LOUISVILLE Colo. Rock Bottom Restaurants Inc. said it laid off 19 percent of its support staff last week and is postponing a recapitalization because of prevailing economic conditions. Last year the casual-dining company hired the investment banking firm Piper Jaffray & Co. to explore a possible exit strategy for founder Frank Day and other investors. The decision was based on Rock Bottom’s financial health and plans for future growth, officials said at the time. Day led a management ...
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!