Howard Meitiner, managing director at Carl Marks Advisors, was in the midst of a lively meeting with Bar Louie’s management.
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.
Wisconsin Apple, a 25-unit Applebee’s franchisee, declared bankruptcy earlier in October due to the COVID pandemic, including some employees testing positive.
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 has expanded its franchisee portfolio with the addition of Suncakes, LLC , led by Guillermo Perales, through the acquisition of 41 IHOP restaurants.
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. ...
California Pizza Kitchen’s assets was cancelled because no party submitted a qualified bid by the deadline, according to court documents.
Ruby Tuesday, a classic casual-dining chain founded 48 years ago, filed for bankruptcy Wednesday and will permanently shut down 185 company-owned restaurants.
President Donald Trump ended stimulus negotiations with Democrats Tuesday, effectively killing the restaurant industry’s chance at direct funds before the election.
Operator 1069 Restaurant Group, Golden Corral’s largest franchisee, filed bankruptcy Tuesday due to COVID’s severe impact.