Finance

Inside Bar Louie’s Emergence from Bankruptcy and $82.5M Sale

Howard Meitiner, managing director at Carl Marks Advisors, was in the midst of a lively meeting with Bar Louie’s management.

Buffet Concept Country Cookin Closes Permanently Due to COVID

Country Cookin, a 13-unit concept based in Roanoke, Virginia, closed all of its restaurants permanently, as the woes for buffet-style restaurants continue amid the COVID pandemic.

25-Unit Applebee’s Franchisee Files for Bankruptcy

Wisconsin Apple, a 25-unit Applebee’s franchisee, declared bankruptcy earlier in October due to the COVID pandemic, including some employees testing positive.

How Restaurants Can Approach an Exit Strategy

With colder months ahead and a second wave of COVID-19 predicted by some public health officials, the path forward for restaurants doesn’t become any easier.

IHOP Transfers 41 Bankrupted Stores to New Franchisee Sun Holdings

IHOP has expanded its franchisee portfolio with the addition of Suncakes, LLC , led by Guillermo Perales, through the acquisition of 41 IHOP restaurants.

Four customers cheers beer glasses inside a Dave & Buster's with sports playing on TVs in the background.

Top Dave & Buster’s Stores Inch Closer to Regular Sales Levels

After going dark for a couple of months in the spring, Dave & Buster’s is continuing its climb to normalcy with top stores nearly reaching prior-year sales levels in recent weeks. ...

Bankrupt California Pizza Kitchen Sees No Bids for its Assets

California Pizza Kitchen’s assets was cancelled because no party submitted a qualified bid by the deadline, according to court documents.

Ruby Tuesday Files for Bankruptcy

Ruby Tuesday, a classic casual-dining chain founded 48 years ago, filed for bankruptcy Wednesday and will permanently shut down 185 company-owned restaurants.

Hands reach over the table at a restaurant.

President Trump Puts Restaurant Relief on Hold

President Donald Trump ended stimulus negotiations with Democrats Tuesday, effectively killing the restaurant industry’s chance at direct funds before the election.