Guacamole is a point of pride for the culinary team at the two Dallas-area Urban Taco restaurants. And it’s no wonder; in addition to the traditional mix, the modern Mexican concept offers several inventive takes on guac.
Ruby Tuesday’s days as a publicly traded company are over. NRD Capital completed its acquisition of the beleaguered casual dining chain December 21, and will now take Maryville, Tennessee-based Ruby Tuesday private in a deal valued at $2.
On Sunday, Governor Andrew Cuomo of New York announced a proposal to end the tip credit in the state. The tip credit currently allows restaurants to pay tipped employees less than the federal minimum wage and use tips to make up the difference.
Ruby Tuesday revealed Monday that it turned down an offer it received from another suitor on December 12, and that it plans to close on its deal with NRD Capital this Thursday.The offer, which Ruby Tuesday called a “highly conditional and not fully financed proposal,” came from The Boaz Group, LLC, and was actually higher than its NRD Capital agreement.
To restaurant industry insiders and consumers alike, the headlines were jarring.“Danny Meyer Restaurants to Eliminate Tipping,” The New York Times relayed in October 2015, while NPR blared “Danny Meyer to Banish Tipping And Raise Prices At His N.
Four Foods Group (FFG), the nation’s third fastest-growing restaurant development, investment, and management company, continues its upward trajectory with the acquisition of Swig, the popular St. George, Utah-based specialty soda and food concept.
The worst appears to be over. For the second consecutive month, the restaurant industry reported positive momentum, a welcome sign for operators following one of the roughest third quarters in recent memory.
Charleston Hospitality Group has acquired FILL Restaurant & Bar, a dueling piano bar & restaurant featuring live piano music Tuesday through Sunday evenings and dueling piano shows on Thursday, Friday, and Saturday nights.
Buffalo Wild Wings announced Tuesday that it has entered into a definitive merger agreement with Arby’s Restaurant Group. ARG will acquire the casual dining chain for $157 per share in cash, a deal valued at about $2.
Shares of Bloomin’ Brands skyrocketed more than 12 percent Monday afternoon when activist hedge fund Jana Partners announced an 8.7 percent stake in the casual dining company. Notably, the fund revealed in a securities filling under “Purpose of Transaction” that, with the assistance of the other reporting persons, it intends to have discussions with Bloomin’s board of directors and management regarding topics, including “a review of strategic alternatives including exploring a sale” of the company.
Claiming that the deal “significantly undervalues” Ruby Tuesday, a proposed class of Ruby Tuesday Inc. shareholders filed suit against the company and its impending sale in Tennessee federal court last week.
Hurricane Grill & Wings, a 60-plus-unit chicken-wing chain founded in 1995, has entered into a definitive agreement to be sold to FAT Brands Inc. for $12.5 million. The company, which stands for Fresh.
Buffalo Wild Wings’ new website is off to a bullish start. The company announced Wednesday that the site, which rolled out in October, has already boosted website transactions by 20 percent. It was designed to make it easier for guests to see, find, and order menu items, on both mobile and desktop devices.
“We once again have clarity on who we are and what we stand for.”Those were the words of John Cywinski, Applebee’s president, during a recent conference call. Trying to dissect what’s wrong with America’s largest casual dining chain can feel like a town hall full of dissenters sometimes.