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

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...

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.

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