July 26, 1985 |
Taking advantage of General Mills Inc.'s ongoing revamp of its restaurant division, two subsidiaries of W.R. Grace & Co.'s Restaurant Group have tentatively agreed to purchase 52 restaurants from the Minneapolis food giant, the companies announced Thursday. The purchase price was not revealed, but industry analysts estimate that it will be in excess of $60 million. The purchase boosts the number of Grace restaurants to 822 nationwide.
March 27, 2003 |
Beverly Boulevard between La Cienega Boulevard and La Brea Avenue is fast becoming a hip restaurant row. The latest to open is Grace Restaurant, on the site of the long-running Muse. One of the owners is connected to Brentwood Restaurant; the chef is Neal Fraser, who won a following at Boxer restaurant a few blocks west (now Cobras & Matadors) and later cooked at Rix in Santa Monica. From day one, Grace has been packed with a youthful, plugged-in crowd.
August 31, 1986 |
A stretch of Pacific Coast Highway, from Pacific Palisades to the Malibu Pier, appears destined to become a public-property Restaurant Row within the next two years. Los Angeles County, the city of Los Angeles and the state are planning to open five dining spots--two new ones and three replacements for closed restaurants.
December 9, 2007 |
On a late Sunday afternoon last summer, cameramen were setting up in a backroom of Grace restaurant on Beverly Boulevard while chef Neal Fraser sat on a bar stool feeling like he was coping with a case of nerves. The restaurant, his very first, had been selected as one of 10 to be featured on the second, Los Angeles-based season of "After Hours With Daniel," a look at what happens when top chefs close down for the night and cook for one another.
July 25, 1986
Norman Habermann has been named chief executive of W.R. Grace & Co.'s Irvine-based restaurant group, the company said Thursday. Habermann, 53, replaces Anwar Soliman, who resigned last week. Habermann will oversee the New York-based chemical giant's $1-billion division of over 700 restaurants, which includes such operations as Coco's, Baxter's, El Torito and Charley Brown's.
November 12, 1986
The New York conglomerate said it plans to launch its previously announced cash tender offer this morning for the 27.5% of El Torito Restaurants' shares that it does not already own. W. R. Grace & Co. is offering $20.50 per share for the 3.1 million shares outstanding--a total of $63.55 million.