Finance

Performance Food Group to Acquire Reinhart Foodservice for $2 Billion

Food distributor Performance Food Group shook up the space July 1, agreeing to acquire privately held Reinhart Foodservice for $2 billion.

Hooters location in Ft. Lauderdale as seen from the outside.

Hooters Sold to Nord Bay Capital, Plans Fast Casual Expansion

Hooters of America, LLC has been sold to Nord Bay Capital and its adviser, TriArtisan Capital Advisors, the companies announced July 1. Financial terms of the deal were not disclosed.

Busy restaurant and waiter serving customers.

Where Do Local Restaurants Stand in 2019?

The independent restaurant scene is always in flux. According to CHD Expert, the segment represents 68 percent of the total U.S. dining landscape.

The Last Farrell’s Ice Cream Parlour, Don Pablo’s Shutter

Over the past month, the last remaining Farrell’s Ice Cream Parlour and Don Pablo’s Mexican restaurants closed their doors.

Del Frisco’s Sold to L Catterton for $650 Million

Del Frisco’s has entered into a definitive agreement to be purchased by private-equity firm L Catterton, the companies announced June 24.

An 11.5-inch long Giant Chicken Parmigiana is part of Olive Garden's new Giant Italian Classics menu.

Olive Garden on Delivery: We're Not Missing Out on Anything

Some of the most successful brands in casual dining, namely Olive Garden and Texas Roadhouse, have emphatically resisted third-party delivery during its surge into the restaurant marketplace.

A 12-ounce Giant Meatball with Spaghetti at Olive Garden.

Casual Dining Outpaces Industry, but is an Economic Slowdown Coming?

Across the restaurant industry, positive same-store sales growth—although modest—remains a consistent.

Investor Calls for Removal of Red Robin Board Members

Investor Pushes for Takeover of Red Robin

Activist investor Vintage Capital, which holds 1.5 million shares or about 12 percent of Red Robin's stock, has offered to buy the remaining 88 percent of the struggling burger chain.