Daily Grill parent to explore a sale

WOODLAND HILLS Calif. The parent of the Daily Grill casual-dining chain said it has hired a financial adviser to explore a sale, merger or other strategic alternatives. Grill Concepts Inc. also indicated that the company’s top executives have agreed to accept equity in lieu of cash compensation as part of a companywide cost-saving measure.

According to filings with the U.S. Securities and Exchange Commission, Grill Concepts’ board of directors has retained