IHOP Corp. chairman and chief executive Julia A. Stewart is poised to lead the country’s largest casual-dining brand, Applebee’s Neighborhood Grill & Bar, with her company’s pending $2.1 billion purchase of the chain...
NEW YORK Higher menu prices and lowered earnings expectations are in the cards for many restaurant companies, given their experiences in the second quarter and an increasingly challenging business environment. ...
GLENDALE CALIF. IHOP Corp. completes its pending $2.1 billion acquisition of Applebee’s International Inc., it could create a company that boasts systemwide sales of $6.8 billion and, in time, two successful...
SAN FRANCISCO —The outlook for second-quarter financial results, which are expected to begin flooding in this week and next from the restaurant industry’s largest public companies, is not good, according...
INDIANAPOLIS —An investor group that includes the parent of Lone Star Steakhouse & Saloon disclosed last month that it had amassed a 9.5-percent stake in family-dining company The Steak n Shake Co. with...
LOS ANGELES Frandeli Group LLC, a foodservice-focused venture fund and 50-unit Papa John’s Pizza franchisee based here, is plotting a turnaround for the recently stagnant Spaghetti Warehouse system following Frandeli...
WILBRAHAM MASS. Friendly Ice Cream Corp. agreed June 17 to an acquisition of the company by an affiliate of Sun Capital Partners Inc. for $15.50 per share in cash, or about $337.2 million. ...
Lower-than-expected May same-store sales and concerns that competition and gas prices will worsen before they get better have operators bracing for a summer season that’s not so hot.As disappointing late-spring same...
NATIONAL REPORT The first companies to report May same-store sales results did not have positive news to share Wednesday, as Outback Steakhouse parent OSI Restaurant Partners posted declines at four of its casual...
With gas prices hitting a national average of $3.18 per gallon just before Memorial Day, a record high even when adjusted for inflation, research points to a summer travel season of reduced consumer spending...
