GFM Network News


The Keg to merge into Swiss Chalet, Harvey’s parent

Major Canadian steakhouse chain The Keg is set to merge into Cara Operations, the parent for dining chains such as Swiss Chalet, Harvey’s, St-Hubert and Milestones, in a $200 million cash-and-stock deal. The two companies said Tuesday a merger will afford them “synergistic opportunities in marketing, real estate and overall costs that will help further […] Read more

A+W books sales growth despite Prairie ‘challenges’

Canadian burger and root beer chain A+W has chalked up another year of same-store sales growth despite “economic challenges” in the Alberta and Saskatchewan markets. Posting its year-end results on Tuesday, A+W’s Vancouver-based income fund reported same-store sales growth of 3.4 per cent in 2016 over 2015, down from a 7.6 per cent sales growth […] Read more