1 Day
Source:
The Boston Globe
The Ninety Nine chain may be sold
The article reports that the Ninety Nine restaurant chain, a regional fixture in New England, may be up for sale after years of stable operation and recent financial challenges. The chain's parent company, Cannae Holdings, is conducting a strategic review of its restaurant holdings, with O’Charley’s recently exiting, which may positively influence Ninety Nine's prospects. Industry experts suggest that a private equity firm or family office could be potential buyers, aiming to reinvest and improve the chain’s performance.
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