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IHOP Corp. Increases Share Repurchase Authorization

12.07.2010, 23:11

IHOP Corp. today announced that its Board of Directors has approved a 1 million share increase in the Company's share repurchase authorization, bringing the total authorization to 4.6 million shares.

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Since the inception of its share repurchase program in January 2003, IHOP has repurchased approximately 3.3 million shares out of a total previous authorization of 3.6 million shares as of August 28, 2005.

Brad Blum Announces Formation of New Company and Partnership with Ruby Tuesday, Inc.

11.04.2010, 03:11

Brad Blum, a top restaurant executive, today announced the formation of a new company, BLUM Enterprises, LLC, that offers two distinct areas of expertise in the restaurant industry -- enhancing the brand value of established restaurant companies to accelerate business performance and successfully developing new entrepreneurial restaurant concepts into strong, sustainable businesses.

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Mr. Blum also announced BLUM Enterprises' new strategic partnership with Ruby Tuesday, Inc. (NYSE: RI - News), a major player in the bar-and-grill segment of casual dining in the restaurant industry.

Luby's Announces Plans to Develop Two New Restaurants to Open

22.03.2010, 11:48

Luby's, Inc. today announced plans to begin development of two new cafeteria restaurants in the Texas market to open in 2007.

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The development process will include an enhanced cafeteria design, the purchase or lease of land in high growth areas and the construction of the new units..

Investment group urges Wendy's to spin off Tim Hortons

13.03.2010, 20:44

An investment group has made its intentions for Wendy's International Inc. plain -- it wants the company to spin off its Tim Hortons unit and sell most of its Wendy's restaurants to franchisees.

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The investment group, centered around New York-based Pershing Square Capital Management LP, outlined its proposal in a letter to Wendy's management, filed Tuesday with the Securities and Exchange Commission.

Fresh Choice Announces Agreement to Sponsor Proposed Plan Of Reorganization

06.02.2010, 11:28

Fresh Choice, Inc. (Pink Sheets:SALDQ - News; The "Company") announced today that it has entered into a letter agreement (the "Agreement") with the Official Committee of Unsecured Creditors appointed in the Company's case (the "Committee"), Crescent Real Estate Equities Limited Partnership ("Crescent") and Cedarlane Natural Foods, Inc. ("Cedarlane") whereby Crescent and Cedarlane will sponsor a recapitalization of the Company pursuant to a plan of reorganization.

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Crescent is the holder of 100% of the Company's Class B Preferred Stock. Cedarlane is a leading producer of Gourmet and organic food preparation and commissary operations with a specific focus on food of the same type and style as served at Fresh Choice restaurants.

Champps Americana Restaurants Celebrates Its 20th Anniversary with a Week-Long Party That Includes Food and Drink Specials and Many Local Events

26.01.2010, 21:32

Champps Entertainment, Inc. (NASDAQ:CMPP - News), owner and operator of Champps Americana restaurants nationwide, today announced that from Monday, June 6 to Sunday, June 12, the Columbia Champps will host an array of promotional events as well as food and drink specials that are geared towards both adults and families.

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Champps is offering this promotion to celebrate its 20th anniversary and to kick off the summer with a special thanks to the many patrons who have frequented Champps over the years.

Wendy's Trying to Solve Mystery of Finger

16.11.2009, 22:50

Somewhere out there is a woman, dead or alive, who is missing a well-manicured finger about 1 1/2 inches long. Authorities know where the finger ended up -- in a bowl of Wendy's chili -- but just who it belongs to is a mystery.

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Anna Ayala's claim that she bit down on the finger in a mouthful of her steamy stew on March 22 initially drew sympathy. But when police and health officials failed to find any missing digits among the workers involved in the restaurant's supply chain, suspicion fell on Ayala, and her story has become a late-night punch line.

Wendy's ups award in chili incident

02.10.2009, 17:01

SAN FRANCISCO (MarketWatch) - Wendy's International has doubled the amount of an award it will pay for information that could put an end to the mystery surrounding a woman's claim that she found a portion of a finger in a bowl of chili from one of its restaurants.

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Wendy's said Friday it will pay $100,000 to the first person to provide "verifiable" information about the origin of the "foreign object" found in the chili.

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The incident has caused sales to drop in the area and has bruised the chain's reputation nationally, said Wendy's.

Krispy Kreme Says KremeKo to Restructure

15.09.2009, 18:02

Krispy Kreme Says KremeKo Operations in Canada to Restructure; Company to Provide Financing

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WINSTON-SALEM, N.C. (AP) -- Krispy Kreme Doughnuts Inc. on Friday said KremeKo Inc. filed for a restructuring with the Ontario Superior Court of Justice. The doughnut shop operator, which has seen its own business decline in the past year, holds a 40.6 percent stake in KremeKo