Joe’s Crab Shack
Founded in Houston, Texas, Joe’s Crab Shack now has a lot of branches all across the USA, especially in the southern regions where it can incorporate the beach-themed setting. In 2006, the company was sold out to J.H. Whitney & Co. for approximately $192 million but soon went insolvent as it incurred a debt of over $225 million, which was identified by J.H. Whitney. In 2017, the company filed for bankruptcy and was purchased by Landry’s Inc. but still was faced with the initial store closures due to poor performance. The new managing company does not intend to close out all the stores but instead desires to redevelop and launch the restaurant with a new approach.
Joes Crab Shack
Papa Murphy’s Pizza
Papa Murphy’s Pizza is considered a “take and bake”-style restaurant founded in Washington in 1995. The establishment came after two companies formed a powerhouse – Papa Aldo’s and Murphy’s – which later became a household name with more than 1,300 branches in both Canada and the US. As for the West Coast, we can safely say Papa Murphy’s Pizza is a hot stop for many and is one of the top five largest pizza chains in America. However, as the years went by, they felt the brunt of hardship hit the company after Lee Equity purchased it in New York. It went through an IPO and started a nationwide advertising campaign a few years later. The initiative now is to close out the underperforming stores and incorporate the profits into improving the stronger-performing companies.
Papa Murphy’s Pizza
