HOUSTON Tilman Fertitta, chief executive and chairman of Landry’s Restaurants Inc., has acquired a 9-percent personal stake in McCormick & Schmick’s Seafood Restaurants Inc. Since January, Fertitta has purchased more than 1.3 million...
Several restaurant companies are discounting their inclusion on Moody’s Investors Services’ recently released list of companies designated by the agency as at high risk of loan default...
CARLSBAD Calif. The 57-unit Islands Restaurants chain on Tuesday confirmed the planned closure this week of a unit in Orange County, Calif. Cara Sprague, senior marketing manager, said the 20-year lease for the location had expired and the...
CHICAGO Morton’s Restaurant Group Inc. said it expects a first-quarter same-store sales decline of between 20 percent and 22 percent, as the fine-dining steakhouse operator faces declining guest traffic amid an era of consumer cutbacks. ...
Declining food and beverage sales and dwindling cash flows have many restaurant operators seeking rent relief from landlords—and actually getting it.Whether landlords are concerned renters need help during the recession or afraid replacement...
While the tumultuous economy buffets other foodservice segments, wine bars with sizable food components are proving to have some strong legs in tough times.Wine bar restaurants have been a fixture in wine-rich California for decades, but new wine...
PORTLAND Ore. Connecting with guests to improve what McCormick & Schmick’s Seafood Restaurants calls its “price-value experience rating” will be a top priority for the upscale chain as it attempts to turn around rapidly declining traffic. ...
DALLAS Brinker International Inc. announced several executive changes Wednesday at its casual-dining concepts, including that Todd Diener, president of Chili’s Grill & Bar, would assume the additional role of president of On The Border Mexican...
