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Ruth’s Chris Plans 'Prized' Expansion After $19M Deal

Ruth’s Chris Steak House purchased development rights to “prized territory,” for about $19 million in cash, the company announced during its May 3 first-quarter review.Along with three franchises run by longtime operator Marsha Brown—the former banker of founder Ruth Fertel—the high-end steakhouse acquired development rights to the Philadelphia area, including parts of New Jersey and Long Island, New York.

Applebee's is Building a Brand of High Performers

Applebee’s turnaround over the past two years has had several layers. One of the most critical, and perhaps less-publicized points, though, involves fixing a stark gap. When Dine Brands reworked its leadership, the team was staring down a very wide discrepancy between effective stores and those brand-damaging units that not only dragged sales, but also poked holes in Applebee’s brand affinity.

Capital One Names Paul Westra Managing Director of Restaurant Investments

Capital One announced that it has named Paul Westra Managing Director of Restaurant Investments, supporting its Food, Beverage & Agriculture (FB&A) specialty banking team. “Over the course of more than 20 years, Paul established himself as one of the most authoritative restaurant analysts on Wall Street,” says Paul Baisley, Managing Director and Head of Food, Beverage & Agriculture at Capital One.

Twin Peaks Reports Impressive Start to 2019

Twin Peaks kicked off 2019 with a steady increase in sales and traffic in addition to the successful debut of several innovative new menu items.The ultimate sports lodge saw a 1.4 percent increase in traffic and 3.