Denny's Acquired in $620M Deal

Denny's, the iconic 72-year-old breakfast chain, is being taken private in a $620 million acquisition by a consortium led by TriArtisan Capital Advisors, Treville Capital Group, and Yadav Enterprises. The deal involves the sale of all 1,300 locations amidst struggles and closures of some outlets. The move signifies a strategic shift aimed at revitalizing the brand, with potential changes in store for customers. Key figures involved include Kelli Valade and Rohit Manocha, who have commented on the transaction. This buyout reflects broader trends in the restaurant industry, as investors seek to revitalize established brands amid economic challenges.