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Plant-Based Protein Beverage Company Après Closes $1.1M Seed Round

Après, a digital-first company based in San Francisco offering a plant-based protein beverage developed specifically for premium whole-body replenishment, announced Tuesday the closing of a $1.1 million seed series fundraising round led by Rocana Venture Partners.

SuViche Hospitality Group Acquires Novecento Brand

South Florida’s successful SuViche Hospitality Group has acquired U.S.-based Novecento brand and in tandem with that acquisition is announcing the opening of Novecento’s fourth location. That opening, slated for summer 2018 in Doral, will signal the arrival of a new Novecento, featuring an updated look and feel, a revitalized menu, and a new wine and bar program.

Bamboo Sushi, QuickFish Secure Investment to Grow

Bain Capital Double Impact, which recently invested in fast-casual By Chloe, announced Tuesday (April 10) a strategic commitment to help grow Sustainable Restaurant Group and its two concepts, Bamboo Sushi and QuickFish.

Bombshells Reports Sales Boost in 2nd Quarter

RCI Hospitality Holdings, Inc. announced total and same-store sales for its Nightclubs and Bombshells restaurant segments for the second fiscal quarter ended March 31, 2018. The company plans to report complete 2Q18 results on May 10, 2018.

Rhône Completes Acquisition of Fogo de Chão

Fogo de Chão, Inc. and Rhône Capital announced the successful completion of the acquisition of Fogo by Rhône. The acquisition was announced on February 20, and the transaction closed and became effective Thursday.

Dave & Buster’s Banks on Virtual Reality as Sales Momentum Slips

A “dramatic change” in Dave & Buster’s amusement business triggered troubling fourth-quarter results. Same-store sales fell 5.9 percent versus a 3.2 percent increase in the year-ago quarter, tumbling the entertainment-driven brand’s stock nearly 7 percent late Tuesday.

Can a Revitalized Outback Get Even Better in 2018?

Bloomin’ Brands CEO Liz Smith called the fourth quarter of fiscal 2017 “an excellent finish” to the year for the company’s concepts, especially its flagship—Outback Steakhouse. While comparable same-store sales growth of 4.

Can Applebee's and IHOP Return to Casual Dining's Summit?

The leaders of Applebee’s and IHOP will be the first to admit the company’s challenges can’t be solved with a name change. DineEquity Inc. is now Dine Brands Global, Inc. The switch was, in some ways, the visible manifestation of changes that have been churning for months—fixes necessary to reroute the largest casual dining brands in America.

Catering Could Take Chuy's to New Heights

Chuy’s off-premise business accounted for about 12.25 percent of sales in the fourth quarter. As far as chief financial officer Jon Howie could recall, the number represented the largest mix in the chain’s 36-year history.

Del Frisco’s Could Sell Sullivan’s Steakhouse

Del Frisco’s Restaurant Group is exploring strategic alternatives for its Sullivan’s Steakhouse brand, a process that could include a potential sale, executives said in the company’s fourth-quarter review.

Bravo Brio Being Sold for $100 Million

BRAVO! Cucina Italiana and BRIO Tuscan Grille parent Bravo Brio Restaurant Group (BBRG) announced Thursday (March 8) that it was acquired by Switzerland-based Spice Private Equity Ltd., an affiliate of GP Investments.

Famous Dave's Sees Improvement as Transformation Continues

Famous Dave’s is on its way to becoming a leaner, higher-performing restaurant company. The 151-unit barbecue chain closed 13 restaurants in fiscal 2017, which drove down its total revenue nearly 28 percent in the fourth quarter to $12.