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Ralph Brennan unopposed in purchase of Brennan's name

Posted on 7/8/14 at 9:46 pm
Posted by Stadium Rat
Metairie
Member since Jul 2004
9558 posts
Posted on 7/8/14 at 9:46 pm


quote:

In less than 24 hours, restaurateur Ralph Brennan will bring the name Brennan's back to 417 Royal St., barring very unusual circumstances. The assets of Brennan's Inc., the company that once controlled the landmark French Quarter restaurant, will be auctioned Wednesday morning at 10 a.m. in the U.S. Bankruptcy Court of the Eastern District of Louisiana. But, as of Tuesday (July 8), there was only bidder, Ralph Brennan, who is offering $3 million (roughly $500,000 in cash and the rest in assorted assets).


NOLA.com
Posted by Matisyeezy
End of the bar, Drunk
Member since Feb 2012
16624 posts
Posted on 7/8/14 at 9:49 pm to
I thought they've been battling for rights to the name for years?
Posted by ladytiger118
Member since Aug 2009
20922 posts
Posted on 7/8/14 at 9:49 pm to
Hopefully they change that menu up entirely.
Posted by Stadium Rat
Metairie
Member since Jul 2004
9558 posts
Posted on 7/8/14 at 9:52 pm to
quote:

I thought they've been battling for rights to the name for years?

If you read the article, the corp running the restaurant filed Chapter 7 (liquidation) bankruptcy, so the assets, including the name, menu, wine and logo are up for grabs. Ralph's gonna pay $3 mill for that lot. I imagine the wine collection may be worth quite a bit. The $3 mil will go to creditors who are owed about $10 mil.
This post was edited on 7/8/14 at 10:10 pm
Posted by Matisyeezy
End of the bar, Drunk
Member since Feb 2012
16624 posts
Posted on 7/8/14 at 9:58 pm to
quote:

If you read the article


Ahhh, thanks. I don't click a lot of links when reading from my phone.
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7540 posts
Posted on 7/8/14 at 10:07 pm to
quote:

Hopefully they change that menu up entirely.

Yeah, I'd say the name is the least of their problems.
Posted by Stadium Rat
Metairie
Member since Jul 2004
9558 posts
Posted on 7/8/14 at 10:11 pm to
quote:

Hopefully they change that menu up entirely.

Well, obviously they're going to keep a lot of classic, traditional dishes that are untouchable on that menu.
Posted by Fun Bunch
New Orleans
Member since May 2008
115833 posts
Posted on 7/8/14 at 10:21 pm to
My understanding is they have a brand new chef and the menu will keep some favorites but otherwise will be drastically modernized.
Posted by OldHickory
New Orleans
Member since Apr 2012
10602 posts
Posted on 7/8/14 at 11:21 pm to
I predict that by this time next year Brennan's will be the place to be. I'm looking forward to seeing what they do with the new place.
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7540 posts
Posted on 7/9/14 at 12:07 am to
quote:

I predict that by this time next year Brennan's will be the place to be. I'm looking forward to seeing what they do with the new place.

You may be right. Lots of places get undue praise.

My money is on Brennan's being another better than average boring restaurant. Their family has made a fortune with that formula. They must own 15 high end/expensive restaurants and 1 (Commanders) is a top 10 type place.
Posted by ELLSSUU
Member since Jan 2005
7323 posts
Posted on 7/9/14 at 5:37 am to
There are some inaccuracies in that article. Buyer beware.

The menu is changing. It will be much more exciting.
Posted by pnut53088
New Orleans
Member since Jan 2009
2312 posts
Posted on 7/9/14 at 7:15 am to
Slade Rushing is supposed to be the executive chef. Wonder what that means for MiLa
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 7/9/14 at 7:27 am to
Commanders
Dickie Brennan's Steakhouse
Bourbon house
Cafe Adelaide
Ralph's on the Park
Mr B's
Red Fish Grill
Palace Café
Bacco
New Brennan's

There is more?

Why do they all have to be top 10? There are certainly some really good places in that bunch.

Posted by VOR
Member since Apr 2009
63511 posts
Posted on 7/9/14 at 7:57 am to
I remember someone on the board giving me grief when I suggested that the restaurant would be called Brennan's.
Posted by notiger1997
Metairie
Member since May 2009
58131 posts
Posted on 7/9/14 at 8:04 am to
quote:

My money is on Brennan's being another better than average boring restaurant


Yep. Ralph himself specializes in this concept very well.
With Slade coming on board, you never know though.
Posted by ladytiger118
Member since Aug 2009
20922 posts
Posted on 7/9/14 at 8:27 am to
That's true...I'm thinking with him as Executive Chef that it could be worth trying. But I'm not too crazy about going out of my way to try a Brennan's restaurant when there are so many other better restaurants that I want to try.
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7540 posts
Posted on 7/9/14 at 9:36 am to
quote:

Why do they all have to be top 10?

Who said they all had to be top 10?

You listed quite a few places and only 1 even sniffs the top 10.
Posted by BlackenedOut
The Big Sleazy
Member since Feb 2011
5804 posts
Posted on 7/9/14 at 9:40 am to
Ralph runs tight operations which are focused on the bottom line (he is a CPA by trade), but they are usually solid in food and service. However, the wrinkle in this relationship is the inclusion of Terry White (google snow white deb party new orleans).

If I had to guess, new Brennan's will be a big player in fine dining in no time with excellent food, a deep and noteworthy wine cellar, and top notch service.
Posted by Gris Gris
OTIS!NO RULES FOR SAUCES ON STEAK!!
Member since Feb 2008
47381 posts
Posted on 7/9/14 at 9:47 am to
quote:

If I had to guess, new Brennan's will be a big player in fine dining in no time with excellent food, a deep and noteworthy wine cellar, and top notch service.



This is exactly what I'm expecting in order that the restaurant become financially successful.
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7540 posts
Posted on 7/9/14 at 10:10 am to
quote:

Ralph runs tight operations which are focused on the bottom line (he is a CPA by trade),

I agree, but I go to a CPA for my taxes not my meals.

quote:

However, the wrinkle in this relationship is the inclusion of Terry White

quote:

If I had to guess, new Brennan's will be a big player in fine dining in no time with excellent food, a deep and noteworthy wine cellar, and top notch service.

Time will tell. I hope you're right, and he gives TW the freedom to develop an interesting menu.
I doubt they will, few restaurants in the quarter are very adventerous. They largely cater to tourists who are looking for something familiar. Revolution has one of the largest menus in town because they're trying to cater to everyone, and I'm not sure that's a viable business model.
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