Why Nothing Bundt Cakes is worth $2B

How is Nothing Bundt Cakes worth $2 billion?This week’s episode of the Restaurant Business podcast The Week in Restaurants looks at the sale of Nothing Bundt Cakes to the private-equity firm KKR. We talk about what that deal means and why the chain was worth so much.Noodles & Company had a big quarter. Did closures have anything to do with it?Christine Barone, CEO of Dutch Bros, is the Restaurant Leader of the Year. We talk about why she won the award.And in some bonus content, a big Applebee’s franchisee has filed for bankruptcy. We talk about why it’s a good thing that the company is acquiring the restaurants.And on Tech Check, Joe Guszkowski talks OpenTable.