
Chain shutdowns become more common after the pandemic
Earlier this month, about a year after it was sold out of bankruptcy, the casual-dining Mexican chain On the Border shut down all its company locations, leaving only six franchisee-owned units.
Sun Capital Partners is a investor in Burnaze's franchise knowledge graph, mentioned since 2016. 9 stories link here, each summarized from the original publisher.

Earlier this month, about a year after it was sold out of bankruptcy, the casual-dining Mexican chain On the Border shut down all its company locations, leaving only six franchisee-owned units.

Earlier this week, the barbecue chain Smokey Bones posted an announcement on its website, officially acknowledging what numerous media reports already figured out, that the chain was shutting down.

Jay Pandya's Pandya Restaurant Growth Brands purchases Corner Bakery from Roark Capital Partners in a private transaction.
Franchise expert Robert Stidham discusses evolution in the franchise industry
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FAT Brands is set to acquire Johnny Rockets for $25 million, expanding its portfolio of brands and increasing its global presence.

Fazoli's is adapting for the next 30 years, maintaining its best-in-class status with nearly 220 restaurants in 28 states, owned by private equity firm Sentinel Capital Partners.

Bar Louie closes 38 stores and files for bankruptcy, with lenders acting as 'stalking horse' bidders on the acquisition.

Garden Fresh Restaurant Corp., the owner of Souplantation and Sweet Tomatoes, files for bankruptcy and plans to close 20-30 underperforming locations.