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Securities documents show that no offer has yet been made, but due diligence is underway.
The operator of Fuddruckers and Luby's Cafeteria will sell off its assets in pieces and then dissolve.
Sales and profits plunged last quarter and many restaurants remain closed, but cost cuts led to improved margins at open locations.
The salaries of the remaining home-office employees have been cut 50%.
The diversified restaurant company posted a net loss for its Q1 despite rises in traffic and sales.
The company posted a decline in comps on a drop in traffic for all three of its restaurant brands and announced an outsourcing of several headquarters functions.
The multiconcept operator has begun the process of evaluating “strategic alternatives.”
Consumers rank their top 10 favorites from a field of hundreds.
Comps slipped by an average of 4% across its three restaurant brands.
Downtime is at a premium during the industry’s busiest season. These reads may be worth finding the needed hours.
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