Photo by MÁRIO ROCHA on Unsplash
Georgia-born Knuckies Hoagies expands through Walmart stores across six states via a franchise-led plan, signaling rapid, market-ready growth.
Apr 21, 2026
Photo by Peter Bond on Unsplash
Denny’s relaunches a tiered value menu with a new $10 category and cloud POS upgrades, aiming to boost traffic and loyalty amid inflation-driven competition.
Apr 21, 2026
Photo by Jason Leung on Unsplash
Darden completes an all-cash $605 million acquisition of Chuy's, signaling a strategic push into Tex-Mex within a growing multi-brand platform.
Apr 20, 2026
Photo by Patrick Perkins on Unsplash
Tacodeli revives its daily specials for a 25th anniversary, pairing five weekday tacos with weekend ceviche while expanding across Texas with Doña salsa retail.
Apr 20, 2026
Photo by Geoffrey Moffett on Unsplash
Callaway completes the majority sale of Topgolf to Leonard Green, rebrands as CALY, and tightens the balance sheet to focus on core golf gear.
Apr 20, 2026
Photo by Sergio Zhukov on Unsplash
A cascade of leadership moves across major restaurant brands signals strategic intent, capital discipline, and broader diversity in the industry.
Apr 20, 2026
Photo by Zoshua Colah on Unsplash
Yum Brands scales AI at drive-thru across Taco Bell and beyond, aiming for faster, more accurate orders, friendlier service, and better profitability.
Apr 20, 2026
Photo by Robert Bye on Unsplash
Exploring how the middle 50 chains in the 2023 Top 500 shaped growth, with 7 Brew and Just Salad driving momentum amid shifting market dynamics.
Apr 20, 2026
Photo by Marjan Blan on Unsplash
A cross-brand wave turns SpongeBob’s Krabby Patty into real-world menu items across 250+ restaurants, blending nostalgia with culinary experimentation.
Apr 20, 2026
Photo by PRATEEK JAISWAL on Unsplash
Darden acquires Chuy's for $605M, expanding Tex-Mex and off-premises strength, signaling a new growth path for the restaurant giant.
Apr 20, 2026
Callaway completes the majority sale of Topgolf to Leonard Green, rebrands as CALY, and tightens the balance sheet to focus on core golf gear.
Photo by Geoffrey Moffett on Unsplash
Callaway Golf has closed a consequential pivot that reshapes its business map. The company sold 60% of Topgolf and Toptracer to Leonard Green & Partners, with the deal effective January 1, 2026. Topgolf will run as an independent entity under new owners, while Callaway keeps a 40% stake and maintains a commercial partnership. In the same move, Callaway will rename the parent to Callaway Golf Company and pursue a new NYSE ticker CALY, around mid-January. The cash proceeds, nearing $800 million, will strengthen liquidity and enable debt reduction, setting the stage for a sharper focus on golf equipment and technology.
Two independent entities will emerge: Callaway, a leading golf equipment and technology platform, and Topgolf, a high-growth, venue-based entertainment brand. In the closing, Topgolf will operate under Leonard Green ownership, while Callaway retains a 40% stake and continues a commercial framework that aligns brand and technology through a shared history. The strategic separation is designed to unlock distinct investment theses and accelerate value creation for shareholders, avoiding a one-size-fits-all approach to capital, risk, and growth. This is a disciplined move, not a retreat.
Looking ahead, the real test is execution. Each unit will pursue its own capital plan under independent governance, delivering on its growth ambitions while safeguarding the brand relationships that powered Callaway’s broader push.
