6 Figures to Know From the Latest Restaurant Performance Index

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Overall, the May 2021 Restaurant Performance Index saw a 0.8 percent decline from 106.3 in April to 105.5 in May.

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Luminate Capital Partners Sells AutoQuotes

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AutoQuotes will become part of a new cloud-software platform for manufacturers.

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SPB Hospitality to Acquire J. Alexander’s Holdings for $220M

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SPB Hospitality is set to acquire J. Alexander’s Holdings, Inc. for $220 million, a transaction that is currently under investigation by Halper Sadeh LLP.

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Ice Cream Equipment Manufacturer Opens North Carolina Facility

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Ali Group’s Carpigiani invested in a High Point, N.C., facility to manufacture batch freezers and soft-serve machines.

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Ali Group Submits Binding All-Cash Proposal To Acquire Welbilt

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Ali Group says it “looks forward to promptly entering into merger agreement with Welbilt.”

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Hatco Promotes Two Long-Term Players to Leadership Roles

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Foodservice equipment manufacturer Hatco recently announced the elevation of two long-standing employees to new leadership positions.

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Red Lobster Appoints CEO Kelli Valade

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Red Lobster yesterday announced the appointment of Kelli Valade as CEO on August 2.

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Parts Town OEM Parts Distribution Center

PT Holdings Group Acquires General Parts

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PT Holdings, which includes the Parts Town brand, has picked up Minnesota-based General Parts.

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Krystal Launches On-the-Go Restaurant Prototype

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Southern quick-service chain Krystal recently unveiled its new restaurant prototype featuring on-the-go elements.

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Yadav Enterprises Affiliate Acquires Taco Cabana for $85M

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Fiesta Restaurant Group announced the sale of its Taco Cabana brand to Yadav Enterprises for $85 million.

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