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Mergers & Acquisitions
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Roark Capital acquires Dave’s Hot Chicken for US$1B, fueling global expansion
Despite the change in ownership, Dave’s Hot Chicken’s leadership team, including CEO Bill Phelps and the original founders, will remain in place to drive menu innovation, oversee operations, and manage marketing efforts.
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DoorDash makes US$3.6B bid to acquire Deliveroo, expanding its global reach
Deliveroo’s board has expressed its intention to recommend the offer to shareholders, contingent upon agreeing on final terms. DoorDash has until May 23 to submit a formal bid.
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Corinthia Group, Kuwait’s Action Real Estate acquire two boutique hotels in Beverly Hills
This strategic move strengthens Corinthia’s presence in one of the world’s most prestigious hospitality markets, reinforcing its commitment to high-end developments.
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Ethiopian Airlines, Etihad forge joint venture, introduce new Addis Ababa–Abu Dhabi flights
Subject to regulatory approval, the joint venture aims to develop and expand routes between the UAE and Ethiopia while enhancing connectivity across both networks.
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