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Casual Dining

Financing

Greg Flynn expands his Applebee’s empire

 By Heather Lalley on Apr. 22, 2024

Flynn, already the world’s largest franchisee of the casual-dining chain, is acquiring 26 restaurants from an existing franchisee and is making plans to open 25 new locations by 2031.

Financing

Proposed TGI Fridays sale is no home run, but has promise for both sides

 By Joe Guszkowski on Apr. 19, 2024

The $220 million all-stock deal would get Fridays’ owner TriArtisan out of its decade-long investment and give the struggling chain a like-minded partner in franchisee Hostmore, experts say.

Financing

Red Lobster is struggling to pay its bills, vendors say

By Joe Guszkowski on Apr. 18, 2024

Credit data confirms the seafood chain has a large number of overdue balances as it reportedly considers a bankruptcy filing.

Operations

These are the rising stars of the eatertainment space

By Lisa Jennings on Apr. 16, 2024

At the Restaurant Leadership Conference in Scottsdale, Arizona, leaders of Puttshack, Pinstripes, Alamo Drafthouse and the new Joy Trade platform shared their plans for growth.

Financing

TGI Fridays to be acquired by U.K. franchisee Hostmore for $220M

By Joe Guszkowski on Apr. 16, 2024

The merger will create a 600-unit global company and take Fridays public on the London Stock Exchange.

Financing

Report: Red Lobster is preparing for bankruptcy filing

By Heather Lalley on Apr. 16, 2024

The struggling seafood chain is hoping Chapter 11 protection will help it restructure its debt while keeping its restaurants operating, according to Bloomberg.

Operations

Casual-dining restaurants have a value problem

By Joe Guszkowski on Apr. 15, 2024

Consumers say they’re getting less bang for their buck at sit-down places. Operators are working to change that while still protecting their margins.

Emerging Brands

Buffalo Wild Wings has big plans for small-scale spinoff BWW Go

By Joe Guszkowski on Apr. 11, 2024

The full-service chicken wing chain this week opened its 100th Go location and has franchisee commitments to open nearly 600 more of the takeout-focused restaurants.

Food

Matchbox lowers menu prices to get back to the concept's roots

By Patricia Cobe on Apr. 08, 2024

A value proposition is core to this metro Washington, D.C.-based casual-dining concept, and the new menu builds guest volume with affordable, chef-inspired food.

Leadership

Outback Steakhouse parent Bloomin' Brands promotes Michael Healy to CFO

By Joe Guszkowski on Apr. 04, 2024

The longtime Bloomin’ official was most recently the company’s head of global business development. He replaces Chris Meyer, who is retiring.

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