Restaurants Unlimited Inc: Difference between revisions
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{{short description|American food and beverage firm}} |
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{{primary sources|date=July 2016}} |
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'''Restaurants Unlimited, Inc.''' (RUI) was an American food and beverage firm. Rich Komen founded the company in 1969, and it was headquartered in [[Seattle]], Washington, United States.<ref name="under_performer">{{cite web|url=https://www.seattlepi.com/business/article/Restaurants-Unlimited-of-Seattle-is-sold-to-1232582.php |last=Richman |first=Dan |date=March 28, 2007 |title=Restaurants Unlimited of Seattle is sold to Florida investment firm |work=[[Seattle Post-Intelligencer]] |access-date=August 30, 2019}}</ref> |
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'''Restaurants Unlimited, Inc.''' (RUI) was founded in 1968 when it opened its first of many successful restaurants. Currently, there are 22 sub-brands under the RUI parent company, with locations in 47 U.S. cities, spread in 11 states, with [[Hawaii]] and [[Alaska]] included. <ref>{{cite web|url=http://www.restaurantsunlimited.com |title=Restaurants Unlimited |publisher=Restaurants Unlimited |date= |accessdate=2015-07-28}}</ref> Some of the award-winning restaurants are: Skates on the Bay, [[Portland City Grill]], Manzana Grill, Palisade and Cutters Crabhouse. Among the multi-unit brands are Stanford's, Henry's Tavern, Kincaid's, Palomino Restaurant & Bar and Portland Seafood Company. Each restaurant brand has its own cuisine and theme, being fit for both business and romantic dinners. <ref>{{cite web|url=http://www.suncappart.com/?portfolio=restaurants-unlimited-2 |title=Sun Capital Partners, Inc. | Restaurants Unlimited |publisher=Suncappart.com |date= |accessdate=2015-07-28}}</ref> |
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Brands included Skates on the Bay, [[Portland City Grill]], Manzana Grill, Palisade, Cutters Crabhouse, Stanford's, Henry's Tavern, Kincaid's, Palomino Restaurant & Bar and Portland Seafood Company.<ref>{{cite web|url=https://www.r-u-i.com |title=Restaurants Unlimited |access-date=July 28, 2015}}</ref> |
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Restaurants Unlimited filed for [[Chapter 11 bankruptcy]] on July 7, 2019. At the time of filing, there were 35 locations owned by the firm across six states.<ref>{{cite web|url=https://www.nrn.com/casual-dining/restaurants-unlimited-files-chapter-11-bankruptcy |last=Thorn |first=Bret |date=July 8, 2019 |title=Restaurants Unlimited files for Chapter 11 bankruptcy |work=[[Nations Restaurant News]] |access-date=August 30, 2019}}</ref> |
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==History== |
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In July 2015, there was a change in RUI’s management, with the company naming Jim Eschweiler as president and CEO. Eschweiler brings 20 years of experience in various business areas at high-growth hospitality and retail companies, and has an MBA in finance from the [[University of Washington]]'s [[Michael G. Foster School of Business]], and a BS in accounting from [[Marquette University]].<ref>{{cite news|title=Restaurants Unlimited, Inc. Names Jim Eschweiler as New President and CEO|url=http://www.prnewswire.com/news-releases/restaurants-unlimited-inc-names-jim-eschweiler-as-new-president-and-ceo-300115048.html|accessdate=27 July 2015|agency=Duo PR for Restaurants Unlimited, Inc.|publisher=PR Newswire|date=17 July 2015}}</ref> |
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In 2007, [[Sun Capital Partners]] acquired Restaurants Unlimited for an unspecified amount.<ref name="under_performer"/> |
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In July 2015, Jim Eschweiler was named president and CEO.<ref>{{cite press release|title=Restaurants Unlimited, Inc. Names Jim Eschweiler as New President and CEO|url=https://www.prnewswire.com/news-releases/restaurants-unlimited-inc-names-jim-eschweiler-as-new-president-and-ceo-300115048.html|access-date=August 30, 2019|work=[[Cision]]|date=July 17, 2015}}</ref> |
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In 2018, Unlimited began adding a 1% “Living Wage Fee” to their customer's bill.<ref>{{Cite web|url=https://theminnesotasun.com/2021/06/25/local-minnesota-restaurant-adding-equity-charge-to-customers-bills/|title = Local Minnesota Restaurant Adding 'Equity' Charge to Customer's Bills|date = 25 June 2021}}</ref>{{Better source needed|reason=[[Pink-slime journalism]]|date=October 2023}} |
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On July 7, 2019 the firm filed for Chapter 11 bankruptcy protection.<ref>{{cite web|url=https://www.csbankruptcyblog.com/wp-content/blogs.dir/375/files/sites/55/2019/07/Declaration.pdf |date=July 7, 2019 |title=Case 19-11509-LSS Doc 17 Filed 07/07/19 |work=csbankruptcyblog.com |access-date=August 30, 2019}}</ref> |
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In September 2019, [[Landry's, Inc.]] purchased the firm.<ref>{{cite web|url=https://www.bizjournals.com/houston/news/2019/09/25/landry-s-wins-bid-to-buy-seattle-based-restaurant.html|last=Campbell |first=Megan |date=September 25, 2019 |title=Landry's wins bid to buy Seattle-based restaurant co. out of bankruptcy|work=[[Houston Business Journal]] |access-date=September 27, 2019}}</ref> |
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==References== |
==References== |
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==Further reading== |
==Further reading== |
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* {{cite web | |
* {{cite web | last1=Leson | first1=Nancy | last2=Ouchi | first2=Monica Soto | title=Buyout firm purchases Restaurants Unlimited | website=The Seattle Times | date=March 28, 2007 | url=http://www.seattletimes.com/business/buyout-firm-purchases-restaurants-unlimited/ | access-date=July 6, 2016}} |
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==External links== |
==External links== |
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* [http://www.restaurantsunlimited.com/ Restaurants Unlimited Inc] |
* [http://www.restaurantsunlimited.com/ Restaurants Unlimited Inc] |
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{{Sun Capital Partners}} |
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[[Category: |
[[Category:Defunct companies based in Seattle]] |
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[[Category:Restaurant |
[[Category:Restaurant chains in the United States]] |
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[[Category:2007 mergers and acquisitions]] |
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[[Category:Companies that filed for Chapter 11 bankruptcy in 2019]] |
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Latest revision as of 10:11, 6 March 2024
Restaurants Unlimited, Inc. (RUI) was an American food and beverage firm. Rich Komen founded the company in 1969, and it was headquartered in Seattle, Washington, United States.[1]
Brands included Skates on the Bay, Portland City Grill, Manzana Grill, Palisade, Cutters Crabhouse, Stanford's, Henry's Tavern, Kincaid's, Palomino Restaurant & Bar and Portland Seafood Company.[2]
Restaurants Unlimited filed for Chapter 11 bankruptcy on July 7, 2019. At the time of filing, there were 35 locations owned by the firm across six states.[3]
History
[edit]In 2007, Sun Capital Partners acquired Restaurants Unlimited for an unspecified amount.[1]
In July 2015, Jim Eschweiler was named president and CEO.[4]
In 2018, Unlimited began adding a 1% “Living Wage Fee” to their customer's bill.[5][better source needed]
On July 7, 2019 the firm filed for Chapter 11 bankruptcy protection.[6]
In September 2019, Landry's, Inc. purchased the firm.[7]
References
[edit]- ^ a b Richman, Dan (March 28, 2007). "Restaurants Unlimited of Seattle is sold to Florida investment firm". Seattle Post-Intelligencer. Retrieved August 30, 2019.
- ^ "Restaurants Unlimited". Retrieved July 28, 2015.
- ^ Thorn, Bret (July 8, 2019). "Restaurants Unlimited files for Chapter 11 bankruptcy". Nations Restaurant News. Retrieved August 30, 2019.
- ^ "Restaurants Unlimited, Inc. Names Jim Eschweiler as New President and CEO". Cision (Press release). July 17, 2015. Retrieved August 30, 2019.
- ^ "Local Minnesota Restaurant Adding 'Equity' Charge to Customer's Bills". 25 June 2021.
- ^ "Case 19-11509-LSS Doc 17 Filed 07/07/19" (PDF). csbankruptcyblog.com. July 7, 2019. Retrieved August 30, 2019.
- ^ Campbell, Megan (September 25, 2019). "Landry's wins bid to buy Seattle-based restaurant co. out of bankruptcy". Houston Business Journal. Retrieved September 27, 2019.
Further reading
[edit]- Leson, Nancy; Ouchi, Monica Soto (March 28, 2007). "Buyout firm purchases Restaurants Unlimited". The Seattle Times. Retrieved July 6, 2016.