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The company’s board says the higher offer from The Boaz Group was “highly conditional.”
The deal gives the seafood QSR chain its third private-equity owner in four years.
The company’s shareholders are investing $25 million into the brand as it plans to start offering $4.99 Footlong subs.
A BDO report says sales weakness and higher wages put a crimp in chains’ profits.
The theater-restaurant chain plans to use funds to open new locations.
An analyst suggests the chain could be a fetching target, but a deal would be costly.
Parent company Einstein Noah Restaurant Group cited “financial performance” as the reason for the closures.
Aggressive development has hurt the companies’ same-store sales, leading to more closures.
Five Latina employees of a location in the Boston area claim a “sexually offensive work environment.”
A 50-unit development agreement should help the chain continue its big international push.
MTY Food Group will buy another chain operator; the combined company will have 75 restaurant brands.
The Italian food hall chain is considering an offering and wants to fuel further expansion.
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
Ideas from the field you may want to borrow