Insomnia Cookies, Panera Brands, and the joint-employer ruleInsomnia Cookies, Panera Brands, and the joint-employer rule

Today on the Restaurant Daily podcast, we’re talking about Krispy Kreme’s sale of Insomnia Cookies to private-equity firms Verlinvest and Mistral Equity Partners for $172.4 million. The doughnut chain will use the funds to expand its footprint and pay down debt.

Panera Brands is also allegedly looking to offload its secondary concepts. Sources say the bakery/café chain is planning to sell Caribou Coffee and Einstein Bros. three years after the parent company was formed, and ahead of a rumored IPO for Panera.

The National Labor Relations board has dropped its appeal of the joint-employer ruling. Two months after appealing a federal judge’s decision to strike down the broadened rule, the NLRB is backing down for now.

Get all these stories and more above in today’s episode of Restaurant Daily.