The celebrity-themed restaurant, which once sported a stable of Hollywood stars as promoters and investors, is down to 10 company-owned locations and 25 franchised operations in Asia, Europe and the United States. Many of the Hollywood stars are no longer associated with the restaurant enterprise.
The firm, headed by British-born Robert I. Earl, had 60 active restaurants in 1999; 50 locations in February of this year and 40 in September. The company closed six locations in the last six weeks alone, vacating an estimated 180,000 sf of leased space, according to GlobeSt.com research.
The restaurants, each occupying an estimated average 30,000 sf, were in Washington, DC, Nashville, TN, San Diego, Atlanta, Baltimore and Seattle.
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