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Logan's Roadhouse
Logan's Roadhouse is an American chain of casual dining restaurants based in Houston, Texas, United States, founded in 1991 in Lexington, Kentucky, U.S.[3] There are 135 Logan's Roadhouse locations throughout twenty-two states.[4] The chain uses retro style decorations. Some of the Logan's establishments have locality-inspired decor and artwork. For example, Detroit area Logan's have murals of people wearing Detroit Pistons shirts.[citation needed] The chain's menu includes mesquite-grilled steaks, traditional American fare such as sandwiches, soup, salads, and seafood, longneck cold beer, and homemade yeast rolls.[citation needed] HistoryIn 1999 it became a wholly owned subsidiary of the publicly held CBRL Group, which also owns Cracker Barrel. On December 6, 2006, CBRL Group sold Logan's Roadhouse to affiliates of Bruckmann, Rosser, Sherrill & Co., Canyon Capital Advisors LLC, and Black Canyon Capital LLC for $486 million. In 2010, private equity firm Kelso & Company acquired the company.[5] On February 20, 2013, Mike Andres, a former McDonald's vice-president and former chief executive officer of Boston Market, replaced Tom Vogel as chief executive officer.[6] On January 12, 2017, Hazem Ouf, former chief executive officer of American Blue Ribbon Holdings, was named president and chief executive officer.[7] On August 8, 2016, Logan's Roadhouse filed for bankruptcy and announced plans to close eighteen of its 256 locations that are under-performing. The chain was reported to be struggling with heavy debt and falling sales.[8] Locations closing in late September 2016, include, in Florida, two each in Kissimmee & Orlando, and one each in Mary Esther, Tampa, and Tallahassee; one in each of those cities: Macon, Georgia; Houston, Texas; Lafayette, Louisiana & Waynesboro, Virginia.[9][10][11] On December 1, 2016, Logan's Roadhouse formally exited bankruptcy with a debt load reduced from about $400 million to $100 million.[12] On November 1, 2018, Logan's Roadhouse announced that it was acquired by CraftWorks Restaurants & Breweries.[13] On March 3, 2020, Craftworks filed for Chapter 11 Bankruptcy protection.[14] On March 19, 2020, all open Logan's locations were temporarily closed amid the COVID-19 pandemic.[15] On April 4, 2020, Craftworks announced that all the Logan's Roadhouse locations would remain closed indefinitely, and that all 18,000 employees would be laid off.[16] On June 12, 2020, SPB Hospitality purchased Craftworks restaurants out of bankruptcy for $93 million.[17] References
External linksInformation related to Logan's Roadhouse |
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