Today, Buffalo Wild Wings®, Inc. (NASDAQ: BWLD) announced it has made a majority investment in Rusty Taco, Inc., which owns and operates Rusty Taco restaurants and is headquartered in Dallas, Texas. Rusty Taco features a simple menu of tasty tacos prepared fresh in a fun and lively atmosphere. Terms of the deal were not disclosed.
Rusty Tacos fresh approach to tacos truly sets this concept apart, stated Kathy Benning, Buffalo Wild Wings executive vice president, chief strategy officer and new business development. Buffalo Wild Wings investment is part of our strategy to partner with emerging restaurant concepts that have the potential for significant growth, can work throughout the country and have a highly engaged management team with a passion to grow the business.
Rusty Taco boasts fast, affordable food served in a friendly and fun atmosphere. As a fast-casual restaurant, Rusty Taco specializes in street-style tacos made fresh and from scratch. In 2010, the first restaurant opened its doors in Dallas, Texas. Since then, Rusty Taco has grown to include nine locations: two company-owned restaurants and seven franchised locations in three markets Dallas, Denver and Minneapolis/St. Paul.
We are delighted to be partnering with Buffalo Wild Wings (BWLD) and believe it can have an immediate impact in helping accelerate our growth, said Steve Dunn, chief executive officer of Rusty Taco. Our co-founder, Rusty Fenton, always said, Tacos are the most important meal of the day" and we truly live that every day by providing our guests with the freshest ingredients and authentic tasting tacos at an affordable price.
In addition to Rusty Taco, Buffalo Wild Wings also has a minority investment in Los Angeles-based PizzaRev, a growing artisanal pizza concept. As part of our long-term growth strategy, we are actively looking for additional concepts to invest in to build a portfolio of emerging brands, and continue to build a dynamic restaurant company, said Benning. PizzaRev is a fast-casual pizza chain delivering an interactive dining experience where Guests craft their own pizzas, choosing from a wide variety of premium-quality ingredients, in any amount, for one price.
This blog provides analysis, advice, trade ideas and other happenings. I frequently publish research at major investing websites. The most featured sectors on this website will depend on what is currently trending and hot in the market.
Custom Investing Search Tool
Monday, August 25, 2014
Subscribe to:
Post Comments (Atom)
Popular Posts
-
It wasn't the best and it wasn't the worst. InvenSense, Inc. (NYSE: INVN) the leading provider of intelligent sensor system on chip...
-
As many of my followers know I have been covering AT&T (NYSE:T) heavily of late because I continue to establish the thesis that the co...
-
This article will be the first time I have opined on Prospect Capital Corporation (NASDAQ:PSEC) a beaten down stock with a great yield. Whil...
-
Netflix (NASDAQ:NFLX) is pressing the FCC to reject the $48B merger of AT&T (NYSE:T) and DirecTV (NASDAQ:DTV), according to regulatory f...
-
Fifth Street Finance Corp. (NASDAQ:FSC) announced its financial results for the first fiscal quarter ended December 31, 2014. First Fiscal...
No comments:
Post a Comment