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Denny’s agreed to an all-cash sale at $6.25 per share to a TriArtisan-led group, a 52% premium, after a formal market test that contacted over 40 potential buyers. Closing is expected in Q1 2026.

M&M Custard files for Chapter 11 with $27.7–$28M in liabilities after a troubled Chicago expansion, as Freddy’s corporate emphasizes continuity and wider system growth.

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Auntie Anne’s appoints Nathan Baldwin as Chief Brand Officer, effective September 2025, to unify brand strategy and accelerate a 'playfully bold' modernization that expands the pretzel brand streetside and into non-traditional venues.

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Convenience stores are using tightly priced meal bundles and beverage pairings to rival QSR value menus, backed by data-driven design, CPG partnerships, and omnichannel reach. With prepared food and packaged beverages driving "60.8%" of in-store profit dollars, the bundle has become a core strategy rather than a promotion.

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Oakberry inks a 100-unit exclusive in Texas with Rand Group, kicks off in 2026 across Austin, Dallas, and Houston, and leans on a $67 million Series C to scale a nationwide pipeline now topping over 250 U.S. stores.

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Callaway will sell a 60% stake in Topgolf and Toptracer to LGP at an approximately $1.1B valuation, netting about $770M to refocus on equipment and lifestyle brands and rebrand to Callaway Golf Company (CALY) upon closing in fiscal Q1 2026.

Papa John’s elevates CFO and EVP, International Ravi Thanawala to President, North America, unifying strategy after a quarter of diverging regional performance and sharpening focus on cost, supply chain, and refranchising.

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Yum Brands begins a strategic review of Pizza Hut, signaling potential separation as U.S. headwinds outweigh global scale. KFC shows modest growth while peers offer a divestiture playbook.

Domino’s unveils a confident refresh anchored by a sonic “Cravemark,” aligning brighter visuals, packaging tiers, and cultural voice with a growth engine spanning new stores, delivery aggregators, and a swelling loyalty base.

Sun Holdings acquires Bar Louie, adding a 39‑unit gastropub to its 1,800+ location platform. The deal extends a methodical M&A trail and targets scale‑driven recovery.