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Houston Farmers Market to introduce 2 restaurants from Underbelly Hospitality

When the Houston Farmers Market reopens next year, it will welcome two new Underbelly Hospitality restaurants and a Texas-based butcher's first storefront.  Details on the Underbelly concepts are scant, but they will consist of a fast-casual concept and a full-service restaurant, according to a press release. Underbelly Culinary Director Nick Fine will run the 5,000-square-foot full-service restaurant as chef and partner. Underbelly owner Chris Shepherd is overseeing the culinary build-out and…

Snap Kitchen closing 14 stores across Texas, keeping 1 in Houston

Snap Kitchen LLC, an Austin-based healthy prepared meals company, will close 14 locations across Texas. In Houston, seven stores will close, leaving Snap Kitchen with one local store at 3600 Kirby Drive. These Texas stores will close on Nov. 6: Avery Ranch (Austin area) Addison (Dallas-Fort Worth area) Fitzhugh (Dallas-Fort Worth area) Shops at Legacy (Dallas-Fort Worth area) Uptown (Dallas-Fort Worth area) Oak Lawn (Dallas-Fort Worth area) Southlake (Dallas-Fort Worth area) Memorial Park (Houston…

Arby's owner Inspire Brands buying Dunkin' for $11.3B

Canton, Massachusetts-based Dunkin' Brands Group is publicly traded on the Nasdaq index. Inspire Brands will take the company private.

CDC provides strict guidelines to allow cruise companies to resume sailings

Cruises have been suspended since mid-March due to the Covid-19 pandemic.

Summit Midstream Partners plans reverse stock split to boost price per share

The company was warned in April that its stock price had fallen to low to continue its listing on the New York Stock Exchange.

Waste Management closes $4.6B deal acquiring Advanced Disposal Services

Houston-based Waste Management Inc. (NYSE: WM) has completed its acquisition of Ponte Verda, Florida-based Advanced Disposal Services Inc., according to an Oct. 30 press release. The deal had a total enterprise value of $4.6 billion, with Waste Management paying $30.30 per share in cash and assuming Advanced Disposal Systems' $1.8 billion of net debt. When the deal was first announced in April 2019, Waste Management intended to pay Advanced Disposal $33.15 per share in cash and assume about $1.9…

Experts: Tesla to bring more jobs, companies to Austin than expected

Tesla has pledged to create at least 5,000 jobs at its $1.1 billion gigafactory. But that's a low estimate, panelists at ABJ's East Austin Growth Summit said. And dozens of companies are expected to set up shop near the plant. "I wouldn’t be shocked if we had 50-plus companies move here to support this facility," one panelist said.

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