Blackstone Invests in 7 Brew Coffee, Driving Rapid Expansion

Estimated read time: 4 minutes and 12 seconds

BLACK COFFEE

Blackstone Invests in 7 Brew Coffee, Driving Rapid Expansion (Read More)

Blackstone Growth and affiliated funds have made a growth equity investment in 7 Brew Coffee, aiming to accelerate its expansion across the US.

All About 7 Brew Coffee:

• The Brew Crew: 7 Brew Coffee is a leading franchisor focused on drive-thru coffee service, known for its custom drinks and commitment to kindness.

• Growth and Recognition: 7 Brew has rapidly grown, recognized as QSR Magazine's "Breakout Brand of 2023."

• Global Reach: Blackstone's investment brings resources, industry knowledge, and franchisee relationships to support 7 Brew's next stage of growth.

Blackstone's Perspective:

• Redefining the Coffee Experience: The investment reflects Blackstone's focus on investing in strong franchise businesses with exceptional customer service and premium products.

• Strong Partnership: Blackstone is excited to partner with 7 Brew, leveraging its team and franchisee partnerships to drive further growth.

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• Boston Market Owner Faces Second Personal Bankruptcy Filing Jay Pandya, owner of Boston Market, has filed for personal bankruptcy again just 63 days after his initial filing. This comes after a judge dismissed his first bankruptcy case due to his failure to respond to court orders. The second filing follows a court order for Boston Market to pay $11.9 million to US Foods. Pandya's bankruptcy filings list $10-$50 million in liabilities and assets, with under 50 creditors. Despite typically having a 180-day wait period, dismissed cases can be filed again immediately. (Read More)

• Firehouse Subs aims to become 100% digital by 2025. The sandwich chain is planning to replace front counter order points with self-serve kiosks, as the majority of its sales are already coming from online ordering and other digital channels. Firehouse Subs has been investing in streamlining its digital ordering systems and enhancing the user experience through its mobile app. The company believes that transitioning to a fully digital model will help improve service times and drive more sales through digital channels. (Read More)

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