finance

Financing

Red Lobster's owner 'not expecting much' from sale

The struggling seafood chain lost more than $22 million last year, said Thai Union Group, which is looking to offload the brand.

Financing

Fast-growing 7 Brew Coffee gets growth investment from Blackstone

With the transaction, early investor Jimmy John Liautaud of sandwich chain fame sold his stake in the drive-thru coffee-stand concept.

Pleasant Lake Partners said the chain is underperforming but would make an attractive acquisition target.

It has been a journey that involved pure grit, stretching the truth at times and former first baseman Adrian Gonzalez. But this seven-unit Los Angeles chain is preparing for the next phase of growth.

The largest shareholders behind the massive Flynn Group are considering a sale of a majority stake, according to media reports.

Parent company Rave Restaurant Group said it made about $600,000 during its second quarter, about twice its net income from a year ago.

The majority stake marks the 12th restaurant investment for the Utah-based private-equity firm and the first in its $200 million Savory Fund III portfolio.

Sushi Ginza Onodera, a Tokyo-based chain of 12 upscale sushi restaurants, has filed for an $8 million initial public offering in the U.S.

A federal court judge cited the fast-casual chain's "willful disregard" for the litigation in ruling in favor of the giant distributor, which had sued for unpaid bills.

The 15-unit bowling-bocce-bistro chain said it sees room to open 150 locations around the country.

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