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Iconic Italian restaurant chain shutters over 200 locations
Yahoo Finance· 2026-01-11 17:03
Company Overview - Romano's Macaroni Grill has faced significant challenges, with fewer than 10 locations currently operating after a series of struggles [3] - The brand was sold in 2015 due to its inability to meet established milestones, prompting Ignite's CEO to focus on other restaurant brands [5] Recent Developments - RMG Acquisition Group acquired Romano's Macaroni Grill in 2023, expressing confidence in the potential for a turnaround [6] - The new COO, Dan Lentes, emphasized a commitment to enhancing the restaurant's offerings and reconnecting with customers [6] Strategic Initiatives - Plans include the reintroduction of a fast, convenient, and affordable lunch menu, a refreshed happy hour with new drinks and small plates, and a new loyalty program in partnership with Spendgo [7]