Thomas Keller Group Settles EEOC Case for $2 Million
Thomas Keller Restaurant Group will pay $2M to settle an EEOC harassment and retaliation case tied to Bouchon Las Vegas, closing a long-running action from 2018.
Jul 19, 2026
Thomas Keller Restaurant Group will pay $2M to settle an EEOC harassment and retaliation case tied to Bouchon Las Vegas, closing a long-running action from 2018.
Jul 19, 2026
Fresh Kitchen names Bill Knopf and Matt Livingston to lead operations and development as the clean-label bowl brand targets growth beyond 100 locations.
Jul 18, 2026
Hardee’s franchisee Superior Star filed Chapter 11 after a 2023 deal revealed unpaid taxes, costly repairs, and lease burdens; plans to reject leases and refocus.
Jul 18, 2026
Cinnabon posted a net gain of 308 U.S. units in 2025 and launched Seattle’s Best Coffee in 2026 to boost beverage mix, margins, and franchise-driven expansion.
Jul 18, 2026
Craveworthy taps master franchisee Unisan Bowls to launch Genghis Grill and Dirty Dough in India, targeting Hyderabad first amid tight U.S. financing.
Jul 17, 2026
Buffalo Wild Wings launches Poppin’ Ranch, a 99-cent popping-candy ranch add-on, designed to spark sensory buzz and impulse trials ahead of Wing Day.
Jul 17, 2026
Wonder closed a $650M Series D at a $9B valuation to expand locations and invest in robotics, AI, and delivery tech, accelerating its automation-first restaurant model.
Jul 17, 2026
Understand sports bar startup expenses, including location, construction, kitchen equipment, televisions, licenses, insurance, staffing, supplies, and cash reserves for operations.
Jul 16, 2026
Learn how to increase restaurant sales during the World Cup final through smarter planning, staffing, promotions, inventory, menus, and operations.
Jul 16, 2026
Mother-daughter duo Ciara Boyce and Tracey Pidge bring Hotworx to Wasilla, the first of four Alaska studios, extending a fast-growing 800+ location brand.
Jul 16, 2026
Callaway completes the majority sale of Topgolf to Leonard Green, rebrands as CALY, and tightens the balance sheet to focus on core golf gear.
Photo by Geoffrey Moffett
Callaway Golf has closed a consequential pivot that reshapes its business map. The company sold 60% of Topgolf and Toptracer to Leonard Green & Partners, with the deal effective January 1, 2026. Topgolf will run as an independent entity under new owners, while Callaway keeps a 40% stake and maintains a commercial partnership. In the same move, Callaway will rename the parent to Callaway Golf Company and pursue a new NYSE ticker CALY, around mid-January. The cash proceeds, nearing $800 million, will strengthen liquidity and enable debt reduction, setting the stage for a sharper focus on golf equipment and technology.
Two independent entities will emerge: Callaway, a leading golf equipment and technology platform, and Topgolf, a high-growth, venue-based entertainment brand. In the closing, Topgolf will operate under Leonard Green ownership, while Callaway retains a 40% stake and continues a commercial framework that aligns brand and technology through a shared history. The strategic separation is designed to unlock distinct investment theses and accelerate value creation for shareholders, avoiding a one-size-fits-all approach to capital, risk, and growth. This is a disciplined move, not a retreat.
Looking ahead, the real test is execution. Each unit will pursue its own capital plan under independent governance, delivering on its growth ambitions while safeguarding the brand relationships that powered Callaway’s broader push.