CiCi's Pizza allocates $5 million for franchise funding

CiCi's Pizza has announced its new investment and financing programs to help existing and prospective franchisees with funding options to further address the challenges of today's lending environment. The new programs are part of the CiCi's "Build the Brand" initiative...

USDA projects temporary rise in chicken prices

A shortage of poultry is expected to drive up chicken prices for consumers, according to the recently released USDA Agricultural Projections to 2021 report, which was also featured in the February issue of Food Nutrition & Science. The USDA predicts...

Pizza Hut franchisee acquires 36 more units

Kansas-based NPC International Inc. has completed the acquisition of 36 Pizza Hut units, including five fee-owned properties located primarily in and around Jacksonville, Fla., for $18.8 million from Pizza Hut Inc. Thirty of the units acquired generated $27.8 million in...

Private equity firm buys stake in Anthony's Coal Fired Pizza

GE Capital, Franchise Finance has provided a $25 million credit facility to an affiliate of private equity firm The Quilvest Group to purchase a stake in Anthony's Coal Fired Pizza Inc. The financing includes a $17 million term loan and...

Pizza Inn profits drop on Pie Five investment

Pizza Inn profits drop on Pie Five investment

Pizza Inn Holdings Inc. reported results for the second quarter of fiscal year 2012, including a decrease in net income – from $0.3 million to $0.1 million – due to the investment costs of opening its new Pie Five concept.

Sbarro names new president and CEO in turnaround bid

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.

Epic Programs Group expands liability coverage for pizza delivery

Epic Programs Group, a managing underwriter and program administrator providing risk management and insurance solutions, has announced an expansion of coverage available in its newest program for delivery operators. Dubbed "SLICE" (safety, loss control, insurance, coverage, expertise), the program now...

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.

Papa John's announces 2012 franchise incentives

After a strong year of growth, including opening its 3,000th restaurant in North America, Papa John's is again offering franchisees an incentive package to grow within or join the company. Under Papa John's 2012 Development Incentive Program, qualifying restaurants opening...

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)...

Pizza Hut drops soccer stadium sponsorship

Pizza Hut Park in Dallas will be renamed FC Dallas Stadium after the Football Championship Subdivision title game is played on Jan. 7.

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...

KFC, Pizza Hut franchisees deploy cloud-based accounting software

Acumatica has announced that Kentucky Fried Chicken Management Pte Ltd. and Pizza Hut Singapore Pte Ltd.

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.

Report: Restaurant costs will continue to rise in 2012

Fitch Ratings, a global market credit opinion, research and data agency, expects U.S. restaurant food and beverage costs to rise by 5 percent or more in 2012, and increase for the second year in a row. Larger chains, however, are...

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...

Brazilian KFC, Pizza Hut franchisee posts positive sales again

Brazil Fast Food Corp., the second largest QSR chain in Brazil with 846 points of sale, including KFC and Pizza Hut São Paulo has announced financial results for the third quarter ended Sept. 30, 2011. Third Quarter 2011 highlights System-wide...

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