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casual_dining

Financing

TGI Fridays' acquisition by Hostmore is suddenly in question

 By Joe Guszkowski on Aug. 08, 2024

U.K.-based Hostmore said this week that the deal has been delayed as the two sides work to sell their corporate TGI Fridays and go fully franchised.

Financing

Applebee's says it's losing lower-income diners to grocery stores

 By Joe Guszkowski on Aug. 07, 2024

The casual-dining chain plans to be even more aggressive on value as inflation catches up with consumers. But it lowered its outlook for the rest of the year.

Financing

Outback Steakhouse turns to value as traffic falls

By Joe Guszkowski on Aug. 06, 2024

The casual-dining steak chain is hoping a $14.99 three-course meal will pull in choosy consumers, and it is planning more value offers this year.

Financing

Here's why Buca di Beppo filed for bankruptcy

By Joe Guszkowski on Aug. 06, 2024

The Italian casual-dining chain blamed the pandemic and its aftermath for creating an impossible operating environment.

Financing

Buca di Beppo files for Chapter 11 bankruptcy

By Joe Guszkowski on Aug. 05, 2024

The Italian casual-dining chain is restructuring after closing about 20% of its locations last week.

Financing

World of Beer declares bankruptcy

By Jonathan Maze on Aug. 05, 2024

Once one of the country’s fastest-growing chains, the craft beer-focused casual-dining chain cited inflation, litigation and weak traffic for its challenges.

Financing

In a small Illinois city, Red Lobster leaves a big void

By Joe Guszkowski on Aug. 02, 2024

The shuttered seafood restaurant had been a mainstay in Danville, which is working to overcome past economic challenges.

Technology

Chili's reunites with Ziosk as its tabletop payment supplier

By Joe Guszkowski on Aug. 02, 2024

The casual-dining chain was one of the tech company’s first customers and is reigniting the relationship after a four-year interlude.

Financing

Owner of Logan's Roadhouse acquires 2 Jose Garces concepts

By Joe Guszkowski on Jul. 31, 2024

Amada and Village Whiskey will join SPB Hospitality’s portfolio of more than a dozen brands. The group will also partner with Garces to develop new concepts.

Operations

Outback Steakhouse to close 9 restaurants in Hong Kong

By Joe Guszkowski on Jul. 30, 2024

The steak chain will still have 10 outlets in the key market, which has been slow to bounce back from the pandemic.

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