BJ’s Restaurants, Inc. Announces Cooperation Agreement with Act III Holdings

Core Insights - BJ's Restaurants, Inc. has entered into a cooperation agreement with Act III Holdings, LLC and Ronald M. Shaich, aimed at supporting the company's strategic vision and growth [1][2] - Ron Shaich, known for founding Panera Bread, expressed confidence in BJ's new leadership and their strategic direction, emphasizing collaboration to achieve company goals [2] - Act III Holdings is an investment vehicle focused on building market-leading restaurant and entertainment companies, with BJ's as one of its portfolio investments [4] Company Overview - BJ's Restaurants, Inc. operates over 215 casual dining restaurants across 31 states, offering a diverse menu that includes slow-roasted entrees, signature deep-dish pizza, and the famous Pizookie® dessert [3] - The company has been recognized for its beverage program, winning the 2024 Vibe Vista Award for Best Overall Beverage Program for Multi-Unit Chain Restaurants [3] - BJ's prides itself on high-quality ingredients, bold flavors, and a contemporary dining atmosphere, with services including dine-in, take-out, delivery, and catering [3] Act III Holdings Overview - Act III Holdings, LLC is led by Ronald M. Shaich and focuses on investing in emerging restaurant and entertainment sectors, aiming to create dominant brands in niche markets [4] - The firm leverages industry-specific insights to support its portfolio companies, which include Cava Group and Tatte Bakery & Café, in addition to BJ's [4]