Hedge funds bet on Noble Roman’s
Two hedge funds have been beefing up stakes in Indianapolis-based Noble Roman’s, a 43-year-old pizza chain with a depressed stock price and an evolving business model.
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Yats opening outposts as far away as Ohio, Tennessee
Patrons of the original Yats at East 54th Street and College Avenue probably don’t realize they’re experiencing one of the hottest concepts in restaurant franchising.
Fast-fire pizza chains preparing to blitz Indy area
A pizza war is heating up in Indianapolis. Additional players in the new and trendy fast-fire sector are charging into the area.
Shareholder coup of Steak n Shake parent firm fails
A Minnesota-based investment group that for months has been waging a campaign to oust Sardar Biglari from atop Steak n Shake’s parent company weathered a resounding defeat Thursday afternoon.
Downtown’s Punch Burger expanding to Carmel
The first franchise location for Punch Burger will be at 12525 Old Meridian St. in space that formerly housed When Eddie Met Salad. It’s expected to open in July.
Advisory firm: Current Biglari board must go
Groveland Capital's push to oust Sardar Biglari from Steak n Shake's parent will come to a head Thursday. A prominent billionaire investor is poised to back the effort.
Largest Domino’s franchisee buying nearly 40 area stores
A franchisee that started with three Domino's stores in South Mississippi 34 years ago is buying 45 stores in Indiana from Bob Taylor, who owns more than 70 stores in the Hoosier state.
McDonald’s CEO, an Indy native, steps down as sales decline
McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image.
In Biglari’s latest showdown, he’s not the rabble-rouser
Minneapolis-based Groveland Capital LLC has filed notice that it will seek to replace Sardar Biglari and Biglari Holdings Inc.’s other five directors with its own nominees at the company’s annual meeting.
Three Indy-area Wet Seal stores part of mass closings
The Circle Centre and Hamilton Town Center locations of struggling teen clothing retailer Wet Seal are among 338 stores that closed as of Wednesday.
Gary Brackett, a popular Colt, tackles second act as restaurateur
Gary Brackett’s personal credo—be humble, be hungry and work harder than everybody else—has served him well. Now he hopes to parlay his success on the gridiron into his restaurant operations.
Startup car wash chain aims for high-end splash
There’s no shortage of car washes around Indianapolis. But the owners of Prime Car Wash think the competition has missed a spot—both here and around the country.
Steak n Shake profit falls as franchised restaurants grow
The Indianapolis-based burger chain’s smaller annual profit resulted from an ongoing effort to increase the company’s number of franchised restaurants, with plans to open units as far away as the Middle East.
Settlement reached in Steak n Shake franchisee suit
It's not clear whether the settlement Steak n Shake has reached with St. Louis-based Druco Restaurants will give the franchisee more leeway on pricing.
Orange Leaf franchisee seeks $33M in suit
A dispute between one of the nation’s largest frozen yogurt chains and a local franchisee has sparked dueling lawsuits, in one of which the franchisee is seeking $33 million in damages.
Meijer drops rezoning request for proposed Glendale store
The retailer had filed plans to rezone nearly an acre along East 56th Street and Keystone Avenue for a 200,000-square-foot store, which neighbors argued would bring too much traffic to the area.
Running guru Kennedy joins Athletic Annex ownership
Bob Kennedy has become a partner of the longtime northwest-side specialty running and walking retailer, while maintaining his ownership of a three-store chain in San Diego.
Jimmy John’s says hacker stole credit-card data at 216 stores
The data breach affected a dozen stores in Indiana, including four in Indianapolis and one in Carmel.
Noble Roman’s dough rises with higher profit, revenue
The Indianapolis-based franchisor continues to focus on offering take-and-bake pizzas in grocery stores and stand-alone locations to grow revenue.
HHGregg ditches ad campaign, returns to former agency
The Indianapolis-based retailer is going back to Zimmerman Advertising a year after parting ways with the firm and just two months after unveiling a “brand transformation.”