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Did BBQ Holdings get sold to MTY Food Group?

BBQ Holdings, the Minnesota-based parent of Famous Dave's, Village Inn, Barrio Queen and seven more brands, was sold to MTY Food Group for $192.46 million or $17.25 per share on September 27. The sale is now complete, and the company is now known as Famous Hospitality.

What are BBQ Holdings' plans under MTY Food Group?

Under MTY Food Group, BBQ Holdings plans to continue executing on its three pillars of growth. These strategies include building a diverse portfolio through mergers and acquisitions, driving organic growth, and adding brands to other restaurants through ghost kitchen-type formats.

What's happening with BBQ Holdings?

BBQ Holdings' three pillars of growth remain intact under MTY ownership: Organic growth, dual concepts, and more M&A. According to its website, MTY, helmed by CEO Eric Lefebvre, has more than 6,900 restaurant locations among over 70 brands.

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