Many observers and franchisees believed all Max & Erma’s needed was an experienced restaurant hand to guide it through what have become choppy industry waters in recent years.
It may be getting just that. The Columbus company’s new owner includes a high-profile restaurant executive and investor and an industry management veteran who already has restructured and led several dining chains out of their financial troubles.
Denver-based American Blue Ribbon Holdings LLC, owner of the Village Inn and Bakers Square regional restaurant businesses, has been approved by a judge in U.S. Bankruptcy Court in Pittsburgh to buy Max & Erma’s Restaurants Inc. for $28 million. The deal is expected to close Aug. 31.
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