Shoney's to be acquired by Church's franchisee

ATLANTA Ga. The largest franchisee of the Church's Chicken chain has agreed to acquire Shoney's Restaurants from an affiliate of Lone Star Funds, the Dallas-based private-equity fund that bought Lone Star Steakhouse & Saloon Inc. late last year.

Shoney's buyer, Royal Hospitality Corp. here, said it acquired the trademark and all franchise rights to the Shoney's name on Jan. 1. Nashville, Tenn.-based Shoney's franchises 230 restaurants. The purchase of the 52 c

Register to view the full article

Register to view this article

TAGS: Marketing News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish