When Avado Brands, the Madison, Ga.-based operator of Don Pablo’s Tex-Mex restaurants and Hops Grill and Brewery, emerged from Chapter 11 bankruptcy in 2008, its owners had plans to sell off the chains. Instead, a new company called Rita Restaurant Corp. was formed, which acquired all remaining assets of Avado, consisting at the time of 44 Don Pablo’s and five Hops locations. Four years later, armed with a new line of credit, Rita officials have been remaking the Don ...
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