- Published: November 9, 2018
- Written by The Editors
Breaking news for the full foodservice equipment and supplies distribution channel. Includes information on dealers, distributors, design consultants and multi-unit operators spanning leadership changes, mergers and acquisitions, trends, data and much more.
Cliff Hudson will retire from his role as chairman and chief executive officer for SONIC Corp. once Inspire Brands’ deal to buy the drive-in chain closes. Claudia San Pedro, president of SONIC, will lead the company upon Hudson’s retirement and will become part of the Inspire executive team.
Allied Buying Corporation, a dealer-based foodservice equipment and supplies buying group, honored its suppliers with several annual awards.
Financially troubled Taco Bueno Restaurants has filed for bankruptcy and may soon have a new owner in Sun Holdings Inc., a multi-concept franchisee based in Dallas. Taco Bueno has 169 locations systemwide.
Restaurant holding company ARC Group has reached an agreement to purchase Tilted Kilt Pub and Eatery.
Investment firms Duration Capital and The Jordan Company have reached an agreement to acquire Bojangles’, a quick-service restaurant chain. The transaction is expected to close during the first fiscal quarter of 2019.