WILBRAHAM Mass. Friendly Ice Cream Corp. has picked Omnicom Group’s Zimmerman Advertising of Fort Lauderdale, Fla., as agency of record for the company’s Friendly’s Restaurants chain. Zimmerman, the 15th largest agency in...
HOUSTON In the midst of a proxy battle over board seats at Luby’s Inc., independent proxy adviser Proxy Governance on Wednesday said shareholders of the cafeteria operator should vote to elect three of the four nominees on the dissident slate...
LOS ANGELES Hedge fund Farallon Capital Management LLC has increased its stake in California Pizza Kitchen to 7.3 percent, or around 2.1 million shares. Farallon and its funds bought the shares for about $8.6 million in aggregate at per...
BRENTWOOD Tenn. The 20-unit Santa Fe Cattle Co. steakhouse chain has been infused with $2 million in expansion capital through the sale of restricted stock to two hedge funds, parent Santa Fe Holding Co. said Thursday The proceeds will be...
MARYVILLE Tenn. Ruby Tuesday Inc. reported on Thursday that it expects a net loss in its second quarter ended Dec. 4 as slumping sales and remodeling costs took a toll on the casual-dining company. Preliminary results indicate that the...
MINNEAPOLIS Buffalo Wild Wings Inc. said it plans to purchase eight Don Pablo’s Mexican Restaurants from the bankrupt Avado Brands Inc. for around $1.2 million in cash. The wings specialist said in a statement on Thursday that it would likely...
MINNEAPOLIS Buca Inc., parent of the Buca di Beppo family-style Italian concept, said on Thursday that it would explore “strategic alternatives” that could include a recapitalization or sale of the company. The company said it had retained...
ORLANDO Fla. Darden Restaurants Inc. reported a 29.5-percent year-over-year drop in profit for the second quarter ended Nov. 25, with results weighed down by its October acquisition of Rare Hospitality International Inc., a “difficult consumer...