Guillermo Perales has another restaurant chain. Perales’s Sun Holdings, which operates giant chains like Burger King and Arby’s and also owns the Taco Bueno chain, has acquired Freebirds World Burrito, the 64-unit fast-casual Mexican chain based in Austin, Texas.
Huge news in the world of convenience stores. Alimentation Couche-Tard, or ACT, the owner of Circle K, is trying to buy 7 and i Holdings, the owner of 7-Eleven. Circle K is the country’s second-largest convenience-store chain, behind only … 7-Eleven.
Is another bankruptcy imminent? BurgerFi International on Friday said it may be close to filing bankruptcy, or being sold to its lenders.
Activist investor Sardar Biglari is mounting another attempt to take control of Cracker Barrel. The family-dining chain said it’s been alerted that the shareholder intends to seek five seats on the company’s 10-person board, including one for himself.
Get all the headlines in today’s Restaurant Daily podcast.
