• Finance

    National Restaurant Chains that May Go Out of Business

    Tammy TeaTeller Posted on

    Bob Evans

    Bob Evans is known for its Southern inspired food, including its hearty breakfast platters, biscuits, and chicken pot pies. However their food didn’t seem to be enough to sustain the business in the mid-2010s, as 2016 saw Bob Evans closed many of its locations it identified as underperformers.

    In 2017, the private equity firm Golden Gate Capital bought the Bob Evans restaurant chain to add its portfolio. Since then, the restaurant chain has improved its menus and added more entrees with fresh ingredients, stabilizing things. Golden Gate Capital also owns Red Lobster and California Pizza Kitchen.

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    Tammy TeaTeller
    When Tammy isn’t writing for UntoldTea, she’s having brunch dates with her girlfriends or watching Marvel movies with her family. Other than talking about the latest Kar-Jenner news, Tammy also loves to share the latest scoop on celebrity diet trends and recipes. When she isn’t in the kitchen making her favorite Whole30 recipes, she loves watching her favorite cooking shows The Great British Bake Off and Giada at Home.
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