It has been more than a year since the 17-unit, fast-casual Pat & Oscar’s chain, based in San Diego, was purchased by Australia-based private-equity firm Pacific Equity Partners. At the time, John Wright, Pat & Oscar’s president and chief executive, had already launched a restructuring effort that has continued under the new ownership.Among the strategic changes to date, three low-performing units were sold earlier this year to Austin, Texas-based Fuddrucker’s. Two company-owned stores are ...

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