Features, News & Blogs
Patxi's Pizza responds to settlement over health care lawPatxi's Chicago Pizza has agreed to a settlement agreement with San Francisco over allegations that the chain violated parts of the city's Healthy SF health care law. City officials claimed that Patxi's shortchanged employees between a 2009 and 2011 …
The National Restaurant Association's Marvin Irby has been named the recipient of the Nonprofit CFO of the Year Award. The award will be presented at a luncheon on Jan. 31, 2013, and honors contributions to nonprofit leadership that impact the …
Yum! Brands Inc. has announced the appointment of Michael J. Cavanagh, 46, to its board of directors. Cavanagh is the co-chief executive officer of JPMorgan Chase & Co.'s Corporate & Investment Bank based in New York City. The appointment …
Boston-based Upper Crust has closed 10 of its 17 restaurants in Massachusetts and Washington, D.C., as is navigates through bankruptcy. According to the Boston Herald, the company is trying to find a buyer. Mark G. DeGiacomo, the chain's bankruptcy …
GE Capital, Franchise Finance (GEFF) is rolling out a new Web tool, GE SmartChart, to its customers across the U.S. The tool was introduced at this week's Restaurant Finance & Development Conference in Las Vegas. GE SmartChart is designed to …
Papa John's boycott threatened over CEO's Obamacare commentsThis year's presidential election featured hot tempers on both sides, fueled by a record amount of money being poured into vitriolic campaign ads. And while some of that rage is dissipating, Papa John's is now finding itself in the middle of a …
Round Table Pizza Inc. has completed the refinancing of its senior debt. On Nov. 2, the company entered into a $35 million senior secured credit agreement with Summit Partners, a growth equity firm that makes equity and credit investments in growing …
Villa Enterprises Management Ltd. Inc. announced that it closed a seven-year, $15 million credit facility with Capital One Bank. Villa and its affiliated companies own, operate and franchise 329 quick-service and full-service restaurants in 38 …
Boston-based Upper Crust Pizzeria, which was founded in 2001 and now includes 16 locations, has filed for bankruptcy protection. According to Boston.com, Upper Crust defaulted on a loan issued by TD Bank, and now owes $3.4 million. The company has …
U.S. restaurant industry outlook: Slow and steady improvementWhile restaurants are naturally positioned as discretionary for consumer spending, there are some reasons to be optimistic in a still-sluggish economy. Bob Bielinski, CIT's managing director of corporate finance, spoke about the U.S. restaurant …
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