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词条 Back Bay Restaurant Group
释义

  1. History

  2. References

Back Bay Restaurant Group was an American restaurant company headquartered in Boston, Massachusetts which operated a number of upscale restaurant chains along the East Coast, primarily in New England.

History

The Back Bay Restaurant Group was founded in 1992 when it was spun off from Charles Sarkis' Westwood Group and went public at $17 a share.[1][2] It was listed on the NASDAQ under the symbol "PAPA".[2] At the time Back Bay Restaurant Group went public it had 14 restaurants. By 1999 the company stock had had dropped to $3.50 a share and a 25% shareholder wanted out. Sarkis took the company private again for $38 million. By 2002, Back Bay Restaurant Group consisted of 35 restaurants on the East Coast, including the Abe & Louie's, J.C. Hillary's, Atlantic Fish Co., Coach Grill, Joe's American Bar & Grill, and Papa Razzi chains.[3]

In 2010, Sarkis' health seriously declined. He was also under significant financial strain following the closure of his other business, Wonderland Greyhound Park.[4]

In 2011, Back Bay Restaurant Group sold 33 of its restaurants, which included 15 Joe’s American Bar & Grill locations, 12 Papa Razzi restaurants and its flagship enterprise, Abe & Louie’s, to the Tavistock Restaurants, LLC.[5][4] In March 2012 he sold seven Papa Razzi locations to the Newport Harbor Group.[6] In December 2013, it closed its final two Massachusetts restaurants, Papa Razzi and Joe's American Bar and Grill in Hanover.[7] Its final two restaurants, both located in New Jersey, were closed at the end of March 2018.[10]

Sarkis died on March 11, 2018 at the age of 78.[8]

References

1. ^{{cite news|last=Bailey|first=Doug|title=Probe of Back Bay Restaurant fizzles|newspaper=The Boston Globe Journal|date=November 12, 1992}}
2. ^{{cite news|title=35 Hot Picks for '94|newspaper=Black Enterprise|date=April 1994|url=https://books.google.com/books?id=Bl0EAAAAMBAJ&pg=PA67&lpg=PA67&dq|accessdate=March 12, 2018}}
3. ^{{cite news|last=Goodison|first=Donna L.|title=Executive Profile: Charles Sarkis; Still in the Race|newspaper=The Boston Business Journal|date=February 22, 2002}}
4. ^{{cite news|author1=Abelson, Jenn|author2=Robinson, Walter V.|title=A Bitter Feast for the House of Sarkis|newspaper=The Boston Globe|date=July 24, 2011|url=http://archive.boston.com/business/articles/2011/07/24/sale_creates_a_bitter_feast_for_the_house_of_sarkis/|accessdate=March 12, 2018}}
5. ^{{cite news|title=Back Bay Restaurant Group sells assets|newspaper=Boston Business Journal|date=January 5, 2011|url=https://www.bizjournals.com/boston/blog/mass_roundup/2011/01/back-bay-restaurant-group-sells-assets.html|accessdate=March 12, 2018}}
6. ^{{cite news|title=Sarkis to sell off seven Papa Razzi locations|newspaper= Boston Business Journal|date=March 15, 2012|url=https://www.bizjournals.com/boston/blog/mass_roundup/2012/03/sarkis-to-sell-off-seven-papa-razzi.html|accessdate=March 12, 2018}}
7. ^{{cite news|last=Schneider|first=Dan|title=Two Hanover restaurants to close; 100 to lose jobs|newspaper=The Patriot Ledger|date=September 24, 2013|url=http://www.patriotledger.com/x1803832373/Two-Hanover-restaurants-to-close-100-to-lose-jobs|accessdate=March 12, 2018}}
8. ^{{cite news|last=Marquard|first=Bryan|title=Charles Sarkis, who built a restaurant empire and owned the Wonderland racetrack, dies at 78|newspaper=The Boston Globe|date=March 12, 2018|url=https://www.bostonglobe.com/metro/2018/03/12/charles-sarkis-who-built-restaurant-empire-and-owned-wonderland-racetrack-dies/zMNu2rY6joudzkR7h7FiEK/story.html|accessdate=March 12, 2018}}

9 : Holding companies established in 1992|Holding companies disestablished in 2018|1992 establishments in Massachusetts|2018 disestablishments in Massachusetts|Companies based in Boston|Companies formerly listed on NASDAQ|Restaurant groups in the United States|Restaurants established in 1992|Restaurants disestablished in 2018

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