Atlanta — Arby’s restaurant owner Roark Capital Group will buy Buffalo Wild Wings for $2.4 billion, or $157 per share. Including debt, the Buffalo Wild Wings deal is valued at about $2.9 billion.
News
Wichita, Kan. — Freddy’s Frozen Custard & Steakburgers is steadily expanding in the Southeastern United States with the opening of three new franchised locations — including its first location in Mississippi — and the announcement of a new franchise development agreement.
Franklin, Tenn. — In January 2018, Carl’s Jr. will open its first Manhattan location in Midtown, near Penn Station, at 425-427 Seventh Ave. The restaurant’s parent company, CKE Restaurants, signed a 15-year lease, according to Nation’s Restaurant News.
Topeka, Kan. — Payless ShoeSource has outlined several key initiatives as part of the company’s ongoing transformation. These actions will increase efficiencies across operations and allow Payless to re-prioritize the business to focus on the customer, accelerate and expand its e-commerce business, and invest in future growth — including expanding its domestic and international footprint.
New York City — Artichoke Basille’s Pizza, the rapidly expanding New York artisanal pizza concept, has signed a five-unit franchise deal to bring Artichoke Basille’s Pizza to New Jersey. The New Jersey stores will be located in Hoboken, Jersey City, New Brunswick, Princeton and Newark.
Bucyrus, Kan. — K.A.I. Total Pavement Management, a national construction management firm that specializes in parking lot maintenance, repair and reconstruction, has launched its newly revamped website. The updated website provides an improved user experience with easier to navigate access to K.A.I.’s core capabilities, company background, and more.