Denny’s we hardly knew ye. This week, the popular restaurant chain announced that they would be taking the company private on the stock market. Denny’s is a part of a $620 million deal with TriArtisan Capital Advisors, Treville Capital, and Yadav Enterprises. That’s private equity for those of you playing at home. So, go ahead and get your funeral bibs out, because it’s likely that we might not have Denny’s for much longer. While some spectators, the fiscally-minded among us, might point to the declining sales for a place like Denny’s. It’s not hyperbole to start thinking about the brand’s demise as a result of these moves.
TriArtisan Capital Advisors doesn’t see it that way. Their co-founder an managing director Rohit Manocha put out a statement charting a new path forward for Denny’s in the months and years ahead. He said, “We look forward to working with (CEO) Kelli [Valade] and the rest of the Denny’s team and franchises to provide resources and support the Company’s long-term strategic growth plans.”
