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16 Handles Names New VP of Franchise Development

by Katie Lee

New York City — National frozen dessert brand 16 Handles has named Fred Frey, an accomplished restaurant franchise development leader with an extensive background in finance and business growth, as its new vice president of franchise development. He joins the company from Shipley Do-Nuts. Most recently, Frey served as director of franchise development at Shipley Do-Nuts, where he played a key role in the company’s largest expansion to date, securing 117 franchise agreements in 2024 alone. Prior to that, he was franchise development manager for iced tea brand HTeaO, leading …

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Sycamore Partners Agrees to Acquire, Privatize Drugstore Giant Walgreens in Multibillion-Dollar Deal

by Katie Lee

Deerfield, Ill. and New York City — Walgreens Boots Alliance (WBA) has entered into a definitive agreement to be acquired by an entity affiliated with private equity firm Sycamore Partners. The total value of the transaction is $23.7 billion, according to WBA, including an equity value of $10 billion, as well as debt, capital leases and potential future payouts from the opioid and Everly Health Solutions COVID-19 testing settlements. Upon completion of the transaction, which is expected to close in the fourth quarter of 2025, WBA common stock will be …

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construction and designfranchise developmentNewsrestaurants

Jollibee Launches Franchising Program in the U.S.

by Katie Lee

West Covina, Calif. — Jollibee, a global fast-food fried chicken concept based in the Philippines, is launching its first franchising program in the U.S. The quick-service restaurant (QSR) chain is the flagship brand of Jollibee Foods Corporation (JFC), also known as the Jollibee Group, one of the world’s fastest-growing restaurant companies. Jollibee opened its first North American location in 1998 in Daly City, Calif., and currently operates 76 stores spanning 14 states in the U.S. and 28 stores in Canada. Jollibee’s projected expansion goal is to have 350 stores across …

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Newspeopleretailers

Beyond Names Principal Executive Officer and President & CFO

by Katie Lee

Murray, Utah — The board of directors of Beyond, Inc., owner of Bed Bath & Beyond, Overstock and buybuy BABY, has appointed its executive chairman, Marcus Lemonis, to serve as its principal executive officer and appointed Adrianne Lee to serve as its president and chief financial officer. “We are committed to making money and returning this business to growth and will not let any obstacles deter that goal,” Lemonis says. “This leadership team is best suited to carry out our mandate of delivering profitable commerce.” As part of these leadership …

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Newspeoplerestaurants

Domino’s Names Executive Promotions

by Katie Lee

Ann Arbor, Mich. — Domino’s Pizza Inc., the largest pizza company in the world, has promoted three company executives into new roles. Joseph Jordan is being elevated to the position of chief operating officer and president – Domino’s U.S.; Weiking Ng is being promoted to executive vice president – international; and Ryan Mulally is being promoted to executive vice president – general counsel and corporate secretary. All three executives will report to Russell Weiner, Domino’s chief executive officer. “Joe, Weiking and Ryan are talented and respected leaders of our company, …

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Academy Sports + Outdoors Adds EVP & Chief Information Officer

by Katie Lee

Katy, Texas — Academy Sports + Outdoors, a leading full-line sporting goods and outdoor recreation retailer, has appointed Sumit Anand to the role of executive vice president and chief information officer. He will oversee all enterprise technology operations including cybersecurity, IT infrastructure and operations, and IT shared services supporting the company’s corporate, distribution center and retail initiatives. Prior to joining Academy, Anand served in a variety of executive roles for At Home, based in Dallas, including chief information officer and head of strategy and was previously senior vice president of …

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franchise developmentNewspeoplerestaurants

Mountain Mike’s Pizza Names Chief Operations Officer

by Katie Lee

Irvine, Calif. — Mountain Mike’s Pizza, a leading family-style pizza chain for over 45 years, has named Steven Adyani as chief operations officer. With 30+ years of experience in the restaurant industry, including at Mountain Mike’s Pizza, Red Robin Gourmet Burgers, The Cheesecake Factory and with celebrity chef Gordon Ramsay, Adyani brings a wealth of operational expertise to the position. Most recently, he served as vice president of operations. Since joining Mountain Mike’s in 2020, Adyani has been instrumental in refining and optimizing brand operations across a thriving network of …

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JOANN Begins Store Closing Sales at All 790 Locations Nationwide

by Katie Lee

Hudson, Ohio — JOANN, the fabric and crafts retailer, has commenced store closing sales at all 790 locations nationwide. The store closing process is being managed by GA Group, a leading asset disposition, valuation, appraisal and real estate services firm with extensive expertise in large-scale retail liquidations, together with Tiger Group as part of a joint venture. “JOANN has been a beloved destination for makers and craft enthusiasts for more than 80 years,” says Tim Shilling of GA Group. “As we begin this store closing process, our priority is to …

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Perkins American Food Co. Unveils Flagship & New Restaurant Design

by Katie Lee

Orlando, Fla. — Perkins American Food Co. will unveil its highly anticipated flagship restaurant in Orlando, Fla., on March 19. The location signifies a major milestone in the brand’s evolution. The flagship restaurant will showcase a new state-of-the-art design, designed by Aria Group, that combines contemporary aesthetics with the brand’s heritage. The new venue spans 3,500 square feet and offers a bright and inviting atmosphere, showcasing how modern American hospitality comes to life. It also features an exterior patio and chic design elements. “We have put a lot of heart …

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The Home Depot Names EVP of Pro, President of Home Depot Canada & EVP of HR

by Katie Lee

Atlanta — The Home Depot® has named Michael Rowe as executive vice president (EVP) of Pro, effective immediately. He will be responsible for The Home Depot’s strategy to grow its business with professional customers. Most recently, he served as president of The Home Depot Canada. In his new role, Rowe will lead the expansion of key capabilities to serve the Pro market, including delivery capabilities, salesforce development, technology and CRM tools, order management and more. A 19-year veteran of the company, Rowe has held several leadership roles for the Canadian …

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