B.R. Guest restructuring

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The popular and successful B.R. Guest restaurant chain announced a series of closings as part of a restructuring effort (not, it should be noted, a bankruptcy). "In order to keep our business strong and competitive, we have no choice but to scale back and streamline our company," said president and founder Stephen Hanson.

In New York, B.R. Guest's hometown, the company closed Fiamma, Level V, and this writer's favorite, Ruby Foo's on the Upper West Side. Fiamma and Level V are being converted into event space and a new restaurant, respectively. Blue Water Grill in Chicago is also closing.

The New York Times' Diner's Journal Blog interviewed Fiamma chef Fabio Trabocchi after the announcement. Trabocchi reported sales declines of 25 to 30 percent since the start of the financial crisis.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on January 14, 2009 5:53 PM.

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