After two failed attempts, Triarc will purchase Wendy’s for $2.34 billion.
Three franchisee groups plan to open 150 new restaurants in the city, selling out Phoenix.
The company reported strong worldwide net revenue growth of 7 percent.
The company agreed to terms with Pillsbury, Winthrop, Shaw, Pittman LLP, to pursue the necessary steps to take the company public.
Geared specifically for small businesses, BizTrader.com’s services incorporate Web 2.0 functionality including blogging, message boards, and RSS feeds.
According to the 2008 BrandZ Top 100 Most Powerful Brands, the industry category continues to be one of the fastest growing in terms of brand value growth, rising by 27 percent over last year.
The combined company will create the food industry’s leading supply chain network, and will be uniquely capable of delivering a complete supply chain solution to both the retail and foodservice channels.
The net loss for the fourth quarter was $31.8 million, or $0.50 per share.
The store is part of a 21-store agreement to open Einstein Bros. franchise locations throughout northern Florida.
The organic burger concept has signed three multiunit franchising deals, bringing 12 new units to New Jersey, Washington, D.C., and Northern Virginia.
The transaction is valued at approximately $2.1 billion, including the assumption of Enodis’ net debt (approximately $207 million as of September 29, 2007).
Hospitality EPoS Systems is a leading technology supplier to the U.K. hospitality market for more than 16 years.
Figaro’s Italian Pizza has purchased competitor Pizza Schmizza.
The company’s same unit corporate café sales increased 4.5 percent for March 2008 over the same period in 2007.
The company hopes offering $4 pizzas will give price-conscious consumers a break at dinner time.
Appraisals often are associated with annoyance—the mere thought of paying good money for someone to come into your restaurant and snoop around everything from the kitchen to your bookkeeping makes many operators cringe. But these valuations are a necessary part of doing business, particularly in the fast-food arena, where changes like the expiration of leases […]
The company hopes to capitalize on budget-conscious consumers amid the economic slowdown.
The investor presentation by Sonic’s management will be part of the JPMorgan Gaming, Lodging & Restaurants Conference.
Murphy Adams Restaurant Group has purchased the rights to the Mama Fu’s Asian House brand in the U.S. and Mexico.
Systemwide sales for McDonald’s worldwide restaurants increased 19.9 percent in February, or 13.2 percent in constant currencies.
The current Small Business Food & Beverage Industry Index is 3 points lower than the 33.67 reported for all U.S. small businesses during the fourth quarter of last year.
Corporate Café sales increased by 16.17 percent for February 2008 compared to February 2007.
Carl’s Jr. saw a 1.4 percent increase in same-store sales, while sister brand, Hardee’s, saw same-stores sales increase by 1.6 during the same period.
The 500 largest U.S. restaurant chains registered slower growth rates, posting 5.1 percent annual sales growth in 2007.
September 27, 2007, was a big day in Soweto, a township of more than a million people just outside the South African city of Johannesburg. Former president and Nobel Peace Prize laureate Nelson Mandela and other dignitaries gathered with a local choir and a crowd of thousands to mark a very special occasion. It was […]
Pizza chain attributes net income drop to an increase in interest expenses and a decrease in domestic supply chain margins.
Halifax Group buys largest Papa John’s franchisee company.
The company announced today that its net income for the first quarter ended January 20 was $36.5 million.