Toledo, Ohio — Marco’s Pizza, one of the fastest-growing pizza franchises in the United States, has a new growth initiative to expand in strategic DMAs across the country, introducing 30 new locations by 2020.
restaurants
Cancun, Mexico — Grupo Anderson’s, a Mexican hospitality industry leader, plans to sell its iconic fun themed restaurant brand Señor Frog’s in the U.S. The group owns and operates restaurants and bars located in the main cities and tourist destinations in Mexico, the United States and the Caribbean. Currently they have five Señor Frog’s business units in the country: Myrtle Beach, Las Vegas, Miami, Orlando and San Juan (Puerto Rico).
Lexington, Ky. — Fazoli’s has signed two multi-unit development agreements for eight new locations in Georgia and Arkansas; additionally, the company has welcomed franchise and foodservice veteran Kathy Davidson as its new senior director of franchise sales.
New York — FM Restaurants HoldCo, LLC, an affiliate of Z Capital Group, LLC, a leading alternative asset manager of opportunistic, value-oriented private equity and credit funds, has appointed Randy Sharpe as chief executive officer and Ned Algeo as chief financial officer.
Miami, Fla. — Focusing on the Miami River and breathtaking views of downtown Miami and the sunset, River Landing has unveiled plans for a ‘restaurant row’ along the river. The 25,500-square-foot restaurant space on the ground floor can be divided into seven concept restaurants, including fine dining, fast-casual, café or bistro, and family-style dining. Restaurant Row will reinforce the Miami River’s identity as an experiential dining destination. The river is currently home to some of Miami’s most popular restaurants.
Saint Louis Park, Minn. — To demonstrate the effectiveness of its loss prevention and labor efficiency solution in Taco Bell franchises, Delaget analyzed key operational metrics of high-adoption users of the software as compared to Taco Bell franchisees not using the software. The results indicate a significant improvement in key metrics tied to loss, as well as substantial soft-cost savings.
Oklahoma City and Atlanta — On September 25, 2018, Sonic Corp. and Inspire Brands, Inc. entered into a definitive merger agreement under which Inspire will acquire Sonic for $43.50 per share in cash in a transaction valued at approximately $2.3 billion including the assumption of Sonic’s net debt.