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The casual-dining operator closed six locations and blamed rising minimum wages and shifting consumer tastes for the filing.
The fast-growing revolving sushi chain hopes to raise $58 million.
The company terminated one of its largest franchisees over unpaid royalties following the closure of a location over health code violations.
The deal would make PFG one of the largest foodservice distributors in the U.S.
RB’s The Bottom Line compares proposals for the two casual-dining operators to previous restaurant chain transactions.
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.
The purchase price was $10 million. The reality is far more complicated, says RB’s The Bottom Line.
At the six-month mark, critical forces have clearly emerged. Here’s a sampling.
The private-equity firm is paying $8 per share in an all-cash deal valued at $650 million.
Ancora Advisors said the company should immediately run a sale process after shareholders withheld votes from two directors.
These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years.
Food trends and recipes to keep menus fresh
New restaurants and soon-to-open concepts worth monitoring
RB’s exclusive ranking of the highest-grossing independent restaurants
Peter Romeo highlights the moments restaurateurs miss at their own peril
These 50 ideas go beyond what’s “cool” to deliver smart, trend-forward solutions that might just serve as an inspiration for others.