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casual dining

Financing

One year in, El Torito’s owner finds surprising results

Xperience Restaurant Group, which bought Real Mex out of bankruptcy last year, is generating quicker-than-expected sales growth and is looking for more, says RB’s The Bottom Line.

Financing

Darden tries a new remedy for Cheddar’s

After data revealed an unexpected marketing issue for the chain, management pulled back on advertising and started working on an adjusted plan.

Diversification into new concepts is sweeping through casual dining in particular. Here’s a rundown of who’s trying what.

The polished-casual operator intends to stay in the high end of the casual market with a new steak and seafood venture.

The closings are necessary to deliver on the casual brand’s long-term turnaround plan, management says.

The company said it plans to invest in the stores at an accelerated rate.

Jana Partners is resuming its call for a strategic redirection two years after a truce was struck.

One Group intends to use the concept as a growth vehicle. The deal has yet to be approved by the bankruptcy court overseeing Kona’s operation.

The restaurant operator, which has bought numerous chains out of bankruptcy, has a “stalking horse” bid on another one.

Management is focusing on higher-priced menu options to help margins while aiming to please value-hunters with improved operations.

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