Fun Eats and Drinks LLC won an auction last week to acquire Last Call Guarantor LLC, the owner of sports bar chains Fox & Hound and Champps, out of bankruptcy with a bid of $26.8 million.
The apparent sale of Fox & Hound and Champps comes amid a notably
active period in the restaurant space. Private-equity groups and other
buyers have been investing or buying restaurant companies, while
struggling chains have been replacing CEOs.
The activity has come amid a broad decline in U.S. restaurant same-store sales that has hit all industry segments.. . . more