Burger King Holdings, Inc. announced it would be selling its Company stock to 3G Capital. 3G will assume control of the company and all outstanding debt. 3G will also pay shareholders $24 per share, for a total of $4-billion.
Logan’s Roadhouse announced that it would be acquired by affiliates of Kelso & Company. Logan’s officials said they were pleased that Kelso would back them financially through their next stage of growth. Financial terms of the agreement were not disclosed.
Church’s Chicken completed the hiring of John F. Bowie to serve as President of US operations as the company looks to expand its presence in the US market. Bowie had previously served as Vice President for Friendly’s Ice Cream Corporation since 2007. He was with Wendy’s International for the 13 years preceding his move to Friendly’s.
Waffle House announced the winner of their songwriter’s competition. The song will be featured on the restaurant’s jukebox across the nation. Additionally, the opening of the Waffle House Museum was announced for September 11, coinciding with the end of Waffle Week. This year’s new flavor of waffle will be Apple Cinnamon Oat, and will be available for a limit time only.
Smashburger announced that it would expand its operations to South Korea in 2011. The successful American burger chain said the move is part of a comprehensive and aggressive international strategy.
Zagat’s National Restaurant Chain Survey for 2010 has been completed, and Outback Steakhouse was voted to have the best steak among chain restaurants. Over 6,300 people who ate at dining establishments an average of 10.7 times per month voted in the annual poll.
Genghis Grill, a Mongolian BBQ restaurant specializing in an interactive serving style, announced the opening of its 50th U.S. location. The opening of the restaurant marked the fourth Houston location for the franchise. Genghis plans to open 10 more stores before the end of the year. The chain can currently be found in 14 different states.
Dunkin Donuts will offer the “Monkey See, Monkey Donut” at participating locations this week and run through September 12. The banana foster-filled donut features chocolate icing, and is topped with chopped Reese’s Peanut Butter chips. The donut was the winner of the recently completed “create your own donut” competition.
Baskin-Robbins opened their first location in New Orleans since all of the city’s stores were closed due to the 2005 Hurricane Katrina. The store, located just north of the Ninth Ward, was rebuilt at its former location and opened 5 years to the day after the previous location had closed.
You can now get Seattle’s Best Coffee at 30,000 locations across the U.S. The division of Starbucks has increased their U.S. presence with an aggressive plan since March. Since March, the company has increased the number of places a cup of Seattle’s Best Coffee can be found by tenfold.
Pizza giant Papa John’s is set to kick off the start of the NFL season as the official pizza sponsor of the NFL. The company will team with the NFL, NBC, and ESPN to create new promotional features starring “Papa” John Schattner and NFL team owners. The beginning of the football season will also mark the start of a number of specials the pizza chain will offer to customers, beginning with a large 3-topping pizza for $10.