The largest shareholders behind the massive Flynn Group are considering a sale of a majority stake, according to media reports. The Flynn Group is reportedly considering a sale, according to multiple media reports, citing unnamed sources. The massive franchise operation, founded by Greg Flynn, is considered the world’s largest franchisee with more than 2,600 restaurants… read more

Jay Pandya, who declared personal bankruptcy in December only to have it terminated, is again seeking debt protection after his company lost a lawsuit filed by US Foods. The owner of Boston Market is giving bankruptcy court another shot. Jignesh “Jay” Pandya and his wife, Mital, on Friday declared personal bankruptcy in Pennsylvania, less than… read more

Oatly and Carvel said on Monday that they will partner to add oat milk-based items at the chain’s ice cream stores nationwide. The agreement is a boon for Oatly, which has struggled to recapture the enthusiasm investors had for the plant-based milk company when it made its stock market debut in 2021. Its shares jumped… read more

Parent Restaurant Brands International plans to spend $500 million to remodel Carrols Restaurant Group’s more than 1,000 locations before reselling them to smaller franchisees. Restaurant Brands International on Tuesday said it plans to acquire Carrols Restaurant Group, the largest franchisee of its Burger King brand, in a deal valued at $1 billion. RBI also said… read more

Thai Union, which led an investment group that acquired the casual dining seafood chain in 2020, said that it plans to exit the business. Thai Union Group has apparently had enough endless shrimp. The Bangkok-based seafood supplier, which has been an investor in Red Lobster since 2016, now wants out of the business, the company… read more

The Atlanta-based chain signed a pair of deals to expand into Canada and Latin America, its first international development agreements. Jimmy John’s is going to Canada. And to Latin America. The Atlanta-based sandwich chain on Wednesday said it signed a pair of development agreements that will take the brand beyond its borders for the first… read more

The burger chain said that Kirk Tanner will lead the company into its “next phase of growth and expansion.” He replaces Todd Penegor. Wendy’s on Thursday made an unexpected change at the top, naming former PepsiCo executive Kirk Tanner to be the company’s next CEO. Tanner will replace Todd Penegor, who has been an executive… read more

Several other states will increase their hourly minimums later in the year. NATIONAL REPORT — Retailers across the country will increase their operating budgets as the new year brings new wage hikes. Higher minimum wages took effect in 22 states on Jan. 1. Employees in seven states — California, Connecticut, Maryland, Massachusetts, New Jersey, New… read more

Founded in 2016, the quick-service bowl-and-smoothie chain said it plans to have more than 200 U.S. stores by 2026. Brazilian açaí concept Oakberry announced on Tuesday that it raised $67 million in its latest funding round, earmarked to fuel its U.S. growth. Oakberry has 35 stores in the United States but said it intends to… read more

In the Barbie movie, powerful and influential positions are all held by women. It was hard not to compare the summer blockbuster, which encourages women to be authentic and self-confident, to the energy at our inaugural CSP C-Store Women event November in Napa, California. I got chills as I looked around the welcome party on… read more