Nashville, Tenn. — Restaurant Growth Services, LLC has hired Kara Jacobs as its new chief financial officer. She will also serve as CFO for the O’Charley’s and Ninety Nine restaurant brands. As CFO, Jacobs will be responsible for all financial and technology-related support services for the restaurant brands that are majority owned by Cannae Holdings, Inc. She joins the company from Cracker Barrel. “Kara’s professional experience and capabilities align completely with our commitment to the highest standards for financial reporting, internal controls and effective support of our restaurant operations,” says …
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Denver — Punch Bowl Social has filed for voluntary Chapter 11 bankruptcy through the U.S. Bankruptcy Court for the District of Delaware. The Denver-based “eatertainment” concept has closed all but three of its locations due to the COVID-19 pandemic. The venues in Austin, Texas; Arlington, Virginia; and Atlanta remain open. In summer 2019, Cracker Barrel invested $140 million in Punch Bowl Social. According to multiple media reports, the restaurant chain chose during the pandemic to not invest any further in Punch Bowl Social, instead focusing on its own business. …
Lebanon, Tenn. — On April 17, 2017, Cracker Barrel Old Country Store® opened a store in Tualatin, Ore., the first Cracker Barrel® location on the West Coast. Cracker Barrel’s entry into the Portland area marks a key expansion of Cracker Barrel’s footprint.