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True Food Kitchen Initiates Voluntary Chapter 11 Proceedings

by Katie Lee

Scottsdale, Ariz. — True Food Kitchen has filed for voluntary Chapter 11 relief in the U.S. Bankruptcy Court for the Southern District of Texas. In connection with the restructuring, True Food Kitchen has closed 12 restaurants as of Oct. 4. The company’s remaining 34 restaurants across 14 states are open and serving guests as usual. The company intends to use the Chapter 11 process to strengthen its financial foundation, optimize its restaurant footprint and cost structure and accelerate ongoing operational improvements. “True Food Kitchen is a pioneering brand with a …

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Batteries Plus Fuels Franchise Growth with 19 New Q3 Signings

by Katie Lee

Hartland, Wis. — Batteries Plus continued its strong, steady momentum in the third quarter, signing 19 new franchise agreements and opening 13 new locations across six markets. “The continued pace of growth we’re seeing clearly reflects power and connectivity, and Batteries Plus is uniquely positioned to deliver both,” says Victor Daher, vice president of global franchise development for Batteries Plus. “Entrepreneurs recognize that, and our pipeline of new franchisees and existing operators shows continued confidence in our brand, our innovation and the strong returns our model can deliver.” Batteries Plus …

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The Briad Group to Open First Multi-Brand Circle K Travel Centers in New York

by Katie Lee

Binghamton, N.Y. — The Briad Group, a leading hospitality and retail developer based in Livingston, N.J., plans to open its first multi-brand Circle K travel center, located in Binghamton, N.Y., this fall. A second multi-brand Circle K travel center in Watertown, N.Y., is under construction and expected to open in January 2027. The Binghamton and Watertown developments mark the first in a planned series of next-generation convenience and travel centers that will bring together fuel services, convenience retail, and nationally recognized quick-service restaurants under one roof. The 6,800-square-foot travel center …

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Albertsons Companies Names Interim CFO

by Katie Lee

Boise, Idaho — The board of directors of Albertsons® Companies, Inc. has appointed Cody Perdue as interim chief financial officer, effective Sept. 30. Perdue currently serves as senior vice president of treasury, investor relations and risk management and will continue to oversee those functions while serving in the interim role. Perdue succeeds Sharon McCollam, who previously announced her plans to retire as president and chief financial officer. McCollam will remain with the company in an advisory capacity through the end of the fiscal year on Feb. 27, 2027, to support …

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TGI Fridays Signs First U.S. Development Agreement in 10 Years

by Katie Lee

Dallas — TGI Fridays® has signed a development agreement with Bliss Bites LLC to open five new Fridays restaurants across New York State. The agreement marks the company’s first domestic development agreement in more than a decade, reenergizing its growth plans in the U.S. The agreement advances the momentum of Fridays’ “1-2-3 Strategic Vision,” its growth plan charting a path to more than 1,000 units and $2 billion in annual revenue by 2030. Fridays opened its first restaurant on Manhattan’s Upper East Side in 1965, and the state remains a …

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CAVA Marks 500th Restaurant & First in Minnesota

by Katie Lee

Washington, D.C. — CAVA, a Mediterranean fast-casual restaurant brand, has achieved a significant milestone as it marks the opening of its 500th restaurant. The new restaurant is located in Minneapolis, its first in the state of Minnesota. CAVA is ahead of schedule and poised to surpass its goal of 1,000 restaurants by 2032. The milestone Minneapolis restaurant opened on Sept. 23. With the new Minnesota location, CAVA now has locations in 30 states and Washington, D.C. “Reaching 500 restaurants is a defining moment for CAVA and a reflection of how …

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CarMax Names New EVP and SVP

by Katie Lee

Richmond, Va. — CarMax, Inc. has made two key leadership appointments to advance the company’s new ‘Shift into GEAR’ strategy for growth and strengthen its industry-leading customer experience. Elizabeth Dirgins has been named executive vice president, chief digital and customer officer, a newly created role that will further unify the end-to-end customer experience, from customer acquisition through vehicle transaction. Dirgins joins CarMax from Volkswagen Financial Services, where she served as the chief digital officer for its North American region and led digital strategy, customer experience and marketing for the business. …

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Chipotle Opens its 1,500th Chipotlane

by Katie Lee

Newport Beach, Calif. — On Sept. 29, Chipotle Mexican Grill opened its 1,500th Chipotlane, located in Bradenton, Fla., advancing the company’s North American growth strategy. Chipotle has added 500 Chipotlanes in less than 2 years as the format remains central to its development goals. The milestone comes amid continued growth across Florida, where Chipotle expects to grow its restaurant footprint by approximately 17% in 2026 and create approximately 1,500 restaurant jobs. Since introducing the Chipotlane in 2018, the format has consistently delivered higher volumes and returns than traditional Chipotle restaurants, …

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National Facilities Direct Adds lululemon to Growing Portfolio of National Brands

by Katie Lee

New York City — National Facilities Direct (NFD), a leading provider of integrated facility infrastructure and management solutions for complex, multi-location organizations, has been selected to support lululemon’s U.S. retail portfolio. The national partnership brings one of the world’s most recognized athletic apparel brands into NFD’s growing client portfolio and expands the company’s presence across high-expectation, experience-led environments. “lululemon has built a category-defining brand by holding every part of the experience to a high standard,” says Vince Kiel, founder and CEO of National Facilities Direct. “We’re excited to help protect …

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Rock N Roll Sushi Names Next CEO

by Katie Lee

Destin, Fla. — Rock N Roll Sushi has appointed restaurant and franchise executive Rick Gestring as its next chief executive officer. Gestring will lead the 80-unit concept into its next phase of growth, with a focus on strengthening the brand, supporting franchisee success and positioning Rock N Roll Sushi for continued expansion. Most recently, Gestring served as brand officer for Tasty Restaurant Group, where he led the KFC and Taco Bell restaurant portfolio. Previously, he was senior vice president of franchise operations for Honey Baked Ham and chief restaurant officer …

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