Despite tough economy, optimistic restaurant companies look to sell

Despite tough economy, optimistic restaurant companies look to sell

At this time last year the restaurant industry was experiencing a deluge of deal making. Today, it’s lucky to have a sparse sprinkling. But that change in fortunes has not dampened the hopes of several companies that recently announced they would “review strategic options.”

That’s code, of course, for hanging up the “for sale” sign. But given the slowed economy, turbulent debt markets and consumers who are eating out less, the timing of putting a foodservice company on the block seems

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