A Ritual Expansion and Seamless at 20

19 Min Read By MRM Staff

This edition of MRM’s News Bites features  Papa John's, The James Beard Foundation,  US Foods,  Ritual, The Oneida Group and Crown Brands, Seamless, NRA and NRAEF,  Innovative Foodservice Group and JES Restaurant Equipment, Inc., Hostme, Performance Food Group, Magnolia and TroyGould.

Send news items to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com.

Starboard Buys Into Papa John's Papa John’s International, Inc. entered into a securities purchase agreement with Starboard Value LP  where Starboard is making a $200 million strategic investment with the option to make an additional $50 million investment through March 29. The company plans to use approximately half of the proceeds  to repay debt, with the remaining proceeds providing financial flexibility that enables Papa John’s to invest capital to further advance its five strategic priorities of People, Brand, Value/Product, Technology and Unit Economics. 

In connection with the…