Austin, Texas — Popular family-friendly Texas restaurant Smokey Mo’s TX BBQ has named Martin Hornsby as its new chief financial officer. “Bringing Martin to Smokey Mo’s will support more financial opportunities for franchising and corporate strategy,” says Craig Haley, president of Smokey Mo’s TX BBQ. “Smokey Mo’s is in the beginning stages of a substantial growth plan and we are very excited to add Martin’s financial and franchising expertise to our team.” Having worked as chief financial officer for companies such as Alamo Drafthouse and Sport Clips Haircuts, Hornsby’s experience, …
Alamo Drafthouse
Alamo Drafthouse Cinema Files for Chapter 11 Bankruptcy, Enters into Asset Purchase Agreement
by Katie Lee
Austin, Texas — Alamo Drafthouse Cinema has filed for Chapter 11 bankruptcy protection and entered into an asset purchase agreement with its group of senior lenders that is led by California-based Altamont Capital Partners and Fortress Investment Group. The agreement involves the sale of “substantially all” of the company’s assets, though it remains unclear how many of its 41 theaters Alamo Drafthouse plans to close. As part of its filing, Alamo Drafthouse has asked the U.S. Bankruptcy Court for the District of Delaware to approve a 75-day timeline for restructuring its …