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casual dining

Financing

Advisory firm hands J. Alexander’s activist a big win

Institutional Shareholder Services told the company’s investors to withhold votes from two directors.

Financing

Struggling Red Robin swallows a poison pill

The casual-dining chain is girding itself for a battle with activist investor Vintage Capital, says RB’s The Bottom Line.

The casual-dining company “doubts” that the acquisition proposal was “bona fide.”

He will take over for Darren Rebelez, who is leaving “to pursue another opportunity.”

Greg Flynn says he’s received almost no pushback in a three-market no-delivery test, says RB’s The Bottom Line, arguing that the service should be margin-neutral.

A company operated by Marcus Jundt has a $27 million stalking horse bid to buy the struggling casual-dining chain.

The chain's to-go and catering business has surged, while dine-in business has fallen.

Restaurant operators can learn a lot from the decisions that led the chain to file for bankruptcy, says RB’s The Bottom Line.

The high-volume operation is trying a smaller version of its namesake brand while preparing its new fast-casual concept for growth.

The company closed an additional 15 locations and is up for sale, blaming overly aggressive growth, cost cuts and a stock buyback for its poor finances.