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Restaurant Enterprises Group

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BUSINESS
January 20, 1994
As part of its bankruptcy reorganization, the former Restaurant Enterprises Group sold $450 million in bonds Wednesday in order to retire old debt and pay for the acquisition of 237 Chi-Chi's Mexican-style restaurants. The bonds carried a higher-than-normal interest rate because they were non-investment grade. Investor interest in riskier bonds is stronger these days because the securities pay higher returns than comparable fixed-income securities.
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BUSINESS
January 20, 1994
As part of its bankruptcy reorganization, the former Restaurant Enterprises Group sold $450 million in bonds Wednesday in order to retire old debt and pay for the acquisition of 237 Chi-Chi's Mexican-style restaurants. The bonds carried a higher-than-normal interest rate because they were non-investment grade. Investor interest in riskier bonds is stronger these days because the securities pay higher returns than comparable fixed-income securities.
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BUSINESS
January 8, 1994 | GREG JOHNSON, TIMES STAFF WRITER
Clearing the way for what would be the largest coast-to-coast chain of sit-down Mexican-style restaurants, a bankruptcy judge in Delaware on Friday approved Restaurant Enterprises Group Inc.'s reorganization plan. In a complicated recapitalization to be completed later this month, Foodmaker Inc. in San Diego and two investment partners will acquire Irvine-based REG, which operates the El Torito Mexican restaurant chain and the Carrows and Coco's chains.
BUSINESS
January 8, 1994 | From Times Staff and Wire Reports
Restaurant Enterprises Reorganization OKd: Clearing the way for formation of the largest coast-to-coast chain of sit-down Mexican-style restaurants, a bankruptcy judge in Delaware approved Restaurant Enterprises Group Inc.'s reorganization plan. In a complicated recapitalization to be completed later this month, Foodmaker Inc. in San Diego and two investment partners will acquire Irvine-based REG, which operates the El Torito Mexican restaurant chain as well as Carrows and Coco's.
BUSINESS
November 24, 1993 | GREG JOHNSON, TIMES STAFF WRITER
Restaurant Enterprises Group, which operates the El Torito, Coco's and Carrows eateries, on Tuesday filed a prepackaged Chapter 11 plan in U.S. Bankruptcy Court as part of an ongoing recapitalization. The plan is supported by all of the Irvine-based restaurant company's creditors. REG listed $374.5 million in assets and $564.7 million in liabilities. Of that debt, $379.9 million is owed to secured creditors--including W.R. Grace & Co.
BUSINESS
November 24, 1993 | From Times Staff and Wire Reports
Restaurant Operator Files for Bankruptcy Protection: Restaurant Enterprises Group, operator of the El Torito, Coco's and Carrows chains, said its filing for Chapter 11 reorganization in U.S. Bankruptcy Court in Delaware was part of an ongoing recapitalization and was supported by all of the Irvine-based restaurant company's creditors. REG listed $374.5 million in assets and $564.7 million in liabilities, including $379.9 million owed to secured creditors such as W.R. Grace & Co.
BUSINESS
March 10, 1992 | ANNE MICHAUD, SPECIAL TO THE TIMES
Special occasions are being celebrated less frequently in El Torito and Charley Brown's, and more often at Coco's and Carrow's, according to Restaurant Enterprises Group. The Irvine-based company that operates those four chains, as well as seven others, has reported a loss of $27.7 million for 1991 and a 3.9% drop in sales, to $869.9 million. This brings the privately held company's losses to nearly $55 million in the past two years. Robert T.
BUSINESS
January 8, 1994 | From Times Staff and Wire Reports
Restaurant Enterprises Reorganization OKd: Clearing the way for formation of the largest coast-to-coast chain of sit-down Mexican-style restaurants, a bankruptcy judge in Delaware approved Restaurant Enterprises Group Inc.'s reorganization plan. In a complicated recapitalization to be completed later this month, Foodmaker Inc. in San Diego and two investment partners will acquire Irvine-based REG, which operates the El Torito Mexican restaurant chain as well as Carrows and Coco's.
BUSINESS
February 8, 1992 | From Times Staff and Wire Reports
Allie's and Bob's Big Boy Outlets Bought: Restaurant Enterprises Group, operator of some of Southern California's best-known restaurant chains, has acquired 107 Allie's and Bob's Big Boy restaurants from Marriott Corp. and plans eventually to convert them into its Coco's or Carrows chains. The Irvine-based company said that it paid $66 million for the restaurants, which together had 1991 sales of more than $100 million, and has an option to buy six more restaurants for a total of $2.6 million.
BUSINESS
January 8, 1994 | GREG JOHNSON, TIMES STAFF WRITER
Clearing the way for what would be the largest coast-to-coast chain of sit-down Mexican-style restaurants, a bankruptcy judge in Delaware on Friday approved Restaurant Enterprises Group Inc.'s reorganization plan. In a complicated recapitalization to be completed later this month, Foodmaker Inc. in San Diego and two investment partners will acquire Irvine-based REG, which operates the El Torito Mexican restaurant chain and the Carrows and Coco's chains.
BUSINESS
November 24, 1993 | From Times Staff and Wire Reports
Restaurant Operator Files for Bankruptcy Protection: Restaurant Enterprises Group, operator of the El Torito, Coco's and Carrows chains, said its filing for Chapter 11 reorganization in U.S. Bankruptcy Court in Delaware was part of an ongoing recapitalization and was supported by all of the Irvine-based restaurant company's creditors. REG listed $374.5 million in assets and $564.7 million in liabilities, including $379.9 million owed to secured creditors such as W.R. Grace & Co.
BUSINESS
November 24, 1993 | GREG JOHNSON, TIMES STAFF WRITER
Restaurant Enterprises Group, which operates the El Torito, Coco's and Carrows eateries, on Tuesday filed a prepackaged Chapter 11 plan in U.S. Bankruptcy Court as part of an ongoing recapitalization. The plan is supported by all of the Irvine-based restaurant company's creditors. REG listed $374.5 million in assets and $564.7 million in liabilities. Of that debt, $379.9 million is owed to secured creditors--including W.R. Grace & Co.
BUSINESS
November 12, 1993 | GREG JOHNSON, TIMES STAFF WRITER
Restaurant Enterprises Group, which operates the El Torito, Coco's and Carrows restaurant chains, revealed details in a recent Securities and Exchange Commission filing of who will run the company after it completes a planned reorganization. Jack W. Goodall, president of Foodmaker Corp. in San Diego, will become chairman, president and chief executive. He will replace Norman N. Habermann, who has been REG's president and CEO since 1986.
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