Last week, the private equity firm High Bluff Capital Partners bought Quiznos’ parent company for an undisclosed sum. Quiznos joins the dozens of popular fast-casual chains that have been bought by private equity firms in recent years. The quickening pace of private equity buys in the food sector is bringing greater scrutiny to an opaque business model and its ramifications for companies’ workers. No paywall
Yesterday, Arby’s closed its $2.9-billion acquisition of Buffalo Wild Wings. The combined restaurant chains will be renamed Inspire Brands Inc., and according to its chief executive, the company could acquire as many as 10 multibillion-dollar chains in the coming years.