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casual_dining

Financing

Dave & Buster's believes better food will yield better sales

 By Jonathan Maze on Apr. 03, 2024

The combination restaurant and arcade chain is working on upgrading its menu offerings to bolster food attachment. But it is also planning to raise gaming prices to improve profits.

Financing

Dave & Buster's eyes international expansion

 By Jonathan Maze on Apr. 01, 2024

The eatertainment concept signed another international development deal as it pushes to bring its restaurant and games venues to more global markets.

Financing

Bob Evans puts itself on the market

By Jonathan Maze on Mar. 28, 2024

The family dining restaurant chain has hired an investment bank to look for a buyer, after having considered a sale in 2022.

Leadership

BJ's agrees to listen to another activist investor

By Joe Guszkowski on Mar. 27, 2024

The casual-dining chain will take input from PW Partners on how to boost shareholder value. In exchange, PW will withdraw two board nominees.

Financing

Benihana deal makes The One Group one to watch in full-service dining

By Joe Guszkowski on Mar. 27, 2024

Acquiring the 86-unit teppanyaki chain will make the owner of STK and Kona Grill a $1 billion company. And it's just the beginning of an ambitious long-term growth plan.

Financing

STK parent One Group to acquire Benihana owner for $365M

By Joe Guszkowski on Mar. 26, 2024

The deal for Safflower Holdings, which also includes the RA Sushi brand, will nearly triple One’s footprint to 168 locations worldwide.

Emerging Brands

3 concepts from Asia are making their U.S. debut

By Lisa Jennings on Mar. 25, 2024

These three chains are big in Asia and elsewhere, but they opened units in the U.S. for the first time last week. Two are full-service concepts, from China and Mongolia, and a third is an innovative pastry shop from Taiwan.

Leadership

Red Lobster names restructuring expert as new CEO

By Joe Guszkowski on Mar. 22, 2024

Industry veteran Jonathan Tibus will take the reins as owner Thai Union Group prepares to sell the seafood chain. He replaces Horace Dawson, who is retiring.

Financing

Restaurants lost customers and sales at the end of last year

By Jonathan Maze on Mar. 22, 2024

Same-store sales at restaurants slowed markedly in the second half of 2023. But for all the concern about fast-food brands like McDonald's, it was casual-dining restaurants that had the biggest problem.

Financing

Lower-income consumers pull back at Olive Garden

By Joe Guszkowski on Mar. 21, 2024

Guests earning less than $75,000 are visiting the casual-dining chain much less than last year, parent Darden Restaurants said Thursday.

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