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BurgerFi-Kissimmeee
Company newsFinanceFloridaNewsRestaurants

Restaurant Chain BurgerFi Files for Chapter 11 Bankruptcy Protection

by Hayden Spiess

Fort Lauderdale, Fla. — BurgerFi International (NASDAQ: BFI) has filed for voluntary Chapter 11 bankruptcy protection. The Fort Lauderdale-based company operates under two brands: BurgerFi and Anthony’s Coal Fired Pizza & Wings. The two entities have a total of 144 restaurants open across the United States, Puerto Rico and Saudi Arabia.  The filing pertains to 67 corporately owned locations operating under both the BurgerFi and Anthony’s banners. The remaining 77 franchisee-owned locations are excluded from the filing, with the company’s total portfolio expected to remain open and continue normal operations.  BurgerFi …

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Company newsIllinoisNews

Pine Tree to Manage 1 Million-Square-Foot Chicago Area Retail Portfolio

by Hayden Spiess

Oak Brook, Ill. — Pine Tree has been awarded the management of retail portfolio comprising one million square feet across 16 properties in metro Chicago. Newcastle Properties is the owner. The portfolio includes Bloomingdale Auto Center and Bloomingdale Square in Bloomingdale; Aspen Point in Vernon Hills; Deerfield Commons and Cadwell’s Corners in Deerfield; Boardwalk Plaza and Orchard Plaza in Skokie; Dempster Plaza in Niles; Eastgate Plaza in Naperville; Fox Valley Auto Center in Aurora; Huntley Retail Center and Milrand Retail Center in Carpentersville; Market Square in Bolingbrook; and Parkview Plaza, Cicero …

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Smalls Sliders
Company newsNewsRestaurantsTexas

Smalls Sliders Signs Six-Unit Franchise Deal in Metro Fort Worth, Texas

by Hayden Spiess

Fort Worth, Texas — Cheeseburger slider chain Smalls Sliders has signed a new, six-unit franchise deal in the Fort Worth metro. Franchisee Brett Stewart will own and operate the restaurants, which are dubbed “Cans.” The first of the new units is scheduled to open in 2025. Locations will include Fort Worth, White Settlement, Weatherford, Granbury, Cleburne and Stephenville. Smalls Sliders was founded in 2019 and now has a portfolio of more than 300 restaurants currently open or under development. 

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Big-Lots-Inglewood-California
Company newsFinanceNewsOhio

Big Lots Files for Chapter 11 Bankruptcy, Enters into Sale Agreement with Nexus Capital

by Hayden Spiess

Columbus, Ohio — Big Lots has filed for voluntary Chapter 11 bankruptcy protection and has entered into a sale agreement with Los Angeles-based private equity firm Nexus Capital Management, a deal that would that the Ohio-based discount retailer private. Under the terms of the agreement, Nexus will serve as the “stalking horse bidder” (the approved investor that sets the low-end bar for a bankrupt company) in a court-supervised auction to acquire “substantially all” of Big Lots’ physical assets and ongoing business operations. Big Lots expects to keep the majority of its …

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Company newsIllinoisNews

Save A Lot, Yellow Banana to Reopen Six Grocery Stores in Chicago

by Hayden Spiess

Chicago — Grocery chain Save A Lot and Yellow Banana, a grocery platform that owns and operates Save A Lot stores, have announced the reopening of six remodeled stores in Chicago. Each of the stores has undergone extensive interior and exterior renovations. Openings have commenced and are scheduled to continue through the fall. Renovations at the locations included the addition of new flooring, lighting, equipment, HVAC systems, dairy and meat cases, paint, décor, fixtures and signage. 

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Chick-fil-A
Company newsMichiganNewsRestaurants

Chick-fil-A to Open 25 to 30 New Restaurants in Michigan by 2028

by Hayden Spiess

Atlanta — Atlanta-based Chick-fil-A has announced plans to open 25 to 30 new restaurants in Michigan by the end of 2028. Plans include locations in metro Detroit and Ann Arbor, as well as in the Lansing, Jackson, Flint-Saginaw and Benton Harbor areas. Openings are scheduled to begin later this year. The brand first entered the state in 2015. 

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Company newsIllinoisNewsRestaurants

Roti Files for Chapter 11 Bankruptcy

by Hayden Spiess

Chicago — Fast-casual Mediterranean restaurant chain Roti has filed for Chapter 11 bankruptcy protection, with plans to seek new investors or purchasers while reorganizing finances. The Chicago-based company, which was founded in 2006, intends to keep units in the Chicago, Minneapolis and Washington, D.C. metros open throughout the process. The company cites the effects of the COVID-19 pandemic and a recent downturn in consumer spending as some of the challenges leading up to the filing. “After careful consideration, filing for bankruptcy protection was the best way to address our challenges — …

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Company newsNew MexicoNewsRestaurants

Marco’s Pizza Signs Nine-Unit Franchise Agreement in New Mexico

by Hayden Spiess

Albuquerque, N.M. — Restaurant chain Marco’s Pizza has signed a nine-unit development agreement in New Mexico. Franchisees Chris and Kristian Ornelas will own and operate the restaurants, with the first new units scheduled to open in Albuquerque and Rio Rancho before the end of the first quarter of 2025. This mark’s the brand’s first entry into the state. 

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Company newsDevelopmentNewsNorth CarolinaRestaurantsSouth Carolina

Eggs Up Grill Signs Seven-Unit Franchise Agreement in North Carolina, South Carolina

by Hayden Spiess

Charlotte, N.C. and Travelers Rest, S.C. — Eggs Up Grill — a breakfast, brunch and lunch chain — has signed a new, seven-unit development agreement in North and South Carolina. Franchisee Conley McIntyre, who has a portfolio of existing Eggs Up outposts, will develop, own and operate the restaurants. Six of the locations will be in the Charlotte, North Carolina market, with an additional location in Travelers Rest, South Carolina. There are more than 100 Eggs Up Grill restaurants planned or currently underway.  

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GetGo-Cafe-Market
Company newsIndianaInvestment salesMarylandNewsOhioPennsylvaniaWest Virginia

Parent Company of Circle K Agrees to Acquire 270 GetGo Convenience Stores, Makes ‘Friendly’ Takeover Bid for 7-Eleven Owner

by Hayden Spiess

Laval, Quebec and Cranberry Township, Pa. — Alimentation Couche-Tard Inc., the Canadian parent company of Circle K, has agreed to acquire GetGo Café + Markets from Giant Eagle Inc., a supermarket chain based in Pennsylvania. GetGo’s portfolio includes 270 gas station and convenience store locations in Pennsylvania, Ohio, West Virginia, Maryland and Indiana. The company staffs approximately 3,500 employees. “We are excited to welcome GetGo into the Couche-Tard family,” says Brian Hannasch, president and CEO of Couche-Tard. “We look forward to growing together as we learn from and continue GetGo’s innovative …

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