Four Corners Property Trust, a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties, announced the acquisition of six Red Lobster restaurant properties in Delaware, Indiana, Kentucky, Minnesota, Mississippi, and North Dakota for $25.9 million. The six newly acquired properties are under a single, triple-net master lease, which includes two other… read more

Stonefire Grill has named former Cheesecake Factory executive Scott Thomas as EVP, according to a company press release. “Bringing Scott to Stonefire Grill was an important strategic decision for us as we continue growing the brand throughout Southern California and beyond,” said Justin Lopez, Stonefire Grill CEO. “His experience, insights and vision are invaluable and we’re… read more

The industry’s struggle to meet the demand for future restaurant managers hasn’t exactly been a tale of triumph and delight. But one component is emerging as a model system for cultivating the next generation of leaders, with benefits that go beyond enlarging the pool of candidates. And the only limitation may be a lack of… read more

Sanitation will always be top-of-mind for bakers to ensure the food coming out of their facilities is safe. Although most batter-based products go through a kill step, bakers must still keep the mixer as sanitary as possible. It’s reassuring to have all bases covered, especially for aerated products that don’t travel through the oven. “What is… read more

Jack in the Box Inc. said it is exploring a range of financial strategies to maximize shareholder value, including a possible sale of the San Diego-based burger company. In a brief regulatory filing, Jack in the Box said it “has had discussions with potential buyers; however, it noted that there can be no assurance that… read more

Chipotle Mexican Grill, Inc. has filled out its leadership team with the addition of two executives. Roger E. Theodoredis joins the company as chief legal officer, and Tabassum Zalotrawala has been named chief development officer. Both will report to Brian R. Niccol, chief executive officer of Chipotle Mexican Grill. Mr. Theodoredis most recently was general… read more

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The Cheesecake Factory, known for its extensive menu, generous portions and legendary desserts, today announced the opening of its newest restaurants in Chattanooga, Tennessee and Lubbock, Texas. With more than 250 menu selections including Skinny Licious dishes with 590 calories or less and Saturday and Sunday Brunch—handmade, in-house with fresh ingredients—and more than 50 signature cheesecakes and desserts, The Cheesecake… read more

After taking big stakes in Smashburger over the course of three years, Asia’s largest restaurant operator, Jollibee Foods Corp., said it has acquired the remaining 15 percent stake in the Denver-based better burger chain. Jollibee, based in the Philippines, operates more than 4,300 restaurants around the world under various banners including its namesake fried chicken… read more

Applebee’s has taken a step back into restaurant ownership with the purchase of 69 locations from a North Carolina franchisee, marking the first company-owned restaurants in the Applebee’s system in three years. The company said Friday it had closed on a deal to buy 69 Applebee’s from Raleigh, N.C., franchisee Apple Gold Group. The restaurants,… read more