Cara names Frank Hennessey Chief Executive Officer

Press release Cara Operations Limited is pleased to announce that effective May 10, 2018, Frank Hennessey has been appointed Chief Executive Officer of Cara as Bill Gregson will relinquish those duties but will take on the role of Executive Chairman of the Board. Mr. Hennessey is a seasoned restaurant executive with 31 years of restaurant, food manufacturing and grocery retail experience. […]

Cara Operations to merge with Keg Restaurants Ltd.

Press release Cara Operations Limited (“Cara”), Keg Restaurants Ltd. (“KRL”) and The Keg Royalties Income Fund (the “Fund”) are pleased to announce that Cara and KRL have agreed to merge pursuant to the terms of a binding letter of intent. Vancouver-based KRL is the owner/operator and franchisor of casual dining steakhouse restaurants operating under the […]

Cara Operations Limited completes acquisition of Pickle Barrel

Press release Cara Operations Limited announced on October 16, 2017 that it entered into a purchase agreement to acquire a 100 per cent interest in the Pickle Barrel Group of Restaurants. On Dec. 1, Cara is pleased to announce the transaction successfully closed November 30, 2017. Peter Higley, President of Pickle Barrel, commented, “We’re excited to be a […]

Cara Operations Limited announces purchase of Pickle Barrel

Press release Cara Operations Limited is pleased to announce that on October 13, 2017 it entered into a purchase agreement to acquire a 100 per cent interest in the Pickle Barrel Group of Restaurants. The transaction is anticipated to close by the end of the year. About Pickle Barrel  Pickle Barrel was founded in 1971 and today […]

Cara works with Canadian chicken industry to evolve animal welfare for broiler chickens

Press release Cara continues to believe strongly in the humane treatment of animals, including the animal welfare of broiler chickens, and the ongoing evolution of these practices.  Cara is also a strong supporter of Canada’s farm community and the approximately 2800 chicken farmers from coast to coast of which the vast majority are family owned and operated.  Presently, […]

Cara completes acquisition of Original Joe’s Franchise Group Inc.

Press release Cara Operations Limited (TSX:CARA) (“Cara”) announces today that it has acquired a majority ownership interest in Original Joe’s Franchise Group Inc. (“Original Joe’s”) for $93 million. $90.0 million of Cara’s $93.0 million purchase price was used by Original Joe’s to re-acquire its trademarks and royalty rights from Diversified Royalty Corp (TSX:DIV) (“DIV”). Cara has funded its $93.0 million investment in […]

Cara Operations Limited to acquire Original Joe’s for $93 million

Press release Cara Operations Limited announced on September 1 that it has entered into a transaction to acquire a majority ownership interest in Original Joe’s Franchise Group Inc. for $93 million.  $90.0 million of the $93.0 million purchase price will be used by Original Joe’s to re-acquire its trademarks and royalty rights from Diversified Royalty Corp.  Original Joe’s franchises and […]

Cara supports Canadian Red Cross’ Alberta Fires Appeal

Company donates $50,000 and launches national fundraising drive Cara Operations Limited and its employees banded together today to support the people of Fort McMurray with a $50,000 donation to The Canadian Red Cross’ Alberta Fires Appeal. “Everyone at Cara is heartbroken by the scenes of devastation in Fort McMurray and surrounding areas and we want […]