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finance

Leadership

Chris Morris resigns as CEO of Dave & Buster's

 By Peter Romeo on Dec. 10, 2024

The eatertainment company acknowledged that it'd been searching for a replacement for months. Chairman Kevin Sheehan is serving in the top job until a permanent successor is hired.

Financing

Former TGI Fridays' CEO makes an offer for bankrupt restaurants

 By Joe Guszkowski on Dec. 06, 2024

Ray Blanchette’s Sugarloaf Concessions bid $30.5 million for nine locations of the casual-dining concept, including its high-volume outlets at DFW Airport.

Financing

Take that, Sardar Biglari: Cracker Barrel shows its turnaround plan is working

By Peter Romeo on Dec. 04, 2024

The family-dining chain posted a same-store restaurant sales increase of 2.9% for the first quarter, but retail sales continued to slip.

Financing

Red Robin gets some help from its activist investors

By Joe Guszkowski on Dec. 03, 2024

JCP Investment Management and Jumana Capital Partners are investing $8.3 million to help the casual-dining burger chain pay down debt. They are also getting two seats on the board.

Financing

Why some restaurant brands are coming back from the dead

By Jonathan Maze on Nov. 27, 2024

A Deeper Dive: Once beloved brands Ground Round, Souplantation and Sweet Tomatoes and Steak & Ale are all making a comeback. We examine why now is the time for these restaurant chains to be taking this step.

Financing

Cracker Barrel shareholders hand Sardar Biglari another defeat

By Peter Romeo on Nov. 21, 2024

The dissident investor failed to get himself and an ally onto the family-dining chain's board, giving management's strategic plan a bright green light.

Financing

Frisch's execs say they've bought what's left of the chain

By Peter Romeo on Nov. 20, 2024

The announcement did not reveal how many units of the family-dining brand are still in operation, or how many members of its management team participated in the deal.

Workforce

TGI Fridays layoffs violated WARN Act, lawsuit says

By Joe Guszkowski on Nov. 14, 2024

Two employees said they were let go without proper notice when their restaurants closed last month ahead of the casual-dining chain’s bankruptcy filing.

Financing

5 takeaways from the Restaurant Finance and Development Conference

By Jonathan Maze on Nov. 14, 2024

What’s happening in California, the impact of Ozempic, a look at some franchisee valuations, Greg Flynn’s thoughts on franchise disclosure documents and how close chains are to being Ruby Tuesday’s.

Financing

Cracker Barrel pokes Sardar Biglari with what it calls proof the chain is recovering

By Peter Romeo on Nov. 14, 2024

The family-dining chain released preliminary figures showing a 2.9% gain in unit sales. The info was released the day after Biglari warned fellow shareholders that a $700 million turnaround plan will fail.

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