Asian fusion restaurant Kona Grill has closed its location at the Domain. It was the sole Austin-area location for the Arizona-based chain that operates in 20 states. The closure comes during a time of upheaval at the company. "Kona Grill, struggling with steeply falling sales, a revolving door at CEO, a lawsuit from one of its deposed executives, a potential stock delisting and a missed debt payment, could be forced into another, unfortunate move: bankruptcy," RestaurantBusinessOnline.com reported last week. Kona Grill's stock has plummeted over the last few years, dropping from about $27 a share in 2015 to its current price of thirty cents. The Domain closure comes as the restaurant group has shuttered other restaurants around the country.
Kona Grill at the Domain closes
