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Macaroni Grill Sale

August 18th 2008 21:37
Dallas-based Brinker International Inc., which operates Romano's Macaroni Grill, Chili's Grill & Bar, On The Border Mexican Grill & Cantina and Maggiano's Little Italy, has agreed to sell 80% of Macaroni Grill to "...an affiliate of San Francisco private-equity firm Golden Gate Capital for $131.5 million" reports the Wall Street Journal.

Who knew that all those chains were one company? The WSJ story goes on to say that

[O]ther casual-restaurant operators have been suffering from slowing customer traffic, increased commodity costs and an overcrowded market. Several chains in the space have filed for bankruptcy in recent weeks.


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Posted By: Opher Banarie - Category: Business
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