Finance
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.
Bankrupt FoodFirst Global Agrees to $30 Million Deal with GP Investments, Owner of Planet Hollywood
Bankrupt FoodFirst Global Restaurants is seeking approval to sell at least 45 of its stores to GPEE Lender in the form of a $25 million credit bid, $50,000 in cash, and $4.5 million in assumed liab ...
How to Manage Leases and Landlords in Uncertain Times
It’s no secret that signing a lease on a restaurant space is a big commitment.
Fortress to Acquire CraftWorks for $93 million
A federal bankruptcy court approved Wednesday a $93 million credit bid by senior lender Fortress Investment Group to acquire CraftWorks, parent of Logan’s Roadhouse and Old Chicago Pizza & Tapr ...
Reopenings Provide Some COVID-19 Hope, Especially for Casual Dining
All 50 states have now partially emerged from coronavirus lockdowns.
49-Unit IHOP Franchisee Files for Bankruptcy
A franchisee operating 49 IHOP units filed for bankruptcy May 6, citing the COVID-19 pandemic as the primary issue.
Bamboo Sushi Parent Files for Bankruptcy
Portland, Oregon–based Sustainable Restaurant Holdings (SRH), the parent of Bamboo Sushi and QuickFish, announced that it has filed for bankruptcy.
Cheesecake Factory is Taking a Deliberate Approach to Reopening Restaurants
The Cheesecake Factory is one of the highest-volume chains in America, averaging $10.7 million in sales per restaurant in 2019 and 2018, and $10.6 million the year before that.
