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casual dining

Operations

Red Robin closes stores, cuts staff

The 35 shuttered units were mostly mall locations, the company said.

Financing

Needing cash, Dave & Buster’s plans to sell shares

The food and games chain has a deal with Jefferies to sell up to $75 million in stock to strengthen a balance sheet damaged by the coronavirus shutdown.

CraftWorks says it intends to re-open the restaurants, but acknowledges that may not happen.

The food and games chain put a cap on the percentage of shares investors can own following a steep drop in its share price.

Denny’s was the first U.S. chain to acknowledge that the coronavirus would impact its quarterly results.

The plan was revealed after BBQ Holdings, also the parent of Famous Dave’s, completed its $7.5 million acquisition of the brand.

Vintage Capital is commencing a proxy fight to land four seats on the restaurant company’s board. It alleges that current directors haven’t been forthcoming about acquisition offers.

The offer marks the billionaire’s second bid for a restaurant brand in roughly a week.

With same-store sales nearly double those of its big sister in Q4, Bubba’s intends to expand by 25% in 2020.

Customers who spend a certain amount in-restaurant can pick off a special $6 menu of heat-and-eat take-home dishes.

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