The Junior IB’s Post

The ONE Group , the parent company of STK and Kona Grill chains, plans to acquire Safflower Holdings, owner of Benihana and RA Sushi Bar Restaurant , for $365 million. This acquisition will significantly expand One Group's presence, nearly tripling its venues to 168 worldwide. The acquisition aligns with One's strategy of diversifying its portfolio of experiential concepts, adding to its high-end, full-service offerings. Despite pandemic-related challenges, One Group's revenues have remained resilient, totaling $332.8 million in 2023, with a slight decline in same-store sales offset by overall revenue growth. Read More Here: https://lnkd.in/ejaxdCpm

The ONE Group , the parent company of STK and Kona Grill chains, plans to acquire Safflower Holdings, owner of Benihana and RA Sushi Bar Restaurant , for $365 million. This acquisition will significantly expand One Group's presence, nearly tripling its venues to 168 worldwide. The acquisition aligns with One's strategy of diversifying its portfolio of experiential concepts, adding to its high-end, full-service offerings. Despite pandemic-related challenges, One Group's revenues have remained resilient, totaling $332.8 million in 2023, with a slight decline in same-store sales offset by overall revenue growth. Read More Here: https://lnkd.in/eGax_Kex #innovation #venturecapital #investing #marketing #technology

The Restaurant Index outperformed the S&P 500 and Nasdaq markets by 2.60% and 2.62%, respectively, over the last month, despite recording a loss of -0.08%. This month's industry update highlights the announcement of a multi-billion dollar acquisition of a restaurant chain, the #1 rated restaurant in New York City, and several companies potentially facing Chapter 11 bankruptcy. Read more in the latest Ankura Restaurant Newsletter here: https://ankura.co/3KcPSRf #RestaurantIndex #MarketPerformance #SP500 #Nasdaq #IndustryUpdate #RestaurantAcquisition #TopRatedRestaurants #BankruptcyAlert #AnkuraRestaurantNewsletter #FoodIndustryNews

$CAVA the best of breed restaurant plays is breaking to new IPO highs today. It was put on @InvestorsBusinessDaily Leaderboard back in March which is how I learned of it. #IBDPartner Try LeaderBoard under $10 here: https://lnkd.in/e8MP6a9X

When it comes to recent IPOs, fast-casual chain Cava is bowling over the competition. After shares popped more than 300% since its public offering last year, the “Mediterranean Chipotle” is worth more than $10 billion—and $33 million per restaurant—according to Bloomberg. That’s an “unprecedented” per-location valuation in the industry, one analyst said, and exponentially higher than Chipotle’s ~$3 million per restaurant. That analyst cut his rating on Cava stock, arguing it’s gotten too expensive. https://lnkd.in/en6JnrRX

When it comes to recent IPOs, Cava is bowling over the competition. After shares popped more than 300% since its public offering last year, the “Mediterranean Chipotle” is worth more than $10 billion—and $33 million per restaurant—according to Bloomberg. That’s an “unprecedented” per-location valuation in the industry, and exponentially higher than Chipotle’s ~$3 million per restaurant. Read more, via Bloomberg:

Ever wondered what happens when two CEOs share a pizza? Check out Episode 2 of "Heroes of Hospitality" From that initial slice to bold pitches and negotiations, watch as we cook up a groundbreaking merger that's set to change the game for independent restaurants everywhere. Watch Episode 2 now and subscribe at  https://lnkd.in/gScwiJp6  - #HeroesOfHospitality #Innovation #RestaurantIndustry #IndependentRestaurants #RestaurantOwners #RestaurantOperators #HospitalityIndustry #SmallBizRestaurants #RestaurantInnovation

We would like to extend our gratitude to everyone who contributed to this process, including all our team members and all our stakeholders who believed in us from the very beginning. 👏👏👏 We also invite you to join us for the IPO story we will be sharing with M Demirel on November 20th. 🎙️🎙️ Event link 👇 https://lnkd.in/dV58nAzd Topic: Fireside Chat: A roadmap to launching a successful IPO #ipooftheyear #award #globalbankingmarkets #tabgida #turkey #capitalmarkets #tfi #tabfoodinvestments #turkey #successfulipo #atayatirim #isyatirim #yapikrediyatirim

MOD Pizza, which was considering bankruptcy, is being acquired by Elite Restaurant Group. The new parent company apparently specializes in "revitalizing distressed brands" (past acquisitions include Project Pie—now called Paxti's Pizza—and Slater's 50/50). MOD's decline is further evidence that fast-casual pizza chains have struggled of late. There are a lot of reasons for that, including higher costs and dwindling foot traffic. So it will be interesting to see how ERG moves forward with MOD, which was not too long ago a darling and rapidly growing brand. Things change quickly. https://lnkd.in/gWedCUhU

🍔 Exciting News in the World of Burgers! Restaurant Brands International has officially acquired Carrols Restaurant Group, the largest Burger King franchisee in the United States, in a monumental $1.0 billion deal. This acquisition isn't just about numbers; it's about fueling growth and innovation within the Burger King family. For more details, you can refer to the article below👇 https://rb.gy/dfe9xz #cre #nnn #investor #asheville #realestate #commercialbroker #commercialproperty #burgerking