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casual_dining

Financing

It looks like Bagger Dave's run is about to come to an end

 By Jonathan Maze on Jan. 26, 2024

The burger chain, founded in 2008, is “exploring strategic alternatives” and expects its remaining locations will be converted into another brand this year.

Operations

Puttshack positions as mini-golf's 'scratch player'

By Lisa Jennings on Jan. 21, 2024

This tech-enhanced concept brings the decades-old game to digital natives who expect more in the way of food and drink. But will mini golf stand out with so many eatertainment options coming?

Financing

Doherty Enterprises buys 21 Applebee's restaurants in NYC

By Jonathan Maze on Jan. 18, 2024

The franchisee now operates more than 100 locations of the casual dining restaurant chain in New York, New Jersey, Florida and Georgia.

Financing

Red Lobster's owner wants out of the business

By Jonathan Maze on Jan. 16, 2024

Thai Union, which led an investment group that acquired the casual dining seafood chain in 2020, said that it plans to exit the business.

Financing

Why population trends may help, and hurt, restaurants

By Jonathan Maze on Jan. 09, 2024

The Bottom Line: Darden CEO Rick Cardenas told investors this week that demographic trends are shifting in restaurants’ favor. But some demographic trends will be a headwind.

Financing

TGI Friday's closures continue the bar & grill sector's long decline

By Jonathan Maze on Jan. 08, 2024

The Bottom Line: The chain has been struggling in the U.S. for years as domestic consumers shift spending away from traditional bar & grill chains.

Operations

Dave George is tapped for another operations-led revival, this time of Outback's parent

By Peter Romeo on Jan. 03, 2024

The former Darden Restaurants operations specialist will serve on Bloomin' Brands board and lead an "Operating Committee" to revive the casual-dining giant.

Financing

TGI Friday's closes 36 stores, sells more to Ray Blanchette

By Peter Romeo on Jan. 03, 2024

Blanchette, a former CEO of the chain, will operate the stores as a franchisee. The price he paid was not disclosed.

Financing

Darden Restaurants sees little customer belt-tightening, but less celebratory drinking, too

By Peter Romeo on Dec. 15, 2023

The parent of Olive Garden and LongHorn said patrons of its hghest-ticket concepts did not indulge in alcohol during Q2 the way they did a year earlier.

Operations

Restaurants will need to tamp down menu price hikes over the next couple years, says BJ's Restaurant CEO

By Lisa Jennings on Nov. 30, 2023

At the Barclays Eat Sleep Play conference, Greg Levin said consumers remember prices from four years ago and have yet to adjust to the higher cost of dining out.

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