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...

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),...

Sbarro's bankruptcy exit strategy approved by court

Sbarro Inc., along with its domestic subsidiaries, has announced that the U.S. Bankruptcy Court for the Southern District of New York has approved its plan of reorganization, clearing the way for Sbarro to emerge from Chapter 11 on Nov.

Figaro's Italian Pizza acquiring Nick-N-Willy's chain

Salem, Ore.-based Figaro's Italian Pizza Inc. has entered into an agreement to acquire the Nick-N-Willy's Pizza franchise, which is owned by World Famous Pizza Company Ltd.'s Colorado subsidiary, Nick-N-Willy's Franchise Company LLC. The letter of intent for the acquisition is dated Nov.

Pizza Hut franchisee posts positive comps for Q3

NPC International Inc., the largest Pizza Hut franchisee in the country with 1,153 restaurants in 28 states, has reported results for its third fiscal quarter ended Sept. 27, 2011. Q3 highlights include: Comparable store sales increased 0.4 percent rolling over...

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...

Chuck E. Cheese's Q3 takes a hit

CEC Entertainment Inc., parent company of Chuck E. Cheese's, has announced its financial results for the third quarter ended Oct.

Irish Pizza Hut franchisees win agreement injunction

Q Co. Franchising Ireland Ltd., the master franchise for Pizza Hut's delivery services in Ireland, has won a High Court injunction preventing termination of its franchise agreement. According to the Irish Examiner, Pizza Hut International LLC aimed to terminate the...

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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