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casual dining

Financing

Kona Grill and its former CEO go to war

Lawsuits between the chain and former Chief Executive Jim Kuhn paint a picture of a company that grew too fast, then cut too many costs to survive, says RB’s The Bottom Line.

Financing

Kona Grill may have to declare bankruptcy

The struggling casual-dining chain appointed a restructuring specialist as CEO and said a bankruptcy filing is possible.

The board of directors said that the $11.75-per-share proposal “dramatically undervalues the company.”

Large shareholder Ancora Advisors proposed paying $11.75 per share, saying the company would be better off private.

The struggling chain has shuttered a quarter of its locations since 2017.

Overreactions to profit challenges can sometimes cause more problems than they're worth, says RB’s The Bottom Line.

Board Chair Pattye Moore will serve as the interim CEO as the company looks for a successor

Earl Enterprises says the data security breach lasted 10 months.

The upscale steak chain will waive the corkage fee for members who bring their Cooper’s Hawk wine with them, through the end of April.

The restaurateur, who founded Wingstop and Pizza Patrón, was his own general contractor for his newest restaurant, Porch Swing.