Kona Grill at the Domain closes
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.