Thursday, July 21, 2011
Industry News: Accelerating
Bugaboo Creek Steak House is under new ownership by Capitol BC Restaurants LLC, and open for business at 12 locations in Delaware, Maine, Maryland, Massachusetts, New Hampshire, and New York…Private equity firms Leonard Green & Partners and CVC Capital Partners entered into an agreement to purchase BJ’s Wholesale Clubs for $2.8 billion…Ross Stores opened its 1,000th Dress for Less store in North Pleasant Hill, CA…Microsoft plans to open 75 freestanding stores within the next 2 to 3 years. Microsoft has 11 stores across the country…Popeyes has opened its 2,000th restaurant...Yum! Brands has acquired restaurant chain Little Sheep, with 700 locations in China and a few in the US. Yum hopes to build the Little Sheep hot-pot concept into a global brand alongside KFC, Pizza Hut and Taco Bell. Yum has 38,000 outlets worldwide.