Chain & Commercial Operators • Deals and M&A • Operators • The Ashton Report • Whats Important Now: Report

Chain Bankruptcy Fire Sales: Landry’s Bids For Restaurants Unlimited, STK Owner Buys Out Kona Grill

September 12, 2019
by The Ashton Report
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Written by The Ashton Report
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Two restaurant chains in Chapter 11 bankruptcy made news in the past couple weeks:   –Landry’s LLC, Houston-based operator of multiple full-service concepts, made a $37.2 million “stalking horse” offer for Seattle-based Restaurants Unlimited, which filed for bankruptcy July 8. Other bids for the chain must match or exceed Landry’s offer at an auction scheduled…

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