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Casual Dining

Leadership

TGI Fridays promotes Brandon Coleman to CEO

 By Joe Guszkowski on Aug. 28, 2023

The recently hired president and CMO will lead a new chapter at the chain after Ray Blanchette stepped down in May.

Leadership

Bloomin' Brands reshuffles board after Starboard takes big stake

 By Joe Guszkowski on Aug. 28, 2023

Chairman Jim Craigie will be replaced by fellow member R. Michael Mohan, and Rohit Lal, CIO of trucking company Saia, is joining the board.

Financing

Southern chain Fatz Cafe closes all 18 locations

By Joe Guszkowski on Aug. 24, 2023

The brand had been in decline for years after peaking at nearly 50 units in 2011. It’s part of a rash of restaurant closures recently.

Food

Walk-On's adds bone-in wings to menu for first time

By Joe Guszkowski on Aug. 24, 2023

The sports-bar staple will come in three flavors and servings of eight or twelve, just in time for football season.

Financing

O'Charley's closes 18 restaurants in one day as sales struggle

By Joe Guszkowski on Aug. 23, 2023

The chain has been hit hard by changing trade areas and, more recently, soaring inflation. It believes the "pruning" will help its 91 remaining stores.

Financing

Starboard Value takes a stake in Bloomin' Brands

By Joe Guszkowski on Aug. 18, 2023

The activist investor, which once won every seat on the Darden Restaurants' board, now owns nearly 10% of the Outback Steakhouse parent.

Financing

At Red Robin, dine-in thrives while delivery dives

By Joe Guszkowski on Aug. 17, 2023

Price-conscious guests and the loss of MrBeast Burger took a bite out of delivery sales. But the chain is more focused on the dining room, anyway.

Operations

Chili's to put It's Just Wings on in-restaurant menus

By Joe Guszkowski on Aug. 16, 2023

The virtual wing brand will get a physical presence at the bar and in the dining room as the chain looks to boost traffic.

Marketing

Chili's bets more TV ads will help traffic

By Joe Guszkowski on Aug. 16, 2023

After a successful return to the airwaves earlier this year, the chain plans to invest up to $60 million in more commercials.

Financing

Fogo de Chao to be acquired by Bain Capital

By Joe Guszkowski on Aug. 15, 2023

The deal is a change of course for the 76-unit steakhouse brand, which had been preparing for an IPO.

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