MADISON Ga. Bankrupt Avado Brands Inc. has completed the sale of 41 Don Pablo’s restaurants and seven Hops brewpubs to Rita Restaurant Corp., the newly formed operating company of Avado lender DDJ Capital Management LLC. The terms were not disclosed. The new owner said it is looking at the possibility of franchising the brands.Members of Avado’s management have apparently moved to Rita, which indicated that it would continue to operate the outlets under their current chain ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!