Dave & Buster's

Leadership

Dave & Buster’s adds an activist to its board

John Hockin, the new board member, is managing director of KKR, which holds more than 10% of the struggling eatertainment chain’s stock.

Financing

Investors find opportunity in public casual-dining chains

First Cheesecake Factory, then BJ’s Restaurants, now Dave & Buster’s. RB’s The Bottom Line looks at the latest trend in investing amid the coronavirus.

The struggling eatertainment chain said it will use the money to “strengthen its balance sheet.”

The food and games chain has a deal with Jefferies to sell up to $75 million in stock to strengthen a balance sheet damaged by the coronavirus shutdown.

The eatertainment chain, which has shuttered all stores due to COVID-19, has about 15 weeks’ worth of cash available.

The food and games chain put a cap on the percentage of shares investors can own following a steep drop in its share price.

Chuck E. Cheese and Dave & Buster’s face weeks without game-playing customers, which could be devastating.

Coleman was previously president of Del Frisco’s Grille.

Private-equity firm KKR & Co. is discussing strategy with the eatertainment chain as it raises its stake to 10.7%.

The eatertainment chain reported a same-store sales drop of 4.1% for Q3.

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