Franchisees say McDonald's expansive menu—it offers everything from high-priced salads and
cheap snack wraps to cappuccinos
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and smoothies—appeals to a broader swath of consumers. In its latest quarter, McDonald's
revenue rose 5% and its net income was up 12%, while Burger King's latest quarterly revenue
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Several restaurant chains have gone private this year, perhaps due to relatively low
valuations that have attracted buyers.
Rubio's Restaurants was recently taken private by Mill Road Capital; CKE Restaurants, owner
of Hardee's and Carl's Jr., was
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sold to Columbia Lake Acquisition Holdings, an affiliate of Apollo Management VII LP; and
earlier this week, Logan's Roadhouse, a casual-dining chain, announced it would be sold to
Kelso & Co.
