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casual dining

Financing

Ruby Tuesday has closed 51 locations this year

The casual-dining chain has said little about its next CEO following the departure of Ray Blanchette.

Leadership

Ray Blanchette has another new job—this time as TGI Fridays CEO

His move from Ruby Tuesday to its archrival marks the casual-dining veteran’s third CEO post in three years.

Ned Algeo was also named CFO of FM Restaurants, which acquired the owner of El Torito and Chevy’s Fresh Mex for $47 million out of bankruptcy.

Scott Smith was named president of Del Frisco’s Double Eagle Steakhouse.

The new customer lures range from free delivery to guaranteed group reservations.

The company’s president is replacing John Maguire, who is leaving.

The bookstore chain’s challenges operating full-service locations prove not everybody can do it, says RB’s The Bottom Line.

The former Potbelly CFO had spent a time as that chain’s interim CEO.

ExWorks, one of the brand’s lenders, has taken over ownership and named Philip Kaplan CEO.

Arc Group bought the four-unit chain for $12.3 million, marking its second acquisition.