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Sources have confirmed a Mergermarket report of the deal to the private equity firm.
On this week’s episode of "A Deeper Dive," Technomic’s David Henkes talks about the business of alcohol in restaurants.
The casual-dining operator closed six locations and blamed rising minimum wages and shifting consumer tastes for the filing.
Both CEO David Burke and CFO Phyllis Knight resigned from Diversified Restaurant Holdings as founder Michael Ansley returns as interim chief executive.
But the company recorded its fifth straight quarterly increase as it nears a reverse merger that will take it public.
The casual-dining veteran's new employer, CraftWorks Holdings, operates nearly 400 full-service restaurants in total, including Logan’s Roadhouse.
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.
Robert Thompson, founder of the eatertainment destination, joins the RB podcast "A Deeper Dive" to talk about his company overcomes growth challenges.
Vintage Capital said it will call a special meeting of shareholders unless the board acts within 10 days.
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.