025, the brand opened 26 new locations, including one international location in York, UK, while signing a strong number of new, strategic franchise agreements across both new and existing markets. These additions further expanded Phenix’s footprint across Texas, Florida, California, New York and New Jersey. Looking forward, Phenix plans to open more than 30 new locations …
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New York City — Olo Inc., a leading restaurant technology provider, has formed a strategic partnership with Zipline, the world’s most experienced and advanced autonomous delivery service, to integrate drone delivery capabilities into the Olo platform. Expected to launch in early 2026, the integration will enable restaurant brands using Olo Rails to offer Zipline’s autonomous drone delivery as a fulfillment option, streamlining operations while expanding their reach to serve more guests faster, more conveniently and more efficiently. Olo Rails consolidates orders from third-party marketplaces directly into restaurants’ point-of-sale systems and …
Irvine, Calif. — Juice It Up!, a leading açaí bowl, handcrafted smoothie and raw juice chain, has reached a major growth milestone with the Gardnerville, Nev., opening of its 100th location. The new location marks the brand’s official entry into Nevada and sixth state in operation. The new unit is owned and operated by local franchisee Sukh Toor, who expects to expand the Juice It Up! footprint throughout Douglas County and into the Carson City and Reno areas. With additional development planned, the brand is poised to establish a strong …
Saks Global Files for Chapter 11 Bankruptcy, Secures $1.75 Billion Financing Commitment
New York City — Saks Global Holdings LLC, the owner of luxury retailers such as Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. The company secured a financing commitment of approximately $1.75 billion, comprising $1.5 billion from an ad hoc group of the company’s senior secured bondholders and roughly $240 million of incremental liquidity from its asset-based lenders. Saks Global says the financing package will strengthen its balance sheet and position …
Pasadena, Calif. — Dave’s Hot Chicken, a fast-growing Nashville-style hot chicken sensation from Los Angeles, has named Joshua Liggins as vice president of franchise development. He joins the company from Inspire Brands. Liggins joins Dave’s Hot Chicken with extensive experience leading franchise development for some of the most recognized restaurant brands in the industry. Most recently, he served as director of franchising at Inspire Brands, where he oversaw franchise development efforts for Dunkin’, Baskin-Robbins and Sonic. He brings deep experience scaling high-growth franchise systems across multiple brands, markets and development …
Batavia, Ill. — Aldi, a German discount, small-format grocer, plans to open 180 new stores across 31 states this year. By the end of the year, Aldi will operate approximately 2,800 U.S. grocery stores, including its first Maine location in Portland and 10 new stores in the metro Phoenix area. The grocer has operated stores in the United States for 50 years and has gained a loyal following in recent years as the demand for discount grocery items increases in the face of inflation. The company disclosed that 17 million …
Manasquan, N.J. — Jersey Mike’s Subs, a leading franchisor of over 3,200 fast-casual sandwich shops, has signed a franchise agreement with JM Submarines UK LTD, led by Jersey Mike’s founder and chairman of the board, Peter Cancro, to open 400 stores in the United Kingdom and Ireland. Cancro founded Jersey Mike’s more than 50 years ago and remains a significant shareholder following the company’s sale to Blackstone last year. This agreement marks the first European expansion for the company, with plans to open the first location in 2026. “This marks …
Los Angeles — Global fashion retailer REVOLVE Group, Inc. has marked the official opening of its new store at The Grove in Los Angeles. REVOLVE is bringing its immersive retail experience to a prime location in Los Angeles with a new retail concept representing the next evolution of the brand’s commitment to immersive, elevated retail. Spanning 8,450 square feet, the two-story retail concept is designed to inspire discovery and connection. A strong, symmetrical entry sequence establishes an immediate sense of arrival, anchored by a sculptural spiral stair that serves as …
Philadelphia — Rita’s Italian Ice & Frozen Custard is entering 2026 with strong momentum following a record-setting year; the brand closed 2025 having surpassed 600 locations worldwide, reinforcing its position as the largest Italian Ice concept in the world and setting the stage for continued expansion in the year ahead. In 2025, Rita’s opened 35 new shops systemwide. U.S. openings increased 10% year-over-year, and new unit signings grew by nearly 10% year-over-year. This year, Rita’s expects to open approximately 45 additional shops. “Our focus in 2025 was building smarter, not …
Brentwood, Tenn. — Tractor Supply Company, the largest rural lifestyle retailer in the United States, has opened its 2,400th store location in Aiken, S.C. The new Aiken store, which opened on Jan. 9, was one of four Tractor Supply locations to host a grand opening within the first 2 weeks of 2026, setting the pace for the retailer’s expansion plans to open 100 new stores by the end of the year. Situated on the north side of town on Show Jump Circle, the new Aiken store features a 3,000-square-foot Garden …