Denny's

Denny’s locations at 3127 Plainfield Ave. in Grand Rapids and 3817 Cork St. in Kalamazoo are listed as permanently closed after being removed from the chain’s website, with one former employee citing prolonged heating failures. Both sites were operated by franchise owner Denn-Ohio, which filed for Chapter 11 in 2023 and previously owned multiple Midwest locations; the Kalamazoo property was sold Jan. 16 for $1.6 million. The closures add to roughly 150 Denny’s shutdowns over two years amid recent ownership changes after the brand was acquired last month by TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises for $620 million. » More on yahoo.com

Weeks after a $620 million take-private deal led by TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises, Denny’s is continuing a planned closure of underperforming locations, targeting roughly 150 stores by year-end. The company said the closures are part of a multi-year strategy to rationalize the franchise portfolio, boost average unit volumes and return to flat-to-positive system growth by 2026. Denny’s reported slightly higher quarterly revenue year-over-year but a 1.3% decline in same-restaurant sales for the period cited. » More on finance.yahoo.com

Denny's closed its Santa Rosa, California restaurant that had operated for over 50 years as part of broader site shutdowns. The company plans to close 70–90 restaurants this year after closing 88 in 2024. Denny's agreed to be acquired by a group led by TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises for about $620 million, a deal expected to close in Q1 2026 and result in delisting from Nasdaq. » More on finance.yahoo.com