Who Owns Kona Grill? (Solution found)

Kona Grill was bought for $25 million by STK’s parent business, One Hospitality Group, in the year 2019.

Is Kona Grill out of business?

Kona filed for bankruptcy in April, claiming that a stock repurchase and the decision to quadruple the number of restaurants at a time when customer traffic was beginning to decline had impacted its liquidity. The company had around $74 million in debt at the time of the filing.

Who owns Kona cafe?

Raymond Suiter has dedicated his life’s work to Kona coffee – to bringing out the finest in it and getting it to the people. He is a native of Seattle who moved to Hawaii more than 30 years ago, when he was inspired to establish his first coffee company out of a little kiosk with only him and a bag of coffee beans.

What happened Kona Grill stock?

It was a publicly traded firm whose stock was traded on the Nasdaq Global stock market before it was acquired by Burger King. As is customary in a Chapter 11 proceeding, the Company’s shares was delisted from the Nasdaq on April 25, 2019, and it is expected to trade over the counter on the Pink Sheets throughout the court-supervised restructuring process.

Why did Kona Grill close?

Kona Grill, situated in Arizona, filed for Chapter 11 bankruptcy protection in the spring of 2018. [WATCH: What does the future of Kona Grill look like?] [WATCH: According to the Kona Grill website, the firm filed for bankruptcy in order to “ease the continuing selling process,” which is now underway.

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Where is Kona Grill from?

Conveniently located in Scottsdale, Arizona, Kona Grill, Inc. is an upmarket casual restaurant company that specializes in American food, sushi, and beverages.

How many Kona Grill locations are there?

Raymond Suiter is the Founder and President of Kona Coffee Purveyors, according to his LinkedIn profile.

What does the word Kona mean?

In Hawaiian, the word Kona means “Leeward.”

Where are Kona coffee beans grown?

In the Hawaiian language, Kona coffee refers to coffee that has been cultivated in the Kona region of the island of Hawaii, which is also known as the “Big Island.” Kona coffee is one of the most highly appreciated forms of coffee farmed in the United States, because to a long history of family farming and a distinctive volcanic environment.

Is Kona Grill a good stock to buy?

If you are seeking for stocks that will provide a decent return on your investment, Kona Grill Inc may be a suitable choice. With a five-year investment, revenue is predicted to increase by approximately 58.38 percent. Your present $100 investment might be worth as much as $158.38 in 2027 if nothing changes.

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