American casual dining restaurant chain Romano’s Macaroni Grill has successfully emerged from bankruptcy.

The Italian restaurant brand has filed for Chapter 11 protection on 18 October 2017 to “shed legacy liabilities that were negatively impacting and hindering the company’s path forward”.

At the time of filing for bankruptcy, the company said the move was due to “decisions by past ownership”.

Mackinac Partners Nishant Machado, who serves as CRO and CEO of Macaroni Grill, said: “Macaroni Grill is without a doubt one of the premier Italian dining options in the industry. The company has forged the path for Italian dining with ingredients coming straight from Italy and an environment that is focused on genuine hospitality and generosity.

“Through the restructuring and turnaround process, the company has firmly re-established itself and the results have been tremendous, which is a testament to the brand, our team and our loyal guests.”

According to the chain, it secured $13.5m in new capital following renegotiated lease terms, vendor contracts.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The funding will be used for restructuring efforts and the company plans to invest it directly in the form of human capital and systems.

A statement published by the company read: “Romano’s Macaroni Grill is focused on the future and on continuing to exceed guests’ expectations with its award-winning food and dedication to hospitality”.

Founded in 1988, Macaroni Grill has 86 company-owned locations in 22 states, plus 21 franchise locations in the US and seven other countries.