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Burger King to Invest $300 Million to Remodel 1,100 U.S. Restaurants by 2028

by Katie Lee

Miami — Burger King plans to invest $300 million to modernize 1,100 U.S. restaurants by 2028, according to parent company Restaurant Brands International Inc. Each restaurant will be renovated in a new layout, called Sizzle, that emphasizes flexibility as well as the digital, pickup and drive-thru experiences. In addition to the planned renovations, the investment will also cover cash incentives for top-performing operators. “We are committed to giving our guests the very best experience in all our restaurants and that includes a modern, exciting restaurant image and digital experience that …

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Sam’s Club Deploys AI-Powered Exit Technology at 120+ Locations

by Katie Lee

Bentonville, Ark. — Sam’s Club® has made significant progress in its rollout of technology that resolves a key member concern: waiting in line for receipt verification to exit the club. The retailer’s first-of-its-kind application of artificial intelligence and computer vision technology has been deployed in more than 120 clubs since first unveiling it at the Consumer Electronics Show (CES) in January 2024. Sam’s Club plans to deploy the exit technology to all of its clubs by the end of 2024. Sam’s Club’s rapid deployment of its exit technology represents the …

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franchise developmentNewspeoplerestaurants

Daddy’s Chicken Shack Promotes 2 Executives to CEO and President

by Katie Lee

Castle Rock, Colo. — Daddy’s Chicken Shack has made two new promotions within its executive team. Tony Adams, who previously served as the vice president and chief of staff for Area 15 Ventures, will now be taking on the role of president for Daddy’s Chicken Shack, while Dave Liniger Jr. transitions from president to CEO. Adams and Liniger Jr. have been a part of Daddy’s Chicken Shack through Area 15 Ventures, the private equity firm that acquired the brand last year amidst a major growth surge. Area 15 Ventures is …

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WHP Global to Bring Toys”R”Us® Shop-in-Shops to 30 WHSmith Stores in the UK

by Katie Lee

New York City — WHP Global (WHP), parent company of Toys”R”Us®, has signed a long term license agreement with leading global retailer WHSmith as the exclusive shop-in-shop partner for Toys”R”Us in the United Kingdom. WHSmith will have the exclusive license for Toys”R”Us shop-in-shops in its High Street stores, including opening 30 new shops this summer. Following the successful launch of Toys”R”Us shop-in-shops in select WHSmith stores last year, this partnership is part of WHP Global’s mission to expand the presence of Toys”R”Us across the UK retail landscape. “We’ve got off …

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Blackstone Agrees to Acquire Tropical Smoothie Cafe for Nearly $2 Billion

by Katie Lee

Atlanta and New York City — Private equity giant Blackstone has entered into a definitive merger agreement to acquire Tropical Smoothie Cafe, a franchiser of fast-casual restaurants, from Levine Leichtman Capital Partners. The deal values the Atlanta-based smoothie chain at around $2 billion, including debt, according to The Wall Street Journal. Tropical Smoothie Cafe began as a single location in Destin, Fla., in 1997. The chain has grown to more than 1,400 locations in 44 states today. The company opened more than 175 locations in 2023, 70% of which were …

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Kroger, Albertsons to Sell 166 Additional Stores in $2.9B Divestiture Agreement Ahead of Proposed Merger

by Katie Lee

Cincinnati and Boise, Idaho — Cincinnati-based The Kroger Co. and Boise, Idaho-based Albertsons Cos. Inc. plan to sell an additional 166 grocery stores to C&S Wholesale Grocers in a divestiture package. This marks an amendment to an existing agreement with the buyer, which will now acquire a total of 579 stores in a $2.9 billion deal. The original divestiture package was announced in September of last year, in connection with a proposed merger between Kroger and Albertsons. In February, the Federal Trade Commission (FTC) sued to block Kroger’s $24.6 billion …

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construction and designfacilities managementNewspeoplevendors

CAP Hires New National Sales Executive

by Katie Lee

Salt Lake City — Commercial Asset Preservation, LLC (CAP), a Salt Lake City-based service provider established in 2009 to operate a network of independent commercial contractors throughout the United States, has hired Ryan Alford as a national sales executive. Most recently, he was a national sales executive with Midwest Gloves, Inc., the leading glove producer in the U.S. “Mr. Alford will make a significant impact on our organization and the needs of our customers,” says Marc Insul, president and COO at CAP. “His decades of sales, property management and insurance …

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construction and designfranchise developmentNewsrestaurants

Flynn Group to Open 25 New Applebee’s Restaurants in the U.S.

by Katie Lee

Pasadena, Calif. — Applebee’s recently signed an agreement with the world’s largest restaurant franchise operator, Flynn Group, with the goal to open 25 new Applebee’s restaurants in the U.S. over the next 7 years. This expansion goal is part of Applebee’s development strategy to return the brand to net new unit openings. “After 44 years as the neighborhood dining destination in America, this agreement reinforces the confidence in the Applebee’s brand from our largest franchisee — and the largest franchise operator in the world — Flynn Group,” says Tony Moralejo, …

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JD Sports to Acquire Hibbett, Inc. for $1.1 Billion

by Katie Lee

Birmingham, Ala. — Hibbett, Inc., an athletic-inspired fashion retailer, has entered into a definitive merger agreement in which JD Sports Fashion plc will acquire Hibbett for $1.1 billion. Following the closing of the transaction, Hibbett will join the JD Sports family of athletic footwear and fashion retail brands and will cease to be a publicly traded company. Mike Longo will continue to serve as president and chief executive officer, while Jared Briskin will take on the role of chief operating officer of Hibbett. Hibbett will maintain its corporate headquarters in …

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LSI Industries Acquires EMI Industries, Expanding Store Fixtures and Foodservice Equipment Business

by Katie Lee

Cincinnati — LSI Industries Inc., a leading U.S. based manufacturer of commercial lighting and display solutions, has completed its acquisition of privately held EMI Industries for an all-cash purchase price of $50 million. EMI is one of the largest privately held retail fixture and food equipment companies in the North America. Florida-based EMI is an award-winning metal and millwork manufacturer of standard and customized fixtures, displays and food equipment for the convenience store, grocery and restaurant industries. For more than 40 years, EMI has worked closely with customers to develop …

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