Content Spotlight
Tech Tracker: How digital tech is capitalizing on the hot restaurant reservations market
Tock and Google now offer experience reservations; Diibs launches as a platform for bidding on last-minute reservations
This is part of the Nation’s Restaurant News annual Top 100 report, a proprietary ranking of the foodservice industry’s largest restaurant chains and parent companies.
Private-equity groups have long been interested in the restaurant industry, buying up concepts as fast as they came up for sale.
That purchase frequency seemed to slow in 2015. At the very least, private-equity groups found themselves with more competition from foreign buyers.
Consider JAB Holding Co. JAB is the investing company of the Reimann Family out of Germany. The company has been aggressively shopping for foodservice concepts. In late 2014, for instance, JAB bought Einstein Noah Restaurant Group in a $374 million deal. This purchase came on top of deals for Peet’s Coffee & Tea, and Caribou Coffee in previous years.
In 2015, JAB bought Intelligentsia Coffee and Stumptown Roasters.
As a result of those deals, JAB’s domestic foodservice...
This content is available for registered users
Already Subscribed?