Cracker Barrel Sells Maple Street Biscuit Company to Biscuit Belly
Cracker Barrel has sold its Maple Street Biscuit Company brand and 35 restaurants to Biscuit Belly, LLC for $77 million in net proceeds. The company will close an additional 16 locations of the fast-casual breakfast chain as part of this transaction.
Tickers: $CBRL
Topics: acquisitions closures restaurant industry