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Overly aggressive unit growth proved to be the company's undoing, says RB's The Bottom Line.
TriArtisan Capital Partners and Paulson & Co. will buy the Asian casual-dining chain from Centerbridge, according to Bloomberg.
Steve Schussler, who had been co-CEO, resigned to focus on his existing restaurants.
Richard Akam will remain as COO of the owner of Dick’s Wings and Tilted Kilt.
The 48-unit polished-casual chain has been on a steady growth path.
Kern will focus on efforts to improve customer service and marketing for the owner of Logan's Roadhouse.
The company plans to close four underperforming locations.
In this week’s episode of RB's podcast, "A Deeper Dive," the prominent franchisee also discusses his recent purchase of 368 Arby’s restaurants.
The sale is the Steak ‘n Shake owner is quietly reducing his holdings, which is big for both him and Cracker Barrell, says RB’s The Bottom Line.
Despite improvement at Applebee’s and BJ’s, demand at varied menu chains remains weak, says RB’s The Bottom Line.
Up-and-coming restaurant chains and what’s propelling their growth
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.