Mergers & Acquisitions

RCI Divests 3 Underperforming Bombshells Restaurant Chain

RCI Hospitality Holdings, Inc. (RICK), Tuesday announced that divestiture of three underperforming Bombshells Restaurant & Bar as part of its plan to improve the performance of the segment.

Bombshells is a military-themed, next-gen sports bar-casual dining restaurant chain.

The company permanently closed Bombshells Spring at 21005 Interstate 45 N, Spring, TX, and Bombshells Houston-South at 12810 Gulf Freeway, Houston, TX.

Whereas, it plans to divest Bombshells Austin at 15119 N Interstate Hwy 35, Pflugerville, TX.

The company will disclose the financial details of the deals along with its fourth quarter and year-end results by December 16.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Mergers & Acquisitions