Friday, September 30, 2016

Fox & Hound, Champps to be acquired for $26.8M

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

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