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Funds from Tiger Global Management follows a $40 million round in 2016.
The company cites a heavy debt load and legal liabilities and is closing “several” locations.
Traffic fell 5.4% in November as the industry continued losing customers.
The company, facing activist pressure, said it is considering strategic alternatives.
The latest multiunit chain operator is integrating its newest concept in Sullivan’s, but wants more.
The Philippines-based operator named Jose Minana the chain’s president.
Some say they light a fire under management. Others just see brands going up in flames.
Lawsuits have been dropped as part of a settlement with one of its largest operators, RMH.
The company plans to close four underperforming locations.
The investment will help the company expand Tocaya Organica and Toca Madera.
Up-and-coming restaurant chains and what’s propelling their growth
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.