Brands Inc. has entered into an agreement to acquire Homestyle Dining LLC, parent company to the Ponderosa Steakhouse and Bonanza Steakhouse brands (“Ponderosa” and “Bonanza”). Once the $10.5 million deal has closed, Ponderosa and Bonanza will be added to the Company’s existing portfolio of brands that includes Fatburger, Buffalo’s Cafe and Buffalo’s Express. The Company also… read more

Rotunda Capital Acquires IF&P Foods Rotunda Capital Partners, LLC, a lower middle-market private equity firm, has acquired IF&P Foods, LLC. The acquisition will accelerate the growth trajectory of one of the leading produce distributors in the Midwest. IF&P was formed in 1997 through the merger of Indianapolis Fruit (founded 1947) and Piazza Produce (founded 1970),… read more

Chicago Was Too Tough for These Burger Chains There is, apparently, such a thing as too many burgers. Only a few years after a horde of hamburger chains move to Chicago, some are already closing. Others are nixing expansion plans and watching sales slip, slammed by a glut of competition and an industry-wide slowdown as… read more

‘Worthless’ Subway ‘Footlong’ Sandwich Settlement is Thrown out: U.S. Court U.S. federal appeals court threw out a class-action settlement intended to resolve claims that the Subway sandwich chain deceived customers by selling “Footlong” subs that were less than a foot long. The 7th U.S. Circuit Court of Appeals in Chicago called the settlement “utterly worthless,”… read more