LOS ANGELES Grill Concepts Inc., which operates The Grill on the Alley and the Daily Grill brands, has been seeking capital—and receiving it—like an up-and-comer. —Despite its near-25-year history as a fine-dining institution, Starting in 2005 with the planned transition of leadership from the concept’s founder, Bob Spivak, to the current chief executive, Philip Gay, Grill Concepts began to act like a growth concept, gathering debt ...

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