Financing in place to kick off Carmela's Pizzeria franchising

Parent company Greenfield Farms Food Inc. announced that it has completed financing arrangements for the first phase of its franchising program for its Carmela's Pizzeria concept.

Boston Pizza adds 12 restaurants to the royalty pool

Boston Pizza Royalties Income Fund and Boston Pizza International Inc. announced that effective immediately, the fund's royalty pool has been adjusted to include the royalties from 12 new full-service restaurants opened across Canada in 2013. This marks the 12th consecutive annual increase of royalties payable to the fund.

Yum! Brands declares quarterly dividend

Yum! Brands Inc.'s board of directors has authorized the company to repurchase up to $750 million in additional shares of common stock and declared a dividend of $0.37 per share of common stock. The quarterly dividend will be distributed Feb.7,...

Balboa Capital named as approved lender for Domino's franchisees

Balboa Capital has been selected as an approved lender for Domino's Pizza franchise owners nationwide. Balboa Capital will provide its portfolio of financing options to franchisees who need funding for technology, equipment acquisition, working capital, store acquisitions and re-imaging. "We...

Yum! Brands' quarterly dividend increased by 10 percent

Yum! Brands Inc.'s board of directors has approved a 10-percent increase in the company's quarterly dividend. The quarterly cash dividend will increase from $0.335 to $0.37 per share and will be effective with the dividend payment to be distributed on Nov.

Lou Malnati's leverages Chase's 'Main Street' financing program

This week, Chase launched Mission Main Street, a multimedia advertising and lending campaign that focuses on success stories from a business owner's perspective. Nominated by bankers for their unique stories, nine out of more than 4 million businesses served by...

Restaurants applaud swipe fee ruling

A judge from the U.S. District Court from Washington, D.C., ruled Wednesday in favor of a lower cap on fees charged by banks for debit card transactions at retailers. Judge Richard Leon's ruling stated that the Federal Reserve ignored the...

Is Papa Murphy's ready to go public?

Take-and-bake chain Papa Murphy's may soon be part of the stock market. Sources told Reuters this week that the Washington-based company is "close to selecting banks" for an IPO that could come by the end of this year. Papa Murphy's has been owned by Lee Equity Partners since 2010.

Minimum wage debate sends restaurant stocks into tailspin

The day after President Obama proposed an increase in the federal minimum wage — from the current $7.25 to $9 — during his State of the Union address, shares of McDonald's fell hard. Marketwatch reported that Wednesday's performance of the...

NRA's CFO receives award

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.

JPMorgan Chase CEO joins Yum! Brands' board

Yum! Brands Inc. has announced the appointment of Michael J.

Upper Crust closes 10 units amidst bankruptcy battle

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.

GE Capital launches restaurant finance Web tool

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...

Round Table refinances senior debt

Round Table Pizza Inc. has completed the refinancing of its senior debt.

Villa Enterprises secures $15M to fund acquisitions

Villa Enterprises Management Ltd. Inc.

Upper Crust Pizzeria files for bankruptcy protection

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...

Yum! Brands increases dividend by 18 percent

Yum! Brands Inc.'s board of directors approved an 18-percent increase in the company's quarterly dividend. The quarterly cash dividend will increase from 28.5 cents to 33.5 cents per share and will be effective with the dividend payment to be distributed on Nov.

Australian franchisor acquires Crust Gourmet Pizza Bars

Australian retail food brand manager and franchisor Retail Food Group Limited announced its entry into a conditional Sale & Purchase Agreement (SPA) to acquire the Crust Gourmet Pizza Bars brand system. First established in Sydney in late 2001, Crust has...

QSR franchisee lending up 28 percent this year

Lending to franchise businesses decreased by 3.64 percent from June to July following a 5.73 percent increase in June, according to the Franchise Lending Index from the International Franchise Association (IFA) and BoeFly, an online marketplace connecting small business borrowers...

Papa John's announces three senior level promotions

Papa John's International Inc. has announced that Tony Thompson has been promoted to chief operating officer and president, PJ Food Service. Thompson, who most recently served as executive vice president, Global Operations and president, PJ Food Service, will continue to...

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