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With sales improving a year after bankruptcy, the company is looking to add another concept.
An analyst suggests the company could buy upscale chain North Italia from Fox Restaurant Group, says RB’s The Bottom Line.
Arc Group will acquire the struggling breastaurant chain in a complex deal.
Longtime CEO Ken Pendery will become executive chairman of the fast-growing breakfast chain.
The 58-unit casual Italian chain becomes a sister concept of Planet Hollywood, Buca di Beppo and Earl of Sandwich.
The problem isn't oversupply. It's under-demand.
Continued traffic challenges and industry changes suggest a need to keep reducing supply, says RB’s The Bottom Line.
The two casual Italian brands will be the nucleus for a new company run by the former Olive Garden chief, with financial backing from Brazil-based GP Investments.
The barbecue chain is looking to evolve, both as a casual dining chain and a takeout concept.
The push to lower prices, and rely heavily on franchisees, could hurt more operators, says RB’s The Bottom Line.
See the full ranking of the Top 100 concepts, which account for more than $1.8 billion in annual revenue, and learn how they are putting hospitality first.
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