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Private-equity firm Centerbridge Capital Partners LP has purchased Rock Bottom Restaurants Inc., the owner of Old Chicago and Rock Bottom, as well as Gordon Biersch Brewery Restaurant Group Inc., the owner of the Gordon Biersch chain.
Detroit-based mortgage giant Quickens Loans announced several changes to top management today, including the replacement of longtime CEO Bill Emerson with company President Jay Farner. Emerson, who began as CEO in 2002, is now vice chairman of Rock Holdings, which is Quicken Loans' parent company.