Dave's Hot Chicken investors bet on birria with national franchise expansion plan

Dave’s Hot Chicken investors bet on birria with national franchise expansion plan

The restaurant investors behind the success of Dave’s Hot Chicken are making a new nationwide bet on the next-hottest restaurant trend: birria. Mike’s Red Tacos, a San Diego-based birria chain with just two locations, plans to announce on Tuesday a new franchising initiative that will build hundreds of restaurants across the U.S., with support from…

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Kraft Heinz pauses work to split the company as new CEO says 'challenges are fixable'

Kraft Heinz pauses work to split the company as new CEO says ‘challenges are fixable’

Kraft Heinz in September 2025 announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Kraft Heinz on Wednesday said it is pausing work on its previously announced plans to split the company. CEO Steve…

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Amazon threatens 'drastic' action after Saks bankruptcy, says $475M stake is now worthless

Amazon threatens ‘drastic’ action after Saks bankruptcy, says $475M stake is now worthless

Amazon package and Saks Fifth Avenue bag. Getty Images Amazon wants a federal judge to reject Saks Global’s bankruptcy financing plan, writing in court papers the beleaguered department store “burned through hundreds of millions of dollars in less than a year” and failed to hold up their agreement.  When Saks acquired Neiman Marcus for $2.7…

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