9/10/2023 0 Comments Macaroni grill tucson![]() In addition, he spent 25 years with his family's cattle business in Colorado. In addition to the Rockies, Monfort owns the Hyatt Regency Indian Wells Resort & Spa in Southern California and formerly headed ConAgra Red Meats. Arizona has three Crab Shacks, two in Tempe and one in Tucson. The Phoenix area has four Romano's restaurants and the Tucson area two. The company decided to sell the chain and focus on growing its two other brands - Joe's Crab Shack and Brick House Tavern & Tap. Unfortunately, the brand was unable to deliver, in a timely manner, on the milestones we established," said Ray Blanchette, Ignite's chief executive officer, in a statement. "We continue to believe in the underlying strengths of the Macaroni Grill business. Romano's will continue to be headquartered in Houston. The transaction is expected to close within 30 days. Macaroni Grill's sales slumped 3 percent over the 12-month period, and the company closed 26 of the restaurants in 2014. Ignite said the Italian-cuisine chain failed to meet its goals and contributed to a widening $48.5-million loss for the Houston-based company in the fourth quarter. Gilbert will serve as CEO and Riesen as chairman. ![]() Three industry veterans will take over ownership and operation of the chain: John Gilbert, the current president of Romano's, Dean Riesen and Dick Monfort, owner/chairman and CEO of the Colorado Rockies. Romano's also generates $40 million from the franchise of 25 restaurants in the U.S. The restaurant chain currently operates 146 locations in 33 states, including six in Arizona, with annual revenue of roughly $300 million. Redrock Partners will purchase Romano's Macaroni Grill from Ignite Restaurant Group. A Phoenix-based partnership that includes a Major League Baseball owner has agreed to buy the Romano's Macaroni Grill chain from a Houston company for $8 million.
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