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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.
In a ho-hum quarter, some full-service chains stood out, says RB’s The Bottom Line.
The company says its same-store sales rose 9.4% in the second quarter, thanks in part to its focus on sports.
The company reported its second-straight profitable quarter.
One of the chain’s largest operators posted deeper losses and a 6.4% drop in comps.
Real Mex Restaurants files for debt protection and has a buyer willing to pay $47 million.
Differing approaches by BJ’s and Texas Roadhouse show there’s no single approach, says RB’s The Bottom Line.
A more local approach to marketing is taking hold at Bloomin’ Brands, while discounting takes a back seat.
These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years.
Food trends and recipes to keep menus fresh
New restaurants and soon-to-open concepts worth monitoring
RB’s exclusive ranking of the highest-grossing independent restaurants
Peter Romeo highlights the moments restaurateurs miss at their own peril
These 50 ideas go beyond what’s “cool” to deliver smart, trend-forward solutions that might just serve as an inspiration for others.