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Same-store sales for Q2 slipped 0.5% because of a decline in dinner sales and a missed marketing opportunity, executives said.
Fox will operate as a subsidiary led by CEO Sam Fox, and North Italia will shift to Cheesecake.
The Bloomin’ Brands holding is also planning to roll out a new interior design with more space set aside for off-premise business.
Sales and pending deals will pare the franchisor’s holdings by 97 stores.
The purchase price of the 13-restaurant group was not disclosed.
The chain has been a habitual top performer in casual dining, a segment with far more downs than ups in recent years. What is it doing that competitors don’t?
The high-flying casual chain said its traffic growth will be fueled by to-go business.
Employees of the Little Big Burger QSRs narrowly decided to remain independent.
The casual-dining chain is also close to completing the rollout of new back-of-house procedures.
A bankruptcy court has OK'd the sale of 24 restaurants to Williston Holding, the company headed by Marcus Jundt.
Kurt Schnaubelt joins the diversified restaurant company from a consulting firm.
The process of evaluating a deal has been complicated by big data, the reliance on technology and the evolving role of founders, experts noted at Restaurant Directions.
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