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Finance

Should Your Restaurant Partner with a Private-Equity Firm?

For restaurant operators that want to grow and need funding, partnering with a private-equity investor can be a good place to start, as long as operators fully consider the pros and cons.Private-equity firms can provide significant benefits to a restaurant company, such as providing the financial backing that can fuel substantial growth.

AccorHotels to Invest $319 Million in Umami Burger Parent Company

AccorHotels and sbe Entertainment Group signed a Letter of Intent and entered into exclusive negotiations for AccorHotels to acquire a 50 percent stake in sbe, further illustrating AccorHotels's strategy to expand its offering in the luxury lifestyle hospitality segment.

How Darden Artfully Built LongHorn Into a Steakhouse Juggernaut

Much of what has taken place at LongHorn Steakhouse in recent years counteracts the casual-dining playbook of old. Simplify and shrink the menu, but improve loyalty and accelerate same-store sales. Historically those results just don’t co-exist in the same battlefield.

Beef ‘O’ Brady’s Reports Strongest Quarter in 30-Year History

Beef ‘O’ Brady’s, a family-friendly sports bar and restaurant franchise, entered the second quarter of 2018 poised with rapid growth momentum. The brand has undergone a number of strategic changes within the last 12 months, including an entirely refreshed brand image, renovations to existing locations and a revamp of the menu.

Surging Darden Plans to Add 40–50 Restaurants in 2019

Darden’s strong close to fiscal 2018 soared its stock more than 15 percent Thursday to $107.06, its highest point since March 2009. Don’t expect that momentum to slow anytime soon. In fact, Darden said during a June 21 conference call that it plans to open 45–50 new restaurants in 2019—a pretty rare growth boom in today’s casual-dining arena.

Can Darden Work its Magic with Cheddar's?

Darden’s “brilliant with the basics” operating strategy has been the anchor for its industry-fronting results for years now, and the fourth quarter was no different. Same-store sales increased at every brand except its most recent acquisition, Cheddar’s Scratch Kitchen, resulting in a blended lift of 2.

Tilted Kilt Being Sold to Dick’s Wings Owner

ARC Group, Inc., owner, operator, and franchisor of Dick’s Wings & Grill, said it intends to acquire Tilted Kilt, the Jacksonville-based company announced.Dick’s Wings, a 23-year-old brand, has 15 restaurants in Florida and five in Georgia.

Dave & Buster’s Longtime CEO to Retire in August

It’s the end of an era for Dave & Buster’s. Since going public in 2014, chief executive officer Stephen M. King and chief financial officer Brian Jenkins have been the face of the company for investors.

Sales Momentum Slows for Restaurants in May

Restaurant sales slowed a bit in May after a sizzling spring start. TDn2K’s latest Restaurant Industry Snapshot, based on weekly sales from more than 30,000 restaurant units, showed flat same-store sales growth across the industry—a significant slowdown from April’s 1.

Why Locally Made Bread Is Worth the Extra Cost

When John des Rosiers opened Inovasi nearly a decade ago, he spent years refining the menu to get the quality just right at the upscale American bistro located in Chicago’s northern suburb of Lake Bluff.

Report: Restaurateurs Optimistic About 2018 Sales

Nearly 60 percent of restaurateurs indicate that hiring, training and retaining staff are among the top areas of opportunity for the industry, according to a survey unveiled today by Toast. The “Restaurant Success in 2018” Industry Report results also suggest optimizing speed and efficiency, as well as attracting and retaining customers, are the second and third most crucial challenges, respectively, for restaurateurs in 2018.

Planet Hollywood Owner Scoops Up Bertucci’s Out of Bankruptcy

Earl Enterprises, the company behind Planet Hollywood, Earl of Sandwich, and Buca di Beppo, has purchased Italian chain Bertucci’s out of bankruptcy. Earl Enterprises, which operates about 130 total locations, will pay more than $3 million in cash for Bertucci’s, as well as issue $13 million in new second-lien debt, and take on $4 million in debt.

Bravo Brio Owner Forms New Restaurant Company

American restaurateur Bradley D. Blum and Brazilian-based investment firm GP Investments, Ltd. announced the formation of a new restaurant company, FoodFirst Global Restaurants, Inc. With the intention to be a progressive, relevant, diverse, and highly successful restaurant company for the 21st century, FoodFirst Global Restaurants acquired its first brands, Brio Tuscan Grille (Brio) and Bravo Cucina Italiana (Bravo) in a transaction, which closed on May 24.

Crafted Coffee Gives Cracker Barrel a Jolt

Before same-store sales declined 0.4 percent in Q3 2017, Cracker Barrel appreciated 11 straight quarters of positive gains. Is the 653-unit chain ready to stage another impressive run?Cracker Barrel’s comps increased 1.