Romano's Macaroni Grill was sucking the life out of the business, but Joe's Crab Shack is stumbling right behind it. Ignite Restaurant Group announced it has entered into a definitive agreement to sell its Romano’s Macaroni Grill subsidiary to Redrock Partners, LLC. On Tuesday, Ignite Restaurant Group announced that it was selling Romano's Macaroni Grill to Redrock Partners for $8 million in cash. Macaroni Grill's sales slumped 3 percent over the 12-month period, and the company closed 26 of the restaurants in 2014. In two years, Macaroni Grill's value decreased by $47 million. Macaroni Grill, or Romano’s Macaroni Grill, is a restaurant chain founded in Leon Spring, Texas in 1988, and it now operates more than 200 locations around the world, including Canada, Germany, Egypt, Japan, etc. All about Romano's Macaroni Grill. Host your event in our intimate private dining spaces for no additional charge. If the deal comes to pass, the new acquisition would become the largest brand in the group’s portfolio. They also offer create your own pasta, a unique feature that can’t be found in every Italian restaurant. He focused on the little things and that … A Phoenix-based partnership that includes the owner of the Colorado Rockies has agreed to buy the Romano's Macaroni Grill restaurant chain. Romano's Macaroni Grill, Inc. operates a chain of dining restaurants. Machado said Sullivan’s — which operates 14 locations — should experience significant growth in 2019 using many of the same approaches used for Macaroni Grill… Romano's Macaroni Grill, All Rights Reserved. 2009: Norman Brinker passes away on June 9. Chili's at Palisades Center shopping mall, West Nyack, New York. ... in 2013, selling it to Ignite Restaurant Group for $55 million. The original price was $131.5 million but had been lowered amid the credit crisis and Brinker kept a 19.9 percent ownership interest. 2 days ago. 2012: In May, the Supreme Court of California issued its much-awaited decision in Brinker … Ramanos Macaroni Grill | 57 followers on LinkedIn. In 2018, Macaroni Grill grew same-stores sales after years of negative comps and acquired Sullivan’s Steakhouse from Del Frisco’s for $32 million. He set out to create a restaurant inspired by his grandfatherÍs kitchen in upstate New York, where the cuisine was rooted in Italian tradition, but the emphasis was on a place family could gather and have a great time over food made with the finest of ingredients. Phil Romano founded Macaroni Grill on a simple belief. Founded by Norman Brinker in Dallas, Texas, we’ve ventured far from home, but stayed true to our roots. IRVING, Texas, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Del Frisco’s Restaurant Group, Inc. (“Del Frisco’s” or the “Company”) (NASDAQ: DFRG) today announced that it has signed a definitive agreement to sell Sullivan’s Steakhouse to Romano’s Macaroni Grill for gross proceeds of approximately $32 million. In two years, Macaroni Grill's value decreased by $47 million. Or book now at one of our other 3510 great restaurants in Phoenix. We've rounded up some of the best French fries in every state, and you just might plan a road trip... 2 results. From catered events with the great taste of Macaroni Grill, to special events in our private dining spaces, our dedicated events team will help create the perfect menu for your guest list - no matter your group … Order food online at Romano's Macaroni Grill, Stockton with Tripadvisor: See 50 unbiased reviews of Romano's Macaroni Grill, ranked #56 on Tripadvisor among 628 restaurants in Stockton. Since contributing to the bankruptcy of parent company Ignite Restaurant Group in 2017, the Italian … Get menu, photos and location information for Romano's Macaroni Grill - Desert Ridge in Phoenix, AZ. Chili's in Santiago, Dominican Republic. Perhaps that had something to do with the fact that the sale was for a measly $8mm, "a price akin to dumping your unwanted junk on Craigslist." Macaroni Grill went into a significantly overhauled building that previously was home to Chi-Chi’s and Beefsteak Charlie’s restaurants, at Wolf and Metro Park roads. Romano's Macaroni Grill, El Paso: See 46 unbiased reviews of Romano's Macaroni Grill, rated 3 of 5 on Tripadvisor and ranked #648 of 1,645 restaurants in El Paso. Locations. Work the party, not the kitchen. Romano's Macaroni Grill menu features items found in traditional cuisine from Italy and the Mediterranean area. Find the nearest Macaroni Grill location to you for authentic hand-crafted Italian food. The Italian chain was in bankruptcy court last year, after all—and was also a major contributor to the bankruptcy that year of Joe’s Crab Shack owner Ignite Restaurant Group. Chili's Grill & Bar is an American casual dining restaurant chain. You are able to have a taste of Spicy Ricotta Meatballs for antipasti, salads, chickens made in various ways, parmigiana plates, seafood, pasta and pizza, etc. We own, operate or franchise more than 1,600 restaurants in 29 countries and two territories under the names Chili’s® Grill & Bar and Maggiano’s Little Italy®. However, Ignite previously owned Macaroni Grill as well. Macaroni Grill acquired Sullivan’s Steakhouse deal for $32 million from Del Frisco’s Restaurant Group in September. Romano's Macaroni Grill, Goodyear: See 171 unbiased reviews of Romano's Macaroni Grill, rated 3.5 of 5 on Tripadvisor and ranked #35 of 162 restaurants in Goodyear. Find Your Nearest Macaroni Grill Location. Ultimately, Ignite Restaurant Group may not have any good options. Offering delicious pastas, meats, and comfortable wine-cellar decor, Romano's Macaroni Grill … Brinker (NYSE: EAT) is one of the world’s leading casual dining restaurant companies. Sullivan’s, which operates 14 locations in 12 states, had struggled under its previous owner, Del Frisco’s Restaurant Group, which unloaded the chain after its own purchase of Barteca Restaurant Group. Food & Beverage Company. Contents show. Restaurant. Now, … Ramanos Macaroni Grill is a restaurants company based out of Waikoloa Beach Dr, Waikoloa, HI, United States. Romano's Macaroni Grill Italian Restaurant | Locations Skip Navigation or Skip to Content How Macaroni Grill destroyed Ignite Restaurant Group Blog: Joe’s Crab Shack owner’s downfall began with an ill-fated, 2013 acquisition Jonathan Maze | Jun 07, 2017 2008: In December, Brinker sells a majority stake of Romano's Macaroni Grill to Mac Acquisition LLC, an affiliate of Golden Gate Capital. The concept was acquired by Brinker International, Inc. in August … To be more specific, it features traditional Italian and Mediterranean food. Hillstone Restaurant Group bought for $9.35 million a 2.5-acre property in Boca Raton, the former site of the Macaroni Grill restaurant. From our table to yours - feed your family starting at $6 per person, including a shared entree, Caesar salad and freshly baked Rosemary Peasant bread. Nabisco Cookies. The decline of Romano’s Macaroni Grill has been so spectacular it sent two companies into bankruptcy protection. Chili's in Makati City, Philippines. About Ignite Restaurant Group. In 1983, Lavine sold the company to restaurant executive Norman E. Brinker, formerly of the Pillsbury restaurant group that owned Bennigan's. Ignite Restaurant Group was purchased by Landry's Inc., a restaurant and casino owner. The company put together a team that was better equipped to think through potential acquisitions and the value it could bring to the brand. Order food online at Romano's Macaroni Grill, Murray with Tripadvisor: See 88 unbiased reviews of Romano's Macaroni Grill, ranked #19 on Tripadvisor among 102 restaurants in Murray. Del Frisco's Restaurant Group Inc. sold Sullivan's Steakhouse chain to Romano's Macaroni Grill in a $32 million deal. With over 205 restaurant locations worldwide, it Grill features a menu that offers Italian-American cuisine such as pasta, pizza, chicken dishes, seafood, and salads. 2010: In June, Brinker sells On the Border Mexican Grill & Cantina to OTB Acquisition LLC, also an affiliate of Golden Gate Capital. Macaroni Grill captures the Italian experience, down to each individual ingredient, and delivers the extraordinary flavors of Italy to groups and parties of any size. The company has 88 locations around the world and is headquartered in Denver, Colorado. 10/18/17 Recap: Back in 2015, Ignite Restaurant Group offloaded Romano's Macaroni Grill to RedRock Partners LLC in an attempt to bolster its liquidity and avoid bankruptcy. Golden Gate quickly did a sale-leaseback deal on 39 of the locations, which funded the vast majority of … The net proceeds, which have not yet been finalized, will be used to reduce the Company’s outstanding … Romano's Macaroni Grill, Tucson: See 145 unbiased reviews of Romano's Macaroni Grill, rated 3.5 of 5 on Tripadvisor and ranked #694 of 1,939 restaurants in Tucson. At the time, the chain had 226 locations, but had weakening sales. Macaroni Grill, Dubai: See 44 unbiased reviews of Macaroni Grill, rated 3.5 of 5 on Tripadvisor and ranked #4,071 of 11,872 restaurants in Dubai. From catered events with the great taste of Macaroni Grill, to special events in our private dining spaces, our dedicated events team will help create the perfect menu for your guest list - no matter your group size or budget. Welcome to Macaroni Grill. It's important to us to source ingredients, like our rich Pomodorina sauce, from small Italian farms to create better tasting food for you - … It failed: the company filed for bankruptcy earlier this year (case summary here). Ignite Restaurant Group. Italian restaurant chain Romano's Macaroni Grill has filed for Chapter 11 bankruptcy protection with a plan to restructure around 93 locations by handing ownership of the chain to a lender group. Pasta Pasta Milano roasted chicken, sun-dried tomatoes, mushrooms, rigatoni, roasted-garlic cream sauce Mushroom Ravioli porcini-stuffed fresh pasta, caramelized onions, marsala cream sauce The Company offers pasta, pizza, seafood, salads, desserts, recipes, catering, delivery, and event planning. We've created a culture that believes with hard work comes huge opportunities to develop your own unique career path. The menu includes a custom-assembled pasta dish, with a choice of pastas, … Islanders have long incorporated this ingredient into everyday dishes: Spam with eggs, Spam sandwiches, Spam … Join us tonight for classic Italian dishes made with imported Italian ingredients. Order food online at Romano's Macaroni Grill, Murray with Tripadvisor: See 88 unbiased reviews of Romano's Macaroni Grill, ranked #19 on Tripadvisor among 102 restaurants in Murray. View Macaroni Grill’s profile on LinkedIn, the world's largest professional community. ... Macaroni Grill will be serv ... turkey and all the fixings. The success of the Mac Grill turnaround gave the company confidence to buy Sullivan’s in a $32 million deal in September. 4 days ago. Maggiano's Little Italy is an American casual dining restaurant chain specializing in Italian-American cuisine.The company was founded in Chicago's River North neighborhood, at Clark Street and Grand Avenue, in 1991 by Rich Melman's Lettuce Entertain You Enterprises (LEYE), and was named after Melman's late partner, Marvin Magid.