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For Arc Group, which is on a buying spree, the deal was too good to pass up.
But comps rebounded into positive territory last month, the operator says.
This week’s episode of RB's podcast, "A Deeper Dive," explores whether chains such as Applebee’s and BJ’s can sustain their momentum.
Traffic and check averages also declined.
Dave Pickens, a former president of Olive Garden, will also serve as COO.
Arc Group, owner of Dick’s Wings, has been working to buy the chain for months.
The merger will create the latest multibrand restaurant company.
The 6.9% jump for Q3 was driven by higher checks and a 2.6% rise in traffic.
Z Capital completes the purchase of what was called Real Mex Restaurants out of bankruptcy court.
The casual-dining operator has hired a new CMO, CFO and ops specialist.
Up-and-coming restaurant chains and what’s propelling their growth
Food trends and recipes to keep menus fresh
New restaurants and soon-to-open concepts worth monitoring
RB’s exclusive ranking of the highest-grossing independent restaurants
Peter Romeo highlights the moments restaurateurs miss at their own peril
These 50 ideas go beyond what’s “cool” to deliver smart, trend-forward solutions that might just serve as an inspiration for others.