Landry's

Financing

Landry’s purchase of Restaurants Unlimited gets court approval

A bankruptcy court approved the $37 million acquisition after no other bids were received.

Financing

Landry’s makes a $37M bid for Restaurants Unlimited

The restaurant operator, which has bought numerous chains out of bankruptcy, has a “stalking horse” bid on another one.

Landcadia Holdings, cofounded by the Landry’s owner, has completed its purchase of delivery company Waitr.

The regional concern, Waitr, will serve the 600 or so restaurants in Landry's fold.

When the happy talk is all about taxes, you know this was a good spell for restaurants. Also on the plus side: a cover-up for breastaurants, a lovefest for the big burger chains and bitcoins make an inroad.

More than half of the restaurant industry’s $491 billion in sales come from the Top 500 chains. And these giants grew at a modestly stronger rate, both in terms of sales and store counts, than the industry overall. Restaurant Business focused on the leading 250 performers to identify trends for our first-ever special report delivering lessons from Technomic’s annual Top 500 Chain Restaurant Report. This special package includes lessons for all operators from the largest chains by segment, menu category and more.

Good intentions don't always yield anything approximating good results. And reason doesn't stand a chance against a juicy though absolutely crazy rumor, as Starbucks can attest.

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