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Karlin Linhardt had been with the sandwich giant six months.
El Pollo Loco, Pollo Tropical and Del Taco all struggle in the Lone Star State.
After an SEC qualification, the fast-casual health food chain is selling stock to raise cash for new locations and marketing.
An activist says the company erred in hiring a new CEO during a strategic review.
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.