acquisitions

Ruby Tuesday declares bankruptcy

By Jonathan Maze on Oct. 07, 2020

The struggling casual dining chain has shed 185 locations during the pandemic and is down to 250 locations.

Former Jamba, Barteca executives form a SPAC

By Jonathan Maze on Oct. 02, 2020

Tastemaker Acquisition Corp. seeks to raise $200 million to make an acquisition, potentially of a restaurant chain, says RB's The Bottom Line.

Financing

Cracker Barrel defends its strategy, and pokes Sardar Biglari

By Jonathan Maze on Oct. 01, 2020

The company, in a proxy battle with its longtime activist, explains its decision to back away from Punch Bowl Social.

Financing

NPC International and Pizza Hut spar over the operator’s capabilities

By Jonathan Maze on Sep. 30, 2020

Pizza Hut has argued in bankruptcy court documents that the franchisee was substandard. The operator disputes that, says RB’s The Bottom Line.

Financing

Chuck E. Cheese creditors say the company is moving too quickly on a sale

By Jonathan Maze on Sep. 29, 2020

CEC Entertainment’s unsecured creditors say the company’s lenders are pushing a quick sale that would result in an artificially low price.

Financing

These restaurant companies filed for bankruptcy during the pandemic

By Jonathan Maze on Sep. 28, 2020

From small chains to big concepts, a number of restaurant chains have filed for Chapter 11, or Chapter 7, since the start of the pandemic. Here’s a list.

Financing

NPC International could sell Pizza Hut restaurants to other concepts

By Jonathan Maze on Sep. 24, 2020

The operator, battling with its franchisor in court over sale procedures, wants to open the process up to anyone, even other concepts, says RB’s The Bottom Line.

Financing