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The casual chain has yet to announce his replacement.
While the market for restaurants has been bifurcated so far, that could end as some foresee a return to in-restaurant dining.
The venerable casual-dining chain is less than half the size it was two years ago and is putting its hopes behind delivery-only brands.
Recent events have shown articles of faith on the minimum wage, catering, virtual brands and casual dining are nothing more than fake news.
The lender, which has controlled the eatertainment chain since last year, was named the stalking horse bidder for the chain, but other potential buyers are lurking.
Bloomin’ Brands is taking its chicken-focused virtual brand national and hopes the concept can help it keep newfound takeout sales.
The company and its lender have made peace and the company is attracting interest from potential buyers.
Single-meal and big-group orders lost share of spend to tabs in the $20-$80 range.
The owner of Landry’s and Golden Nugget, which built a $6.7 billion business through a series of acquisitions, now hopes a public offering will yield even more growth.
Eyeing a multichannel future, Outback’s parent is expanding a virtual chicken brand and taking Aussie Grill virtual as well.
These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years.
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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
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