Newport Restaurant Group Pays $33 Million to Employee Owners Since 1995

Newport Restaurant Group, a 100% employee-owned hospitality company with 18 venues in Rhode Island and Massachusetts, has paid $33 million to its worker-shareholders since launching an employee stock ownership plan in 1995, offering a model for business succession as millions of small firms face ownership transitions.

This item was produced with AI assistance under the editorial responsibility of Haydamax OÜ.