There are currently 86 company-owned locations in 22 states, plus 21 franchised units in the U.S. Through the restructuring and turnaround process, the company has firmly re-established itself and the results have been tremendous, which is a testament to the brand, our team and our loyal guests.”
“The company has forged the path for Italian dining with ingredients coming straight from Italy and an environment that is focused on genuine hospitality and generosity. “Macaroni Grill is without a doubt one of the premier Italian dining options in the industry,” Nishant Machado, CRO and CEO of Macaroni Grill, said in a statement. Romano’s Macaroni Grill successfully renegotiated lease terms, the company said, as well as vendor contracts, and also secured $13.5 million in new capital to fund restricting efforts and invest directly into the company “in the form of human capital and systems.” READ MORE: Romano’s Macaroni Grill Files for Bankruptcy Protection Romano’s Macaroni Grill, founded in 1988, said it “successfully leveraged the court administrated restructuring process to shed legacy liabilities and significantly strengthen the company, amid industry headwinds.” Mac Acquisition LLC, the owner of the Italian chain, filed for bankruptcy protection October 18, citing a shift in customer preference and an “overall downturn for the casual dining industry.” The company emerged from bankruptcy on February 15. Romano’s Macaroni Grill announced February 22 it has emerged from Chapter 11 bankruptcy.
0 kommentar(er)
