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casual dining

Operations

Shakeout and takeout usher in new realities for full-service chains

The crisis has been a catalyst for righting supply and demand while also proving QSRs don’t have a hammerlock on off-premise.

Operations

Hundreds of IHOP, Applebee’s units have closed, parent Dine Brands Global indicates

The company said it is furloughing corporate employees but did not reveal how many.

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.

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

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.

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