GLENDALE Calif. IHOP Corp. on Tuesday said it would sell and leaseback the properties of 187 corporate Applebee's Neighborhood Grill & Bar units to garner proceeds of $347 million before taxes. After-tax proceeds are expected to total $294 million...
In 1989, chef Chris Ponte was working as a sous chef at The Pepper Mill Restaurant in Clearwater, Fla. One of the regulars was a retiree named John Manning who always requested simple meals, such as clear broth and unseasoned fish. Some chefs will...
Like an old friend, Harrah’s Steak House is comfortable to be around, a familiar, relaxing oasis in a busy world. Now in its 41st year, the restaurant is located on the lower level of Harrah’s Reno Hotel & Casino. It was here in...
CULVER CITY Calif. Plans to sell the Sizzler steak brand have been put on hold because of declining conditions in the financial markets, officials were scheduled to announce Monday. Sydney, Australia-based Pacific Equity Partners, the...
CALABASAS HILLS Calif. Howard Gordon, senior vice president of business development and marketing for The Cheesecake Factory Inc., is leaving the company this year to launch his own firm, the Gordon Group, specializing in brand consulting and...
WASHINGTON Foodservice industry officials are hopeful that Congress' passage this week of the $307 billion farm bill will help ease the soaring food inflation that has battered restaurant businesses. Approved by an apparent veto-proof...
GREENWOOD VILLAGE Colo. Red Robin Gourmet Burgers Inc. is asking its shareholders to ignore a recommendation by ISS, a New York proxy advisory firm, to vote against an equity incentive plan and deny former Sonic Inc. president Pattye Moore a seat...
WEST PALM BEACH Fla. The bankrupt Roadhouse Grill is closing its remaining 20 company stores after a loan fell through, leaving it unable to bring its leases current. Roadhouse Grill, which filed for bankruptcy for the second time last...
NASHVILLE Tenn. O’Charley’s Inc., operator or franchisor of 364 restaurants under three brands, posted a 34-percent jump in its first-quarter profit as a large income tax benefit and reduced operating costs offset the company’s stalled sales. ...
CARLSBAD Calif. Rubio’s Restaurants Inc., operator or franchisor of 106 namesake Baja-inspired restaurants, swung to a loss in the first quarter as increased costs and reduced guest traffic hurt the growing chain. For the quarter ended...
