Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has successfully completed the previously announced acquisition of Hurricane Grill & Wings for $12.5 million, which was funded through a combination of $8 million in cash and $4.5 million in preferred stock. With the acquisition of Hurricane, FAT Brands now franchises more than 325 restaurants around the world with annual system-wide sales exceeding $350 million.
restaurants
Orlando, Fla. — Red Lobster®, the world’s largest seafood restaurant company, has expanded its partnership with last-mile logistics platform DoorDash to make delivery more accessible. Together with DoorDash, delivery will be available from more than 300 Red Lobster locations across the U.S. and Canada by mid-July.
Los Angeles — The Coffee Bean & Tea Leaf®, one of the world’s leading roaster and retailers of specialty coffee and tea, is returning to New York City through its new franchisee, Hudson River Coffee & Tea, which will open 100 franchise locations across New York City, beginning with Manhattan later this year.
Oakville, Ontario — TIM HORTONS® is undertaking a multi-year plan to expand and modernize its Canadian distribution network as part of a long term commitment to support restaurant owners and improve the guest experience in restaurants. The plan includes the construction of two new warehouse facilities — one in Alberta and one in British Columbia — and the significant expansion of an existing warehouse in Debert, Nova Scotia.