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...

Sbarro prepares for Chapter 11 filing

After closing a chunk of stores earlier this year, Sbarro Inc. is preparing to file for bankruptcy protection, maybe as early as next week, according to the Wall Street Journal. The shopping mall pizza staple is rumored to be in...

Canadian Yum! brands franchisee files for bankruptcy

Priszm Income Fund, which owns about 430 Yum! Brands restaurants in Canada, has filed for bankruptcy protection. The move follows an order from the Ontario Superior Court of Justice. Priszm released a statement saying that the filing was made to...

Yum! Brands sets conference schedule

Louisville, Ky.-based Yum! Brands, parent company of Taco Bell, Pizza Hut and KFC, will present at the Bank of America Merrill Lynch Consumer Conference March 9 in New York City.

Papa John’s promotes new CFO

David Flanery, Papa John's International Inc.’s chief financial officer, has announced his intention to retire in May after serving 16 years with the company. Lance Tucker will transition into the role upon Flanery’s departure. Flanery joined Louisville, Ky.-based Papa John’s...

Ireland’s Four Star Pizza rescued by hotelier

Four Star Pizza, which is owned by Zowington and has locations throughout Ireland, has been bought by Gonville Ltd. after struggling with creditors since last year. Gonville is owned by hotelier Michael Holland. According to the Irish Times, the company...

Papa John’s revenues up from 2009

Papa John’s International Inc., headquartered in Louisville, Ky., has reported its fourth quarter and full-year 2010 results, including 21 percent franchise system sales growth in Q4 '10. Revenues for the quarter were $286.8 million, representing an increase of 5.2 percent...

Pizza Hut franchisee reports strong 2010 results

NPC International Inc., the world’s largest Pizza Hut franchisee with 1,136 restaurants and delivery units in 28 states, has reported results for its fourth fiscal quarter and year ended Dec. 28. Fourth quarter highlights include: Comparable store sales increased 8.8 percent, rolling over a decrease of -10.5 percent last year.

NRA urges Congress to lower swipe fees

The National Restaurant Association has sent a letter to every member of the U.S. House Financial Services Committee this week, urging them to support full and swift implementation of the Durbin Amendment, which was passed in the House last summer...

Giordano’s files for bankruptcy

Giordano’s, which claims itself to be the world’s most famous stuffed pizza, has filed for Chapter 11 protection in U.S. Bankruptcy Court in Chicago, where the company is headquartered. According to the Wall Street Journal, the filing was made Wednesday,...

Canada’s Pizza Pizza posts 2010 results

Pizza Pizza Royalty Income Fund, headquartered in Toronto, announced its fourth quarter and 2010 results ended Dec. 31. Total sales for restaurants in 2010 increased 1 percent to $455.8 million compared to $451.4 million in 2009.

Brazil Fast Food 2010 sales up 12 percent

Brazil Fast Food Corp., which operates almost 800 Yum! Brands units in Brazil, including KFC and Pizza Hut São Paulo, announced financial results for the fourth quarter and fiscal year ended Dec. 31. For the year, systemwide sales were up 12.3 percent from 2009, while revenue was up 11.6 percent.

Domino’s UK drops ‘Talent’ sponsorship

The reality television show that launched Susan Boyle’s career has lost one of its major sponsors. Domino’s Pizza U.K.

Canada's Boston Pizza reports record earnings

Richmond, British Columbia-based Boston Pizza Royalties Income Fund and Boston Pizza International Inc. each reported financial results for the fourth quarter period, Oct.

CEC Entertainment announces earnings call

CEC Entertainment Inc. will host a conference call with investors Feb.

Round Table Pizza files for Chapter 11

Concord, Calif.-based Round Table Pizza, which includes 470 franchise- and company-owned stores, has filed a petition for protection under Chapter 11 with the U.S. Bankruptcy Court in Oakland, Calif. The move is anticipated to improve the company's cash flow and...

Canada’s Pizza Pizza adds to royalty pool

Toronto-based Pizza Pizza Royalty Income Fund and Pizza Pizza Limited announced that effective Jan. 1, 2011, the pool of restaurants on which royalties are paid to the fund by PPL has been increased to include 24 new Pizza Pizza restaurants and seven new Pizza 73 restaurants. Of the 24 new Pizza Pizza restaurants opened between Jan.

Yum! names new VP, corporate controller

Louisville, Ky.-based Yum! Brands has promoted David Russell to the position of vice president, corporate controller, effective Feb. 18.

Fledgling Empire Pizza ready for growth

A Watertown, N.Y. staple is the first eating establishment to be purchased by the newly formed Empire Pizza Holdings Inc. Mariano's Pizza was bought by Seaway Valley Capital Corporation's former holding Wisebuys Inc. Wisebuys has filed with the State of Florida to change its name to Empire Pizza Holdings Inc.

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