|
|
Article: Private Portfolio.(Ground Round)
- Article from:
- Chain Leader
- Article date:
- October 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Tom Russo turned a struggling public chain company into a promising concept stable outside Wall Street's influence.
Tom Russo faced a far greater business challenge than he ever had. The former president of Ground Round--as well as Howard Johnson, Ponderosa, Hanson Industries and Miami Subs--had just completed a deal by which Boston Ventures took 80 percent control of Braintree, Mass.-based Ground Round, and Russo's management group received 20 percent. From the time he left Ground Round in 1985 and returned in October 1997, there had been four owners and eight presidents.
Three years later, after getting a struggling brand back to its feet and renaming ...
Related newspaper, magazine, and journal articles:
|