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Macy’s to Open The Social Kitchen & Libations in Macy’s Ridgedale in June

by Katie Lee

Minneapolis — Macy’s is expanding its restaurant portfolio with the opening of The Social Kitchen & Libations at Macy’s Ridgedale in Minnetonka, Minn. Its modern vibe and open kitchen concept connect traditions to trends, with a menu that pays tribute to Macy’s rich history in foodservice, spanning over 115 years. Macy’s has at least 15 store locations with various local and national restaurants included. “We are thrilled to announce the opening of The Social Kitchen & Libations, bringing a mix of traditional and modern flare to the Minneapolis and Saint …

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Friendly’s Files for Chapter 11 Bankruptcy, Enters into Sale Agreement

by Katie Lee

Wilbraham, Mass. — FIC Restaurants Inc., which operates the Friendly’s brand, has filed for Chapter 11 bankruptcy and entered in an agreement to sell all of its assets to Amici Partners Group LLC. Nearly all of Friendly’s 130 corporate-owned and franchised restaurant locations, known for burgers, sandwiches and ice cream, are expected to remain open subject to COVID-19 limitations. Friendly’s stated that it has sufficient cash on hand to continue operations, meet its obligations to employees, franchisees and vendors. Upon the sale closing, Amici expects to retain most employees at …

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Arby’s Parent Company to Acquire Jimmy John’s

by Katie Lee

Atlanta and Champaign, Ill. — Inspire Brands Inc., the parent company of Arby’s, has agreed to acquire Jimmy John’s Gourmet Sandwiches. Terms of the transaction, expected to close by the end of October, were not disclosed. The Jimmy John’s board of directors, including founder and chairman Jimmy John Liautaud, unanimously approved the agreement. Jimmy John’s had $2.15 billion in U.S. sales last year across 2,803 stores, a roughly 50% increase in both sales and locations since 2013, according to The Wall Street Journal. Jimmy John’s, based in Champaign, Ill., opened …

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PGA TOUR Superstore Continues Expansion

by Nate Hunter

Atlanta — The new store is the third to open in 6 weeks for the PGA TOUR Superstore, following openings in North Scottsdale, Ariz., in October and Orlando, Fla., in early December. Atlanta — PGA TOUR Superstore has opened a new store in Southlake, Texas. The 45,000-square-foot interactive store is the company’s 22nd retail store and its third in Texas, joining two Plano, Texas, locations. “Golfers and tennis players of all levels in the Southlake/Fort Worth area in for a real treat,” says Dick Sullivan, PGA TOUR Superstore’s president and …

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