Takeover deal proposed for Recipe Unlimited Corp.

One of Canada’s biggest restaurant chain parent companies, Recipe Unlimited Corp. may be getting a new owner. Toronto-based Fairfax Financial Holdings Ltd., an $18 billion holding company, has pitched a takeover deal for Recipe Unlimited Corp., valued at over $1.2 billion. The bid includes casual and fast-food chains of about two-dozen brands, including Milestone’s, The […]

Here today, gone tomorrow: the value of restaurant pop-ups

By Sylvia Tomczak Pop-ups aren’t an entirely new concept, but lately, they do seem to be appearing on just about every abandoned street corner or empty restaurant facade. From grocers to retailers and, of course, restaurants, the magic of the pop-up is that it’s here today and gone tomorrow. Either moving to a bricks-and-mortar location […]

Sobeys parent company to take over Longo’s

A significant Canadian grocery shake-up is on the cards. Nova Scotia-based chain Sobeys’ parent company, Empire, has agreed to buy the 51 per cent majority stake in independent Ontario grocery chain Longo’s in a deal worth $357 million. The deal, which would also see Empire acquire Longo’s online service Grocery Gateway, will add the business’ […]