Cracker Barrel sells Maple Street Biscuit Company, closes 16 locations
Cracker Barrel Old Country Store Inc (CBRL) has sold its fast-casual brand Maple Street Biscuit Company to Biscuit Belly and will permanently close the remaining 16 of its locations. The move is part of a broader strategy to streamline operations, strengthen finances, and refocus on core business areas.
Tickers: $CBRL
Topics: corporate restructuring divestment restaurant industry