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The National Restaurant Association has sent a letter to every member of the U.S. House Financial Services Committee this week, urging them to support full and swift implementation of the Durbin Amendment, which was passed in the House last summer...
Giordano’s, which claims itself to be the world’s most famous stuffed pizza, has filed for Chapter 11 protection in U.S. Bankruptcy Court in Chicago, where the company is headquartered. According to the Wall Street Journal, the filing was made Wednesday,...
Pizza Pizza Royalty Income Fund, headquartered in Toronto, announced its fourth quarter and 2010 results ended Dec. 31. Total sales for restaurants in 2010 increased 1 percent to $455.8 million compared to $451.4 million in 2009.
Brazil Fast Food Corp., which operates almost 800 Yum! Brands units in Brazil, including KFC and Pizza Hut São Paulo, announced financial results for the fourth quarter and fiscal year ended Dec. 31. For the year, systemwide sales were up 12.3 percent from 2009, while revenue was up 11.6 percent.
The reality television show that launched Susan Boyle’s career has lost one of its major sponsors. Domino’s Pizza U.K.
Richmond, British Columbia-based Boston Pizza Royalties Income Fund and Boston Pizza International Inc. each reported financial results for the fourth quarter period, Oct.
CEC Entertainment Inc. will host a conference call with investors Feb.
Concord, Calif.-based Round Table Pizza, which includes 470 franchise- and company-owned stores, has filed a petition for protection under Chapter 11 with the U.S. Bankruptcy Court in Oakland, Calif. The move is anticipated to improve the company's cash flow and...
Toronto-based Pizza Pizza Royalty Income Fund and Pizza Pizza Limited announced that effective Jan. 1, 2011, the pool of restaurants on which royalties are paid to the fund by PPL has been increased to include 24 new Pizza Pizza restaurants and seven new Pizza 73 restaurants. Of the 24 new Pizza Pizza restaurants opened between Jan.
Louisville, Ky.-based Yum! Brands has promoted David Russell to the position of vice president, corporate controller, effective Feb. 18.
A Watertown, N.Y. staple is the first eating establishment to be purchased by the newly formed Empire Pizza Holdings Inc. Mariano's Pizza was bought by Seaway Valley Capital Corporation's former holding Wisebuys Inc. Wisebuys has filed with the State of Florida to change its name to Empire Pizza Holdings Inc.
As food companies and restaurant operators make hard fought attempts to keep from raising prices, U.S. consumers are bracing to pay more for their food in 2011, according to food market research by The NPD Group. “With food inflation accelerating...
Pizza Hut UK has tapped Mercer to provide de-risking services for the company’s 50 million pound (about $76 million) pension fund. Mercer’s investment strategy, which manages the plan’s assets against its liabilities, enables Pizza Hut’s fund to benefit from market...
Pizza Inn Inc. has signed an agreement to expand its term loan credit facility with Amegy Bank to $2.56 million.
A week after announcing a credit default and receiving a downgraded “junk” rating from Standard & Poor’s, Sbarro Inc. pizza chain may be closing some of its units. The 55-year-old, Melville-N.Y.-based company runs close to 1,000 restaurants in 30 countries....
Priszm Income Fund, owner of several Canadian KFC, Taco Bell and Pizza Hut locations, has withheld a $2 million franchise fee to Yum! Restaurants International while it restructures. According to Canadian Business, Priszm also recently withheld a $975,000 interest payment,...
Sbarro Inc. pizza chain has defaulted on a credit agreement and has hired Rothschild Inc.
Papa John's International Inc. has announced its projections for 2011, including a 16 percent increase in earnings per share and a global systemwide sales increase of 25 percent to 30 percent. The 2011 estimate does not include the impact of...
Mazzio’s Italian Eatery, a Tulsa, Okla.-based pizza chain, is the most recent addition to the Franchise Registry, a listing of approved Small Business Administration (SBA) companies. The Franchise Registry helps small business owners through cooperation between government and industry.
Papa John's has entered into a more flexible five-year revolving credit facility, according to Reuters. The credit line is for $175 million, and replaces one of the same amount. From the story: In a filing with the U.S.