Ignite Restaurant Group, parent company of Joe’s Crab Shack and Brick House Tavern, could be on the verge of bankruptcy, according to Bloomberg, which cited “people familiar with the matter.” The article reported that the company was preparing to file as early as this week.
Ignite Restaurant Group, parent company to Joe’s Crab Shack and Brick House Tavern + Tap, is up for sale. Whether that deal includes one or both iconic brands remains to be seen.The company’s board of directors announced Monday that a process has begun to pursue the sale of the business, “which could be sold as an entirety or through the separate sales of its two restaurant brands,” according to a release.
During a special ceremony at its restaurant in Sugar Land, Texas, Ignite Restaurant Group CFO Brad Leist and team presented a check for $140,104.75 to Operation Homefront, reflecting the results of its third-annual “Taste Freedom” campaign.
Ignite Restaurant Group reported financial results for the first quarter ended March 28.Highlights for the first quarter of 2016 were as follows:Total revenues were $117.9 million, compared to $122.2 million in the first quarter of 2015.
Ignite Restaurant Group reported financial results for the fourth quarter and fiscal year ended December 2.Highlights for the fourth quarter of 2015 were as follows:Total revenues were $93.3 million, compared to $97.
Variety may be the spice of life, but it also appears to be the stimulator of growth. FSR’s list of Top 10 Fast-Growing, High-Performing Full-Service Chains includes a wide array of concepts that dramatically increased sales from 2013 to 2014.
Ignite Restaurant Group, whose portfolio of restaurant concepts includes Joe's Crab Shack, Romano's Macaroni Grill and Brick House Tavern + Tap, reported financial results for the second quarter ended June 30, 2014.
Ignite Restaurant Group reported mixed financial results for the fourth quarter and fiscal year ended December 30, 2013. Total revenues were $760.8 million, including $261.7 million associated with Romano's Macaroni Grill, acquired April 2013.