Sbarro names new president and CEO in turnaround bid

The Board of Directors of Melville, N.Y.-based Sbarro Inc. has announced that James Greco, 54, has been named president and chief executive officer, effective immediately. Greco joins Sbarro from Bruegger's Enterprises, where he also served as CEO and led the bagel-bakery chain through strong performances and growth.

Restaurant performance at highest level in six years

Fueled by solid same-store sales and traffic results and a bullish outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) rose sharply in December. The RPI – a monthly composite index that tracks the health of and...

Boston Pizza adds seven new restaurants to royalty fund

Vancouver, British Columbia-based Boston Pizza International Inc. has adjusted its Royalties Income Fund to include the royalties from seven new restaurants which opened across Canada in 2011. All of the restaurants are full service. Also during that time period, from Jan.

Pizza Inn appoints new CFO

Texas-based Pizza Inn Holdings Inc. has named Jerome L.

Olympus completes purchase of Pizza Hut franchisee NPC

Stamford, Conn.-based Olympus Partners has acquired NPC International Inc., the largest Pizza Hut franchisee and the largest franchisee of any restaurant concept in the United States. The company operates 1,153 Pizza Hut units (approximately 19 percent of the domestic system)...

Restaurant industry performance at five-month high

Driven by positive same-store sales and an increasingly optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) rose to its highest level in five months. The RPI stood at 100.6 in November, up 0.6 percent from...

Pizza Hut franchisee closes sale of parent company

NPC International Inc., the largest Pizza Hut franchisee in the country, has announced the closing of the acquisition by NPC International Holdings Inc., a Delaware corporation, of all the outstanding membership interests of NPC Acquisition Holdings LLC. NPC Acquisition Holdings...

Papa John's raises earnings guidance

Papa John's International Inc. has released its 2012 operating assumptions and earnings guidance, and announced an increase in its 2011 earnings per share range to $2.15 to $2.20. The company projects 2012 earnings per share in the range of $2.33...

Round Table to emerge from bankruptcy this week

Concord, Calif.-based Round Table Pizza Inc., which filed for Chapter 11 protection in February, will emerge from bankruptcy this week, after confirming its consensual plan of reorganization Dec. 12. The plan was approved by the U.S.

CNBC names Domino's CEO top boss of the year

J. Patrick Doyle, Domino's Pizza president and CEO, has been recognized by CNBC as the "Berbie Winner" for best CEO of 2011. Under Doyle's leadership, the company's total debt has been reduced by $200 million since the end of 2007.

Restaurant Performance Index unchanged in October

The National Restaurant Association’s Restaurant Performance Index (RPI) stood at 100.0 in October, essentially unchanged from September’s level of 100.1. October’s steady RPI level was the result of softer sales and customer traffic being offset by a more optimistic outlook...

Russo's New York Pizzeria offers veteran franchise discounts

Russo's New York Pizzeria has announced its membership in the national VetFran Program and will immediately begin offering discounts to veterans of the U.S. Armed Forces who want to own a Russo's franchise. Russo's will provide a $10,000 credit toward...

Yum! Brands raises 2011 guidance

Yum! Brands Inc. has increased its full year 2011 EPS growth forecast to at least 13 percent, or $2.85 a share, excluding special items. The previous guidance was at least 12 percent. Yum! also has announced that it expects to...

Sbarro officially emerges from bankruptcy

New York-based Sbarro Inc., along with its domestic subsidiaries, has successfully emerged from Chapter 11, making its Plan of Reorganization effective today. The move reduces the company’s debt by more than 70 percent and provides access to $35 million of...

Yum! Brands adds member to board of directors

Yum! Brands Inc. has appointed Mirian M.

Giordano's sold to private equity group

Less than a year after filing for bankruptcy, Chicago staple Giordano's Enterprises Inc. has been sold to VPC Pizza Holdings LLC for $52 million. VPC Pizza Holdings is a a Delaware limited liability company formed by Victory Park Capital (VPC),...

Major Pizza Hut franchisee sold to Olympus Partners

NPC International Inc., the largest Pizza Hut franchisee in the country with 1,153 restaurants in 28 states, has announced that its parent company, NPC Acquisition Holdings LLC, has been sold to Olympus Partners. As part of the definitive purchase and...

Pizza Inn increases credit facility to grow Pie Five concept

Pizza Inn Holdings Inc. has added an amendment and restatement of its term loan credit facility with Amegy Bank to expand the term facility by $4.0 million, providing additional capacity for continued growth of company-owned Pie Five Pizza Co.

Papa John's franchisee gets funding from GE Capital

GE Capital, Franchise Finance recently completed a $9.5 million transaction with BAJCO Group, a Papa John's Pizza franchisee, for the refinancing of existing debt. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc. Faisal Bajwa, CFO, BAJCO...

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