Earl Enterprises Completes Acquisition of BRIO and BRAVO!
Earl Enterprises announced Thursday the asset acquisition of BRIO Italian Grille and BRAVO! Italian Kitchen from FoodFirst Global Restaurants. BRIO and BRAVO!
Finance
J. Alexander's was Nearly Sold Before the Pandemic
J. Alexander’s was in advanced negotiations with a buyer before COVID-19 rattled the landscape in early March.
Report: 85 Percent of Independent Restaurants Could Close Without Direct Aid
Dan Wu, an immigrant chef and owner of Atomic Ramen in Lexington, Kentucky, operated his restaurant for two and a half years before COVID hit.
Chuy's Pays Down $25 Million Revolving Credit Facility
Chuy’s announced that it successfully completed its previously announced $50 million “at-the-market” offering and paid down its $25 million revolving credit facility.
Chili’s is Outpacing its Casual-Dining Competitors
More than 80 percent of Chili’s restaurants have reopened dining rooms, and the customers are responding.
HopCat Parent Files for Bankruptcy as COVID-19 'Put it Over the Edge'
Michigan-based BarFly Ventures, the parent of HopCat, Stella’s Lounge, and Grand Rapids Brewing Co., filed for bankruptcy, citing “untenable” debt exacerbated by the COVID-19 pandemic. ...
Protests Shut Down Dozens of Cheesecake Factory Restaurants
The Cheesecake Factory closed, or partially shuttered, 87 restaurants this past weekend as protests broke out across the country in the wake of George Floyd’s death.
Chuy’s Opens Nearly All of its Dining Rooms
More than 85 percent of Chuy’s restaurants have reopened dining rooms in a limited capacity as weekly same-store sales see sequential improvement.
