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casual dining

Financing

5 big lessons from the Kona Grill downfall

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

Financing

Cheesecake Factory explores new expansion options

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.

These chains grew sales enough to make it onto this year’s ranking.

This upscale full-service segment is thriving while some in casual-dining sputter.

Lawsuits between the chain and former Chief Executive Jim Kuhn paint a picture of a company that grew too fast, then cut too many costs to survive, says RB’s The Bottom Line.

The struggling casual-dining chain appointed a restructuring specialist as CEO and said a bankruptcy filing is possible.

The board of directors said that the $11.75-per-share proposal “dramatically undervalues the company.”

Large shareholder Ancora Advisors proposed paying $11.75 per share, saying the company would be better off private.

The struggling chain has shuttered a quarter of its locations since 2017.

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