Cracker Barrel Acquires Punch Bowl Social from L Catterton
July 23, 2019
Cracker Barrel Old Country Store has acquired Punch Bowl Social, an experiential "eatertainment" restaurant chain, after purchasing L Catterton's stake; terms were not disclosed. L Catterton supported Punch Bowl Social's expansion—more than doubling units to 17—and Cracker Barrel will integrate the concept as part of its portfolio to extend its reach into younger, experience-focused dining customers.
- Buyers
- Cracker Barrel Old Country Store
- Targets
- Punch Bowl Social
- Sellers
- L Catterton
- Industry
- Restaurants & Hospitality
- Location
- Colorado, United States
- Transaction Type
- Buyout
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