The Most Talked About Restaurant Headlines of the Week
This past week started with a pretty decent bombshell. As Arby’s closed on its $2.9 billion deal with Buffalo Wild Wings, the company announced the creation of Inspire Brands Inc. That in itself isn’t too revelatory. When you consider the brand value of Buffalo Wild Wings and Arby’s, having one company direct the other would have confused customers, and led to the dreaded question, “Will there be branded locations?” Of course not (the idea is mildly crazy). So Inspire Brands puts those issues to rest. However, what was interesting was CEO Paul Brown’s comment about the company’s goals to purchase no more than 10 chains, with system wide sales between $1 billion–$4.5 billion each. Any chain pushing that $1 billion barrier is going to be a serious name. Ten of them? That kind of portfolio is hard to even fathom. All I know is I can’t wait to find out who’s next.
Here were the biggest headlines of the week.