Investments Blog

A fast-growing Alabama-based chain has sold the business to one of its franchisees.

According to the Gadsden Times, Frios Gourmet Pops was sold to Cliff Kennedy in Mobile in a mutlimillion-dollar deal. The exact purchase price was not disclosed.

Frios, which specializes in gourmet ice pops, was founded in Gadsden by Andy Harp five years ago and has 36 locations in 10 states, including four in metro Birmingham.

Kennedy said he plans to move the company’s production to Mobile.

One of Montgomery’s oldest family-owned restaurants is closing its doors.

According to the Montgomery Advertiser, Corsino’s Italian Restaurant plans to close its location in Montgomery’s Garden District.

The restaurant hasn’t picked a closure date, but said it plans to remain open at least through the end of the year.

As we’ve noted, Alabama has seen a number of restaurant closures in recent years as new eateries and first-to-state concepts enter the market – not to mention…

Taco Bell is putting some beer with its burritos as it opened one of its Cantina restaurants in downtown Phoenix.

The eatery at the Collier Center on the east side of downtown was recommended for approval of its liquor license by the Phoenix City Council earlier this month. It officially opened Dec. 23, according to KTAR.com.

Taco Bell, which is owned by Yum Brands Inc. (NYSE: YUM), has opened 15 of the Cantina concepts around the country since the first debuted in Chicago during 2015.

Taco Bell…

Somehow the end of 2018 seems a bit murkier than in years past. We will enter the new year with just as many questions as we had going in.

Dalton & Wade Whiskey Common, a country-style bar and restaurant in the T3 office building in the North Loop, will close next week after 18 months in business.

The closing was announced on the company's Facebook page, which said Dec. 31, New Year's Eve, would be its final day.

The 4,000-square-foot restaurant opened on the main level of the T3 office building at 323 N. Washington Ave. in July 2017. Houston-based Hines finished the 224,000-square-foot T3 office building last November. Seattle-based…

Restaurant to be replaced by a new pub as ownership adapts to the downtown dining market.

Diners like the convenience and affordability of fast-food and fast-casual restaurants, a trend that shows no sign of slowing. Many of these chains have a presence across the country as they continue to expand. Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals and other media.

Starbucks (Nasdaq: SBUX) is topping off the holiday season by re-releasing its classy tuxedo collection of drinks from 2017. Starting Wednesday,…

The applicant plans to convert a former salon and retail shop on Dixie Highway into a distillery with bottling operations and a tasting area.

As it has since the late 1980s, MillerCoors flagship beer Miller Lite will sponsor free rides in Milwaukee on New Year's Eve this year.

Miller Lite Free Rides will return for the night of Dec. 31, 2018, offering free service on Milwaukee County Transit System routes starting at 8 p.m. through the end of regular service. Several of the MCTS routes, including GreenLine, BlueLine, and routes 14, 15, 19, 27 and 30, will operate on extended hours until 4 a.m.

“Miller Lite believes in making an impact…