German restaurant franchise company Vapiano said on Thursday it had applied to start insolvency proceedings, becoming another high street casualty of a national coronavirus lockdown that is expected to remain in force...
Dave & Buster’s explores stake sale to buyout firms: sources
Dave & Buster’s Entertainment Inc is in talks with private equity firms about a potential stake sale, after the coronavirus forced the U.S. restaurant and arcade chain to shut its venues, people familiar with the...
JCP Partners asks Dine Brands to spin off IHOP in shareholder proposal
Activist investment firm JCP Investment Partnership is urging Dine Brands Global Inc to spin off its IHOP pancake house restaurant chain at a time restaurants have largely been ordered to shut in order to help slow the...
Hospitality M&A deals to exceed $ 800 million in 2020: HVS
Hospitality consultancy firm HVS expects mergers and acquisitions in the hospitality space to exceed $ 800 million in 2020, besides a revenue per available room growth in the range of 4.7%-5.4%. In its new report titled...
Blackstone raises offer for Japan’s Unizo, tops Lone Star’s bid
Blackstone Group has raised its proposed offer to buy Japanese hotel chain Unizo Holdings to 6,000 yen ($53.78) from 5,600 yen per share, the U.S. private equity firm said on Monday, topping a bid by U.S. investment...
KFC owner reports ‘exceptional quarter’, picks up stake in DIL
Yum! Restaurants India, owner of KFC, Pizza Hut and Taco Bell, had an ‘exceptional quarter-basis value innovation and expanding digital channels’, the restaurant chain’s global chief executive David Gibbs said in a post...
Mahindra Holidays keen to acquire stressed assets across country, including Kashmir
Mahindra Holidays is looking at acquiring stressed assets in the hospitality sector across different parts of the country, including Kashmir. Kavinder Singh, MD & CEO of Mahindra Holidays and Resorts India Ltd, told...
CITIC to sell 22% stake in McDonald’s China business to PE arm: sources
CITIC Ltd, the main listed arm of Chinese state-owned conglomerate CITIC Group, plans to sell a 22% stake in McDonald’s Corp’s mainland China and Hong Kong business, which is likely to be bought by the group’s private...
Lone Star emerges as white-knight bidder for Japanese hotel chain Unizo
Japanese hotel chain Unizo Holdings said on Sunday it had received a friendly buyout offer from U.S. investment fund Lone Star, a deal that could end a five-month takeover battle involving Blackstone Group, Fortress...
Blackstone awaits Unizo response on $1.6 billion buyout proposal
Blackstone Group said on Friday it is waiting for Japanese hotel operator Unizo Holdings to respond to its $1.6 billion takeover proposal. Blackstone in October emerged as a bidder for Unizo and told the hotel chain it...
Blackstone says Unizo has not agreed to its $1.6 billion takeover offer
Blackstone Group Inc said on Thursday it has been unable to obtain an agreement from Japanese hotel operator Unizo Holdings Co Ltd for its $1.6 billion takeover bid proposal. Blackstone last month offered to buy the...
Japanese hotel group Unizo gets six new buyout offers
Japanese hotel operator Unizo Holdings said on Sunday it had received six more buyout offers at a price competitive with an existing $1.6 billion bid proposed by Blackstone Group. Unizo said it had received offers from...
