Anthony wedo leaves ovation brands3/2/2024 filed for Chapter 11 bankruptcy protection again. emerged from Chapter 11 reorganization with reduced debt along with a new board of directors. The final day of normal business operations in these stores, as well as the announcement of closing to all team members in said stores, took place the previous day. Although all restaurants were said to be staying open and continuing to operate normally under the then-current reorganization plan, the company called for the immediate closing of 52 stores nationwide, effective February 12, 2008. acquired Ryan's Restaurant Group, adding 340 Ryan's Grill Buffet and Bakery and Fire Mountain Grills locations. Part of this increase came from the acquisition of 11 eating establishments from Country Harvest Buffet Restaurants, Inc., for $5.6 million. In 1998, the company increased the number of company-owned restaurants from 360 to 386. in the late 1990s posted a net income of $28.6 million in 1997 and $39.4 million in 1998, on revenues of $808.5 million and $868.9 million, respectively. Scott left in 1989 to start HomeTown Buffet, but the two chains merged in September 1996.īuffets Inc. Rowland and Jensen left in 1986 to start Homestyle Buffet in Clearwater, Florida. Dennis Scott on October 19, 1983, along with Dermot Rowland and Doron Jensen. The company was founded by Roe Hatlen and C. The company's restaurants included steak-buffets, as well as steakhouse restaurants with menus that range from grilled-to-order steaks, single-serve dishes, scratch-made soups, entrees and desserts, beverage bars, buffets, chops and grilled seafood, and others. VitaNova Brands, based in San Antonio, Texas, was an operator of a number of American national buffet chain restaurants including subsidiary company Furr's.Īll of their Old Country Buffet, HomeTown Buffet, Ryan's Buffet, and Curry House locations have closed. Additionally, he has been a member of many corporate and non-profit boards.Ĭurrently, Anthony guides investment in franchise growth brands, consulting with restaurant, hospitality and retail clients, as well as participating in speaking engagements. He has served as an operating partner for several private equity firms, raising over $500 million in debt and equity and leading a successful public auction. By shifting the company from a process-driven to innovation-driven approach, he was able to relaunch the brand with an aggressive marketing campaign, revitalize the menu and customer experience, and slash corporate expenses, including overhead by $45 million per year.Īnthony began his professional career at PepsiCo where he quickly rose through the ranks, becoming Vice President and General Manager of a $1 billion KFC division before age 30. The operator of six national buffet brands, including Old Country Buffet, Ryan’s and Tahoe Joe’s, recruited Anthony as CEO to reinvigorate its restaurant portfolio – a role that would attract the attention of CBS, which featured Anthony in two episodes of its hit TV show, “Undercover Boss.” Anthony transformed the company with a full rebrand and turned around operations through culture change, operational restructuring, team building and process refinement – work that dramatically exceeded investor expectations by building to $10.5 billion in sales, with 18,000 employees and 350 restaurants across 35 states. When not leading or consulting on companies’ reinvigoration and growth strategies, Anthony spends his time developing authentic leaders by sharing his expertise – whether on CBS’s “Undercover Boss,” where he was featured in two of its most popular episodes as a speaker at national industry events, workshops and retreats as the author of “The 12 Commandments: Lessons in Servant Leadership” or as a professor at the University of Delaware’s Lerner College of Business & Economics.Īnthony credits his behavioral leadership expertise to three defining categories to his success: rapidly growing startups, consolidating and transforming brands, and turning around and reinventing corporations. and has recruited and managed franchisees in all parts of the country. A leader who specializes in transforming businesses during periods of significant change, Anthony has developed and acquired restaurants in every major market in the U.S. Over the past 30 years, Anthony Wedo has been a Fortune 50 executive, the CEO of some of the nation’s largest restaurant chains, and an entrepreneur.
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