casual_dining

Financing

10-unit Sicilian Oven lands a private-equity investment

Goode Partners made a strategic investment in the Florida-based wood-fired pizza brand with plans to help it grow within and outside of its home state.

Operations

P.F. Chang's new CEO wants to make the chain an everyday option

Jim Mazany is leading a turnaround effort at the Asian casual-dining chain focused on making the brand more approachable. But he also wants to enhance the experience. "I’m really looking to move the needle."

Lehigh Valley Restaurant Brands recently acquired four locations in Texas, its first outside of Pennsylvania. It’s encouraged by a new turnaround plan at the casual-dining chain.

A group led by Consortium Brand Partners is set to acquire the casual-dining pizza chain for less than $300 million, Reuters reported.

Jeff Crivello will take over 12 of the shuttered brewpubs in a $12 million credit bid. He plans to reopen 10 of them, some under different names, reports said.

The restaurants owned by DMD Ventures include some of the best-performing of the breastaurant chain’s 114 stores.

A drumbeat of new menu items has helped the casual-dining chain return to sales and traffic growth. See how it comes up with new dishes.

The casual-dining chain’s $9.99 Big Yummm meal continues to draw in price-conscious customers, though sales and traffic were still lower than last year.

Restaurant veteran Jim Mazany will step into the top role at the Asian casual-dining chain, replacing Brad Hill, who was promoted in April.

Sales and traffic continue to rise for the steak chain, but an unexpected rise in beef prices took a bite out of its bottom line. They’re expected to remain elevated for the foreseeable future.

  • Page 1