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acquisitions

Financing

Restaurants Unlimited declares bankruptcy

The casual-dining operator closed six locations and blamed rising minimum wages and shifting consumer tastes for the filing.

Financing

Kura Sushi files for an IPO

The fast-growing revolving sushi chain hopes to raise $58 million.

Financing

Perkins sues to remove a 26-unit operator

By Jonathan Maze on Jul. 02, 2019

The company terminated one of its largest franchisees over unpaid royalties following the closure of a location over health code violations.

Financing

Performance Food Group to buy Reinhart Foodservice

By Jonathan Maze on Jul. 01, 2019

The deal would make PFG one of the largest foodservice distributors in the U.S.

Financing

Are activist offers for Red Robin and J. Alexander’s fair?

By Jonathan Maze on Jun. 27, 2019

RB’s The Bottom Line compares proposals for the two casual-dining operators to previous restaurant chain transactions.

Financing

Red Robin rebuffs bidder’s call for a shareholder meeting

By Peter Romeo on Jun. 26, 2019

The casual chain said the demand from Vintage Capital didn’t include the necessary information, nor proof that Vintage actually owns 11.6% of outstanding shares.

Financing

A look behind Fat Brands’ purchase of Elevation Burger

By Jonathan Maze on Jun. 25, 2019

The purchase price was $10 million. The reality is far more complicated, says RB’s The Bottom Line.

Operations

Trends shaping the restaurant industry so far in 2019

By Peter Romeo on Jun. 25, 2019

At the six-month mark, critical forces have clearly emerged. Here’s a sampling.

Financing

Del Frisco’s Restaurant Group nearing a sale to L Catterton

By Jonathan Maze on Jun. 23, 2019

The private-equity firm is paying $8 per share in an all-cash deal valued at $650 million.

Financing

Activist wins the J. Alexander’s proxy vote

By Jonathan Maze on Jun. 21, 2019

Ancora Advisors said the company should immediately run a sale process after shareholders withheld votes from two directors.

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