kona grill

Kona Grill scales back growth plans

Operator is negotiating with landlords to reduce rents or close restaurants

Kona Grill Inc. has pared back unit growth plans for the year and is negotiating with landlords to reduce rents at a number of restaurants, executives said Monday.

The Scottsdale, Ariz.-based grill and sushi bar chain, which widened its loss in the first quarter ended March 31, reduced planned openings this year from three locations to one. CEO Berke Bakay said rents at underperforming restaurants, perhaps as many as five, were in “tough negotiations.” 

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