paul brown

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 …

0 FacebookTwitterPinterestEmail

Atlanta — Arby’s Restaurant Group Inc. has completed its previously announced $2.9 billion acquisition of Buffalo Wild Wings Inc. As part of the transaction, the company launched a new restaurant company known as Inspire Brands Inc. The company will oversee the growth of Arby’s, Buffalo Wild Wings and an emerging brand, R Taco.

0 FacebookTwitterPinterestEmail

Atlanta — Arby’s Restaurant Group, Inc. (ARG), parent company of the franchisor of the Arby’s brand, has signed several recent franchise development agreements beginning late fourth quarter 2015 through March 15, 2016 for the development of 138 new restaurants. This news follows a strong year of development for Arby’s in 2015 with 61 new restaurant openings and 179 remodels system-wide.

0 FacebookTwitterPinterestEmail