Peltz’s Trian Fund acquires stake in Domino’s Pizza

Billionaire Nelson Peltz's Trian Fund Management LP has acquired a 9.7 percent stake in Domino's Pizza. According to Bloomberg, Peltz's hedge fund now holds 6 million shares in the pizza company, valued at about $140.1 million. The deal was filed with the U.S.

Giordano’s operations continue through Chapter 11 proceedings

Philip V. Martino was appointed as the Chapter 11 trustee for Giordano's Enterprises Inc., Giordano's Franchise Inc., Americana Foods Inc.

Brazil Fast Food Corp. Q1 sales jump 15 percent

Brazil Fast Food Corp., a Yum! Brands franchisee and the second largest quick-service restaurant chain in Brazil, has announced financial results for the first quarter ended March 31. Highlights include a systemwide sales jump of 15.3 percent from the first...

Yum! sets $586MM offer for China’s Little Sheep

Yum! Brands' footprint in China is about to get even bigger. The company announced today that it has offered to buy China's Little Sheep for $586 million, which would cover Hot Pot Cuisine, a chain characterized by its proprietary soup...

Technomic: Consumer concerns grow over gas and food costs

Out of the recession does not necessarily mean out of the woods. In its most recent consumer behavior survey, Technomic Inc., the Chicago-based food industry research firm, found that 84 percent of consumers believe that grocery prices have risen in...

California Pizza Kitchen Q1 revenue down slightly

California Pizza Kitchen Inc. reported financial results for the first quarter ending April 3, including a 0.5 percent decrease in revenues from the same quarter last year.

Chuck E. Cheese’s parent company’s profits up

CEC Entertainment Inc., parent company of Chuck E. Cheese's, announced financial results for the first quarter ended April 3. Total revenues for the quarter were up 4.1 percent to $256.4 million from $246.3 million in Q1 '10.

Domino’s first quarter revenue up

Domino's Pizza Inc. experienced a 1.4 percent decline in U.S.

Papa John’s turns in strong first quarter

Louisville, Ky.-based Papa John's International Inc. announced its first quarter results that included a systemwide sales increase of 6.1 percent for North America units, and a 5.6 percent boost for international stores. Earnings per share increased 18.5 percent over the same period last year.

Papa John’s International franchisee goes public

WorldWide Papa's Plc., the exclusive area developer of Papa John's restaurants in St. Petersburg and the Leningrad region of Russia, is now listed on the Deutsche Böerse - Frankfurt Open Market (FSE) under the stock symbol "1PJ.F." The company officially went public with the ringing of the bell Feb.

Domino’s announces earnings call

Ann Arbor, Mich.-based Domino's Pizza Inc. will hold its first quarter 2011 earnings conference call at 11 a.m.

NPC International reports drop in sales

Kansas-based NPC International, the world's largest Pizza Hut franchisee, reported results for its first fiscal quarter ended March 29. The results included a comparable store sales decrease of 4.7 percent compared to an increase of 10.2 percent over the same...

GE Capital, Franchise Finance offers funds to Church’s, Little Caesars operator

GE Capital, Franchise Finance provided a $7.5 million credit facility to Houston-based MSK Enterprises LLC, which operates 16 Church's Chicken units and 12 Little Caesars units throughout Texas and Arkansas. The financing helped fund the acquisition of an additional 14...

Chuck E. Cheese Board member retires

Larry T. McDowell will retire from CEC Entertainment Inc.'s board of directors later this week, according to Dallas' Citybizlist. CEC Entertainment Inc., parent company of Chuck E.

Pizza Hut’s largest franchisee sets results call

Overland Park, Kan.-based NPC International Inc., the world's largest Pizza Hut franchisee, has set its 2011 first fiscal quarter results conference call for April 29 at 9 a.m. Central Time. The call can be accessed in the U.S.

Hay Group & CRCA: Restaurant salary freezes thawing

According to a recent survey released by management consulting firm Hay Group and the Chain Restaurant Compensation Association (CRCA), the restaurant industry is lifting the salary increase freeze that took hold for the last two years. According to the survey...

Webinar to focus on new changes to PCI standards

Vendor Safe Technologies and will present a webinar May 3 addressing changes to the Payment Card Industry Data Security Standard (PCI DSS) and its impact on restaurant operations. The changes are being touted as PCI DSS 2.0.

Restaurant operators ask Congress to support debit-card swipe fee reforms

Nearly 500 restaurateurs from 44 states are on Capitol Hill today calling on their congressional members to fight the tactics of big banks and debit-card companies seeking to halt much-needed reforms to a broken market for debit-card swipe fees. The...

GE Capital: Expect slow, steady restaurant industry gains

GE Capital, Franchise Finance held its Restaurant Leadership Conference last week. The conference included results from the 21st edition of the Chain Restaurant Industry Review.

Sbarro files for Chapter 11

After much speculation about its financial struggles, Melville, N.Y.-based Sbarro Inc., the ubiquitous shopping mall pizza presence, has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. Sbarro Inc., and its domestic...

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