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After grappling with financial issues for months, major Yum! Brands Canadian franchisee Priszm Income Fund has closed 30 of its locations in Ontario and British Columbia, and has received court approval to sell 204 units to Soul Restaurants Canada Inc....
Buoyed by positive same-store sales and solid optimism among restaurant operators for continued growth, the outlook for the restaurant industry remained positive in April. The National Restaurant Association’s Restaurant Performance Index (RPI) – a monthly composite index that tracks the...
More than a year after putting itself up for sale, California Pizza Kitchen Inc. and Golden Gate Capital today have announced that they have entered into a definitive agreement for $470 million, or $18.50 per share. This price was lower than expectations and its $20 52-week high set in May 2010.
Ann Arbor, Mich.-based Domino's Pizza Inc. plans to present at the Morgan Stanley Retail Conference at 1 p.m.
It looks like New York-based Sbarro Inc. won't be receiving Chapter 11 protection, after all.
Billionaire Nelson Peltz's Trian Fund Management LP has acquired a 9.7 percent stake in Domino's Pizza. According to Bloomberg, Peltz's hedge fund now holds 6 million shares in the pizza company, valued at about $140.1 million. The deal was filed with the U.S.
Philip V. Martino was appointed as the Chapter 11 trustee for Giordano's Enterprises Inc., Giordano's Franchise Inc., Americana Foods Inc.
Brazil Fast Food Corp., a Yum! Brands franchisee and the second largest quick-service restaurant chain in Brazil, has announced financial results for the first quarter ended March 31. Highlights include a systemwide sales jump of 15.3 percent from the first...
Yum! Brands' footprint in China is about to get even bigger. The company announced today that it has offered to buy China's Little Sheep for $586 million, which would cover Hot Pot Cuisine, a chain characterized by its proprietary soup...
Out of the recession does not necessarily mean out of the woods. In its most recent consumer behavior survey, Technomic Inc., the Chicago-based food industry research firm, found that 84 percent of consumers believe that grocery prices have risen in...
California Pizza Kitchen Inc. reported financial results for the first quarter ending April 3, including a 0.5 percent decrease in revenues from the same quarter last year.
CEC Entertainment Inc., parent company of Chuck E. Cheese's, announced financial results for the first quarter ended April 3. Total revenues for the quarter were up 4.1 percent to $256.4 million from $246.3 million in Q1 '10.
Domino's Pizza Inc. experienced a 1.4 percent decline in U.S.
Louisville, Ky.-based Papa John's International Inc. announced its first quarter results that included a systemwide sales increase of 6.1 percent for North America units, and a 5.6 percent boost for international stores. Earnings per share increased 18.5 percent over the same period last year.
WorldWide Papa's Plc., the exclusive area developer of Papa John's restaurants in St. Petersburg and the Leningrad region of Russia, is now listed on the Deutsche Böerse - Frankfurt Open Market (FSE) under the stock symbol "1PJ.F." The company officially went public with the ringing of the bell Feb.
Ann Arbor, Mich.-based Domino's Pizza Inc. will hold its first quarter 2011 earnings conference call at 11 a.m.
Kansas-based NPC International, the world's largest Pizza Hut franchisee, reported results for its first fiscal quarter ended March 29. The results included a comparable store sales decrease of 4.7 percent compared to an increase of 10.2 percent over the same...
GE Capital, Franchise Finance provided a $7.5 million credit facility to Houston-based MSK Enterprises LLC, which operates 16 Church's Chicken units and 12 Little Caesars units throughout Texas and Arkansas. The financing helped fund the acquisition of an additional 14...
Larry T. McDowell will retire from CEC Entertainment Inc.'s board of directors later this week, according to Dallas' Citybizlist. CEC Entertainment Inc., parent company of Chuck E.
Overland Park, Kan.-based NPC International Inc., the world's largest Pizza Hut franchisee, has set its 2011 first fiscal quarter results conference call for April 29 at 9 a.m. Central Time. The call can be accessed in the U.S.
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