Food distributor Performance Food Group shook up the space July 1, agreeing to acquire privately held Reinhart Foodservice for $2 billion.
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.
The independent restaurant scene is always in flux. According to CHD Expert, the segment represents 68 percent of the total U.S. dining landscape.
Over the past month, the last remaining Farrell’s Ice Cream Parlour and Don Pablo’s Mexican restaurants closed their doors.
Del Frisco’s has entered into a definitive agreement to be purchased by private-equity firm L Catterton, the companies announced June 24.
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.
Across the restaurant industry, positive same-store sales growth—although modest—remains a consistent.
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.
Dave & Buster’s chief executive Brian Jenkins didn’t mince words.