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...

Sbarro amends Chapter 11 plan to reduce debt

Sbarro Inc. has filed an Amended Disclosure Statement and related Amended Plan of Reorganization with the U.S.

Papa John's franchisee files for bankruptcy, paychecks on hold

An 84-unit Papa John's Pizza franchisee filed for bankruptcy earlier this week, a move that has held up paychecks for employees at its Colorado and Minnesota stores, despite those stores' continued operation. The Denver Post reports that PJCOMN Acquisition Corp. requested Chapter 11 protection on Sept.

Four Pizzeria Uno units close in Virginia

Four Pizzeria Uno restaurants in Virginia operated by ADC Development Group have closed.

Pizza Pizza announces Q2 results

Pizza Pizza Royalty Income Fund and Pizza Pizza Limited today announced results for the second quarter ended June 30, 2011. Second Quarter Highlights include: Same-store sales increased 3 percent. Earnings per unit before income taxes increased 6.2 percent. Payout ratio...

Sbarro plans bankuptcy exit strategy

Sbarro Inc. entered bankruptcy this year but has proposed a restructuring plan that would give ownership of the company to senior lenders. Under the terms of the proposed plan, Sbarro expects to reduce its debt by approximately 73 percent, or...

MaMa Rosa's under new ownership

Refrigerated pizza-maker MaMa Rosa's Pizza is now solely under the ownership of Huntsman Gay Global Capital. According to the Kansas City Business Journal, several Kansas City-area private equity firms sold to the Palo Alto, Calif., private equity firm that claimed...

CEC Entertainment reports Q2 financials

CEC Entertainment, Inc.,  parent company of Chuck E. Cheese's,  today announced its financial results for its second quarter ending July 3.

Papa John’s announces Q2 results

Papa John's International Inc. today announced revenues of $293.5 million for second quarter 2011, a 4.6 percent increase from revenues of $280.6 million for second quarter 2010.

Pizza Hut’s biggest franchisee reports Q2 earnings

NPC International Inc., the world's largest Pizza Hut franchisee, today reported results of its second fiscal quarter ending June 28. "During the second quarter our comparable store sales strengthened from our first quarter results while continuing to roll over very...

Canadian restaurants protest subsidy for food plant

The head of Canada's restaurant lobby is speaking out against the government's decision to give $7 million of taxpayer money to a German food company for a London pizza plant. According to the Toronto Sun, the Ontario government spent the money to land the Dr. Oetker plant, which makes frozen, ready-to-go pizza.

Domino's subsidiaries to refinance debt

Domino's Pizza Inc. today announced that some of its subsidiaries intend to refinance their outstanding securitization debt.

Restaurant data breach highlights vulnerabilities

The payment-card data breach at a Margarita's restaurant in Huntsville, Texas, is shedding further light on the vulnerability restaurants face from debit- and credit-card hackers. Investigators do not believe any of the employees were involved in the breach that impacted...

Domino's Q2 sales are up

Domino's Pizza Inc. today announced results for the second quarter ended June 19.

Heat may be to blame for lagging Swiss Domino’s sales

Global Brands, the company that owns the Domino's Pizza franchise in Switzerland, Luxembourg and Liechtenstein, saw sales in the first half of 2011 rise by 15.4 percent over the same period last year.

Flippin' Pizza testing mobile wallet

United States restaurants may be another step closer to allowing customers to pay with their mobile phones. MobilePayUSA, a division of Irvine, Calif.-based Universal Commerce Inc., announced it is testing a private beta version of its mobile wallet product in...

Yum! franchisee in Canada sells majority of units

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....

NRA’s restaurant industry outlook remains positive

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...

CPK to be acquired by Golden Gate Capital

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.

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