Ignite Restaurant Group Inc. has encountered challenges in digesting its April acquisition of the Romano’s Macaroni Grill brand and turmoil on the bottom line, but executives continue to see long-term potential. Executives at the Houston-based company, which also owns the Joe’s Crab Shack and Brick House Tavern + Tap casual-dining brands, said on Wednesday that the acquisition, closed April 9, led to a more expensive turnaround than expected and swung the company to a loss in ...
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Contact: Desiree Torres Desiree.Torres@penton.com