Former Rosebud restaurant in Schaumburg gets familiar new name

The former Rosebud Old World Italian restaurant in Schaumburg has officially become "Chicago Prime Italian," its new owner announced Thursday.

If the name sounds familiar, that's probably because Chicago Prime Italian's owner, Andy-John Kalkounos, co-owns Chicago Prime Steakhouse in Schaumburg with his father. Kalkounos said the new restaurant will be operated in similar fashion to the steakhouse.

"The Chicago Prime Steakhouse has effectively established a standard of quality and service in this area since 1999," Kalkounos said in a news release Thursday. "With Chicago Prime Italian, we plan to uphold the brand's stellar reputation in every way."

The restaurant at 1370 Bank Drive had operated under the Rosebud name and with its existing staff since Jan. 1, when Kalkounos purchased it from Chicago-based Rosebud Restaurants.

"It was important to me that no one lost a paycheck due to the change of ownership, especially after the holidays" Kalkounos said. "The entire staff at this location chose to stay on with our new company and that stability is something I believe will benefit the restaurant, staff and the community."

The restaurant is open for lunch and dinner seven days a week.