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Kona Grill

Financing

Most of Kona Grill sold to former CEO’s company for $20.3M

A bankruptcy court has OK'd the sale of 24 restaurants to Williston Holding, the company headed by Marcus Jundt. 

Financing

Kona’s former CEO makes a bid to buy the company

A company operated by Marcus Jundt has a $27 million stalking horse bid to buy the struggling casual-dining chain.

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

Restaurant operators can learn a lot from the decisions that led the chain to file for bankruptcy, says RB’s The Bottom Line.

The company closed an additional 15 locations and is up for sale, blaming overly aggressive growth, cost cuts and a stock buyback for its poor finances.

The casual-dining chain recently said it might be forced to file for Chapter 11 bankruptcy protection due to mounting debt and declining sales.

Nasdaq tells the struggling chain to pay its listing fees or be removed from trading Thursday morning.

Lawsuits between the chain and former Chief Executive Jim Kuhn paint a picture of a company that grew too fast, then cut too many costs to survive, says RB’s The Bottom Line.

The struggling casual-dining chain appointed a restructuring specialist as CEO and said a bankruptcy filing is possible.

Christi Hing, the struggling chain’s current CFO, was named "principal executive officer" of the struggling chain.

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