Here are some of the news stories trending this week on NRN.com.
Robert Cornog Jr. and Richard Flaherty have been appointed as co-CEOs of Punch Bowl Social as the chain emerges from bankruptcy. Cornog also is the chairman of the chain, which was purchased in April by its former senior secured lender, CrowdOut Capital.
Fatburger and Hurricane Grill & Wings parent company Fat Brands announced the intention to acquire Global Franchise Group from Serruya Private Equity, Inc. and Lion Capital LLP for $442.5 million in cash and stock. Global Franchise Group franchises and operates quick-service brands Round Table Pizza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery and Pretzelmaker. The transaction is expected to close in July.
In other news, Yum Brands and 7-Eleven franchisee Ampex Brands announced Wednesday the acquisition of bakery-café chain Au Bon Pain from JAB Holding-owned Panera Bread. The deal was finalized on June 29 and includes approximately $60 million in assets, as first reported by the Wall Street Journal.
To check out what else happened this past week, click through the gallery to see what was trending on Nation's Restaurant News.
