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Grace Restaurant

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BUSINESS
July 26, 1985
The New York-based firm's restaurant group reached a tentative agreement under which its wholly owned subsidiary, Grace Restaurant Co. of Irvine, will buy 27 Darryl's theme restaurants from General Mills. In addition, Grace Restaurant's majority-owned subsidiary, El Torito Restaurants, also of Irvine, will acquire 25 Casa Gallardo Mexican restaurants, also from General Mills. The purchase of all 52, which is expected to be completed before the end of the year, is valued at about $60 million.
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ENTERTAINMENT
December 9, 2007 | Lynn Smith, Times Staff Writer
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.
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BUSINESS
December 27, 1986 | MARY ANN GALANTE, Times Staff Writer
W.R. Grace & Co. said Friday that it has completed the sale of a majority interest in its 690-unit restaurant division to an Irvine-based group of Grace restaurant officials. The investors' company, Restaurant Enterprises Group, raised $536.7 million in a leveraged buyout to purchase a 53% equity interest in the Grace division. In addition, the investment group will assume $239.3 million in existing restaurant division debt that will be removed from Grace's books.
NEWS
July 17, 2003 | Nancy Rommelmann, Special to The Times
It's late October 2002, and Neal Fraser is walking around a room full of plaster dust. His restaurant, Grace, was supposed to open a month ago, but none of the fixtures are in, the guy who was supposed to do the ceiling didn't show up, again, and an investor just dropped out. Normally unflappable, even Fraser is finding the process nerve-racking. "Put it this way," he says, surveying the still-unpainted walls. "I ice myself down every night so I don't spontaneously combust."
BUSINESS
July 26, 1985 | BRUCE HOROVITZ, Times Staff Writer
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.
NEWS
March 27, 2003 | S. Irene Virbila, Times Staff Writer
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.
ENTERTAINMENT
December 9, 2007 | Lynn Smith, Times Staff Writer
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.
NEWS
August 31, 1986 | JUDY PASTERNAK, Times Staff Writer
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.
NEWS
July 17, 2003 | Nancy Rommelmann, Special to The Times
It's late October 2002, and Neal Fraser is walking around a room full of plaster dust. His restaurant, Grace, was supposed to open a month ago, but none of the fixtures are in, the guy who was supposed to do the ceiling didn't show up, again, and an investor just dropped out. Normally unflappable, even Fraser is finding the process nerve-racking. "Put it this way," he says, surveying the still-unpainted walls. "I ice myself down every night so I don't spontaneously combust."
BUSINESS
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.
NEWS
March 27, 2003 | S. Irene Virbila, Times Staff Writer
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.
BUSINESS
December 27, 1986 | MARY ANN GALANTE, Times Staff Writer
W.R. Grace & Co. said Friday that it has completed the sale of a majority interest in its 690-unit restaurant division to an Irvine-based group of Grace restaurant officials. The investors' company, Restaurant Enterprises Group, raised $536.7 million in a leveraged buyout to purchase a 53% equity interest in the Grace division. In addition, the investment group will assume $239.3 million in existing restaurant division debt that will be removed from Grace's books.
NEWS
August 31, 1986 | JUDY PASTERNAK, Times Staff Writer
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.
BUSINESS
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.
BUSINESS
July 26, 1985 | BRUCE HOROVITZ, Times Staff Writer
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.
BUSINESS
July 26, 1985
The New York-based firm's restaurant group reached a tentative agreement under which its wholly owned subsidiary, Grace Restaurant Co. of Irvine, will buy 27 Darryl's theme restaurants from General Mills. In addition, Grace Restaurant's majority-owned subsidiary, El Torito Restaurants, also of Irvine, will acquire 25 Casa Gallardo Mexican restaurants, also from General Mills. The purchase of all 52, which is expected to be completed before the end of the year, is valued at about $60 million.
BUSINESS
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.
BUSINESS
December 14, 1986
John Hawck has been appointed to the post of director of marketing for International Vintner Importers Inc. of Los Angeles. Vintner distributes Victoria Springs Natural Mineral Water and Frutelle. Hawck formerly was director of beverage for the Grace Restaurant Co.
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