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    Industry News

  • KFC Corporation (KFCC) announced this week the launch of its second annual National Celebration of Family Sweepstakes. In a partnership with Black Entertainment Television, Inc. (BET) network, the national sweepstakes will select weekly winners via the Internet, to receive KFC gift certificates for their family gatherings.
    New York-based private equity firm Palladium Equity Partners has announced that it has signed a definitive agreement to acquire TB Corporation, parent of the Taco Bueno restaurant chain, from Jacobson Partners, another private equity firm based in New York.
    The U.S. Department of Agriculture confirmed Friday that a cow, previously negative for mad cow disease, has now tested positive for the lethal brain-wasting disease after a third round of examination. The animal did not enter the human food or animal feed supply, according to the National Cattlemens Beef Association (NCBA).
    As the already-famous Paris Hilton/Spicy BBQ Thickburger(TM) TV commercial begins airing in Hardee's® markets today, another Hardee's ad will make its debut for the chain's new Hand-Scooped Ice Cream Shakes & Malts(TM). The new commercial is yet another example of the brand's efforts to connect with its target audience of 18- to 34-year-old males through its advertising.
    Yum Brands Inc., owner of the KFC brand, and Rostik Restaurants Ltd., owner of a Russian chicken restaurant chain, have formed a partnership to develop fast-food restaurants in Russia, according to a news release.
    In honor of National Ice Cream Month, on Saturday, July 2 between 10 a.m. and noon, every Cold Stone Creamery location across the country will offer free tasting samples of the following ice cream flavors: Wasabi Ginger, Fruity Cereal, Black Licorice, Oatmeal Cookie Batter, and Tangerine Sorbet.
    At Pizza Inn's annual meeting of shareholders today, new Pizza Inn, Inc. President and CEO Tim Taft will discuss his vision for the future of the 47-year old pizza chain. Taft, who was appointed to his posts in April, will outline his 'Building a Better Pizza Inn' program to enhance brand recognition and improve market credibility.
    The SUBWAY® restaurant chain today announced the appointment of Dr. Steven Safier as senior vice president and chief administrative officer of the SUBWAY® Franchisee Advertising Fund Trust (SFAFT), which creates advertising and marketing programs that are designed to build sales and promote the image of the restaurant chain.
    Grotech Capital Group, the venture capital firm that led the acquisition of Captain D's from Dallas-based Lone Star Funds on Jan. 5, reportedly is in talks to buy the 7,603-unit Dunkin' Brands chain pending success of the French distillery giant Pernod Ricard's bid to take over Dunkin's London-based parent Allied Domecq.
    For two decades, Carl's Jr.® has been famous for its longtime favorite burger, the Western Bacon Cheeseburger®. Over the past 20 years, the popular menu item developed a loyal following and helped put the chain on the map.