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Entries tagged "restaurants"Better-burger market sizzles with dealsRecent dealmaking indicates middle-market private equity firms are hungry for burger chains. The better-burger business modelSmashburger promises a better burger and is on a growth-by-franchise tear. Trying to find the beef at Metromedia SteakhousesSemantics, semantics, semantics. If you've been following Wednesday's Metromedia Steakhouses Co. LP Chapter 11 filing, you may have witnessed how semantics created a confusing few days. Why? MSC's corporate structure apparently confused some journalists (or their editors) to the point that it was incorrectly reported all over the place that the Ponderosa and Bonanza buffet chains were both bankrupt. In case you're still wondering, they're not. At least not entirely. ... With Midland Food Services, there's nothing fast or casual about bankruptcyTwo weeks ago, it was the parent company of Bennigan's and Steak & Ale restaurants, S&A Restaurant Corp., that filed for bankruptcy. Last week, it was a major Pizza Hut franchisee, Midland Food Services LLC. Anyone who has driven up and down a suburban highway should be surprised. It's a casual-dining and franchise restaurant emporium. It would be a minor miracle if more than one type would survive, given the array of choice. But that cluttered culinary landscape defied the economics -- until now. People don't eat at home unless they have to now. And that's exactly what's happened,... Bennigan's files for bankruptcy protectionThe company that owns family restaurant chains Bennigan's Grill & Tavern and the Steak & Ale has filed for Chapter 7 bankruptcy protection, according to reports. S&A Restaurant Group, a subsidiary of Metromedia Restaurant Group, shut down more than 300 locations and laid off thousands of employees. ... Regional Report: Columbus: Progeny of White CastleColumbus, Ohio, and restaurant chains have long been synonymous, producing a self-fulfilling deal dynamic. Deal calendar: Feb. 27, 2008IHOP Corp. completed its $2.1 billion deal for casual dining chain Applebees's International Inc. November 2007. Now, its report card time, and investors will have a chance to see the initial results on of the merger via IHOP's fourth-quarter earnings announcement Wednesday. Applebee's now operates as a standalone subsidiary of IHOP and has become part of a chain with a total of 3,250 restaurants. For a look at this and other noteworthy M&A-related events, please check out the listing below and the M&A calendar. - Gerald Magpily... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "restaurants." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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