Investor increases stake in Grill Concepts

WOODLAND HILLS Calif. Grill Concepts Inc. completed a $5 million private placement, the proceeds of which were earmarked for working capital needs and expansion of the company’s Daily Grill, The Grill on the Alley, and the fast-casual In Short Order concepts, the company said last week.

The deal, which included an offering of convertible preferred stock and warrants, was struck with Charles Mathewson, as trustee of the Charles N. Mathewson Trust, who was descr

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