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Yum! Brands to Acquire Technology Company Dragontail Systems

by Katie Lee

Louisville, Ky., and Perth, Australia — Yum! Brands, Inc. and Dragontail Systems Limited, an innovative provider of technology solutions for the food industry, have entered into a binding agreement under which Yum! Brands would acquire Dragontail for A$93.5 million in cash. The proposed acquisition is expected to close by the end of third quarter 2021. If successfully implemented, the addition of Dragontail to Yum! Brands’ growing technology portfolio is intended to give Yum! Brands the ability to scale Dragontail’s artificial intelligence (AI) kitchen order management and delivery technology globally. Australia-based …

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Nathan’s Famous Acquires Arthur Treacher’s to Relaunch as Virtual Kitchen Concept

by Katie Lee

Jericho, N.Y. — Nathan’s Famous, the American tradition serving New York favorites for more than 100 years, has added Arthur Treacher’s to the brand’s portfolio, now available as a ghost kitchen concept. Arthur Treacher’s, which was founded in 1969, offers hand-dipped fish, chicken and French fries. The menu, which has been revamped by Nathan’s Famous, will highlight the brand’s traditional menu items while also featuring upgraded proteins, more contemporary builds and includes a focus on shrimp. “We are thrilled to provide operators across the country with the opportunity to add …

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The Container Store Fills 5 Leadership Roles with Specialty Retail Experts

by Katie Lee

Coppell, Texas — The Container Store, leading specialty retailer of storage and organization solutions and custom closets, has added five new company leaders to complement existing leadership. Four months into Satish Malhotra’s role as CEO, he has hired key leaders and added new roles: Dhritiman Saha (chief information officer), Michelle Gill (vice president of merchandising), Robert Higgins (vice president of real estate), LaTisha Brandon (senior director of diversity, equity and inclusion) and Ivet Taneva (senior director of environmental, social and governance). Saha comes from GameStop where he was the chief …

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construction and designNewsremodelsrestaurants

sweetgreen Rebrands to Reimagine the Future of Fast Food

by Katie Lee

Los Angeles — sweetgreen, the mission-driven restaurant brand serving healthy food at scale, introduces a new brand identity to reimagine fast food and speak to future generations about the importance of what they eat. The goal was to create a flexible, sustainable design system that both reflects the culture of local communities and works at scale. With this rebrand, sweetgreen aims to be a positive force on the food system by focusing on the following areas: Food: sweetgreen wants to show that fast food can be synonymous with real food. …

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exterior services/landscapingfacilities managementNewsproperty managementsnow and ice managementvendors

Powerhouse Acquires Exterior Services Management Company DENTCO

by Katie Lee

Crowley, Texas — Powerhouse, a national construction, facilities maintenance and rollout service provider, has acquired DENTCO®, a national exterior services provider headquartered in DeWitt, Mich. The 44-year-old company offers a complete suite of all-season property management solutions addressing exterior services issues for active as well as idle facilities. This deal is Powerhouse’s second major transaction, resulting in it becoming one of the four largest national managed services companies in the exterior space. As a result of the partnership, all Powerhouse Exterior Services Management (ESM) programs will be powered by DENTCO, …

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Tango Extends Partnership with Big Lots for Post-Pandemic Needs

by Katie Lee

Dallas — Tango, the leader in Store Lifecycle Management (SLM) and Integrated Workplace Management System (IWMS) software solutions, has extended its partnership with Big Lots for 3 additional years. Big Lots, a national neighborhood discount retailer with 1,414 stores, is now a full lifecycle customer, utilizing all products in the Tango Retail suite including Predictive Analytics, Real Estate, Projects, Lease and Maintenance. “With the adoption of Tango Predictive Analytics, we now have a complete end-to-end solution to support our location and development strategy,” says Shannon Letts, senior vice president, real …

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MARQUE Luxury Names National Business Development Director

by Katie Lee

Irvine, Calif. — MARQUE Luxury, the industry’s leading provider of certified pre-owned goods, has named Sean Makovsky the national business development director, U.S. He is based in San Antonio, Texas, and will report directly to MARQUE’s leadership team at the company’s Irvine, Calif., headquarters. Makovsky was a supervisor for Money Mart Pawn and Jewelry and had been with the company since 2015. Money Mart Pawn and Jewelry currently operates in two states and has 28 stores in the Brittex brand family. “For 25 years, I’ve had the opportunity to work …

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Potbelly Names New Chief Development Officer

by Katie Lee

Chicago — Potbelly Corporation has appointed Larry Strain as its chief development officer (CDO) effective immediately. Potbelly is contracting with Restaurant Development Experts (RDE), LLC in connection with Strain’s engagement for this role and Bob Wright, president and CEO of Potbelly, will have oversight responsibility for him. Strain will oversee four key areas of shop development including Corporate Development Services, Franchise Sales & Development, Brokerage Services & Tenant Representation, and Strategic & Trade Area Level Market Planning. “The addition of Larry and his wealth of experience in real estate and …

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HSBC Sells 90 Branches, Exits Mass-Market Retail Banking Sector

by Katie Lee

New York City — HSBC Holdings has announced plans to exit its U.S. mass-market retail banking business through the sale of 90 of its 148 domestic branches. HSBC will retain 20 to 25 of its existing physical locations in the U.S., which will be repurposed into international wealth centers. These branches will focus exclusively on the banking and wealth management needs of high-net-worth clients. These centers will be located in cities such as New York, Washington, D.C., San Francisco, Seattle, Los Angeles and Miami, according to reports by The Wall …

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construction and designNewsrestaurants

Two New Restaurant Concepts by Celano Design Studio to Open this Summer in Las Vegas

by Katie Lee

Las Vegas — Celano Design Studio has two new restaurants opening this summer. Tapped by Resorts World Las Vegas, the city’s highly anticipated resort opening on June 24, Celano is the creative lead behind the design of two of the hotel’s exciting new concepts: ¡Viva!, a new Mexican restaurant from Chef Ray Garcia, as well as Here Kitty Kitty Vice Den, a hidden speakeasy located within Zouk Group’s Asian hawker-inspired food hall Famous Foods Street Eats. Together with local architect Marnell Companies, Celano has designed two unique spaces with lively …

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