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The computer-assisted text analysis was more accurate at predicting restaurants' demise than ratings alone (although it is most powerful when used in combination with numerical ratings).
Project Pie has announced a partnership with commercial real estate firm Newmark Grubb Knight Frank to help franchisees introduce the fast casual pizza concept in new markets. "This partnership with Newmark Grubb Knight Frank will elevate Project Pie to the...
Houston developer Asif Malik opened the store adjacent to NRG Stadium.
Despite increased consumer confidence, increased costs -- beef is up 39 percent -- are making it tough for restaurants to earn a profit.
Restaurant operators are unimpressed about the direction of the economy.
The restaurant owners say the surcharge isn't meant to make a political point, but is simply a way to cover the cost of healthcare for employees while negotiating razor-thin profit margins.
After a tumultuous few years that included bankruptcy and a dwindling mall crowd, Sbarro has decided to close 155 of its North American locations. According to Bloomberg, the closures are an effort to "improve the company's profitability." Only underperforming company-owned stores will be affected by the decision.
Yum! Brands Inc. has declared a dividend of $0.335 per share of common stock.
PizzaRev, an artisan pizza concept based in Los Angeles, today announced that Buffalo Wild Wings has taken a minority position in its new concept. Terms of the deal were not disclosed. "The PizzaRev team is thrilled to have Buffalo Wild...
Papa Murphy's reported its sales and growth milestones from 2012. In addition to expanding its national footprint to more than 1,325 locations, the chain achieved 25 record sales weeks during the year.
Franchise industry veteran Lynette McKee, CFE, announced today the launch of McKeeCo Services LLC, a franchising and development strategic advisory firm. McKeeCo Services will provide franchise consulting to foodservice, hospitality, retail and service brands seeking to grow or improve their...
Carryout has grown steadily in the past few years and now makes up about one-third of all U.S. orders.
Sentinel Capital Partners, a private equity firm that invests in lower-middle-market companies, today announced the sale of Southern California Pizza Company, the largest Pizza Hut franchisee in Southern California with 224 locations. Financial details of the transaction were not disclosed....
Seven out of 10 consumers (71 percent) now purchase beverages away from home twice a week or more often, up from 66 percent in 2010. According to market research firm Techmomic, as the economy continues to stabilize from the recession,...
Kum & Go and Casey's General Stores Inc. announced today they have signed an Asset Purchase Agreement for Casey's to acquire 22 convenience stores from Kum & Go.
California-based Blaze Fast-Fire'd Pizza announced that it has begun to accept franchise applications in key markets across the U.S. The company plans to build stores across California and select U.S.
Derrick Rose, Chicago Bulls' MVP point guard, has signed with Chicago-based Giordano's Famous Stuffed Pizza as an equity owner and as the brand's new national spokesperson. Beginning later this month, the pro basketball star known as "D-Rose" will begin appearing...
Toledo-based Marco's Pizza recently celebrated its 300th store opening. The Wheeling, Ill., unit is also the brand's first location in Illinois. Opening an average of one new store per week, Marco's Pizza now operates restaurants in 24 states and the...
Unique Pizza and Subs Corporation today announced that it has signed a definitive agreement to acquire privately held Pizza Fusion Holdings, with closing expected by the end of the third calendar quarter. Pizza Fusion will become a wholly owned subsidiary...
San Francisco's Patxi's Pizza, one of the fastest growing private companies in the country, will open its first Denver locations this fall in Cherry Creek at 185 Steele St., and in Englewood at Kent Place, 3455 South University Blvd. Patxi's...
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