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Ovation Brands has abruptly shuttered 74 restaurants


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#1 Mark Carver

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Posted 05 February 2016 - 06:06 PM

Ovation Brands has abruptly shuttered 74 restaurants as part of a national restructuring plan.

Before the Thursday shakeup, Ovation had 328 locations across its brands. The company closed nearly a quarter of its restaurants.

 

The restaurant operator was acquired by Food Management Partners in August. The new parent company explained that the affected restaurants had been underperforming.

The closures affect nearly all of the company's brands, including Country Buffet, Ryan's, Hometown Buffet, Fire Mountain and Old Country Buffet.

 

http://www.cnbc.com/...estaurants.html


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#2 SammyBirdland

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Posted 05 February 2016 - 08:46 PM

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