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Cannae Holdings

All articles tagged with #cannae holdings

O'Charley's Shuts Down Abruptly, Leaving Workers and Customers in the Lurch
business27 days ago

O'Charley's Shuts Down Abruptly, Leaving Workers and Customers in the Lurch

O'Charley's Restaurant and Bar abruptly closed all locations on Sept. 9, notifying employees just 24 hours beforehand, with branding removed from several sites. The company and its owner Cannae Holdings have not commented, leaving customers and workers across Tennessee, Ohio, Georgia and Virginia to react with sadness, anger and nostalgia as they seek explanations and new jobs. Media outlets have corroborated closures, while local officials have criticized the lack of communication as former staff and patrons recount decades of memories tied to the chain.

O’Charley’s shutters corporate restaurants as portfolio review reshapes brand
business28 days ago

O’Charley’s shutters corporate restaurants as portfolio review reshapes brand

O’Charley’s is reportedly closing all corporate restaurants as owner Cannae Holdings accelerates a strategic portfolio review, shrinking from a peak of 250 units to 49 company-owned and 3 franchised; second-quarter same-store sales declined about 13.1%, and ongoing losses prompted monetization of noncore assets and a shift toward higher-return opportunities in sports and entertainment.