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Article: Shoney's to close 72 Restaurants, set to expand Capain D's brand

Article from:
Charleston Daily Mail
Article date:
September 28, 1999
Copyright

THE ASSOCIATED PRESS

NASHVILLE - Shoney's Inc. plans to use some of the money it saves by closing 72 struggling Shoney's restaurants to expand its Captain D's brand.

"Since the name of the company is Shoney's, sometimes people forget we also have Captain D's, which is doing extremely well," Raymond D. Schoenbaum, chairman of the board of the Nashville-based Shoney's, said Monday.

"We decided we're not going to shore up (Shoney's) stores that are losing money. We'll take some of that money and reallocate it to grow Captain D's."

No stores in West Virginia will be closed.

Shoney's owns 665 Captain D's restaurants, and 365 Shoney's, as well as several Pargo's and Fifth Quarter restaurants. In ...

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