Brinker reports decline in same-store sales
May 09, 2007
DALLAS Brinker International Inc. reported Wednesday negative same-store sales results at four of its chains for the fiscal month of April, marking the 13th consecutive period of reduced year-over-year sales results at its largest chain, the 1,318...
Operators, developers cooking up profitable partnerships
Operators, developers cooking up profitable partnerships
May 07, 2007
Most of the time, sugar daddies don’t intend to enrich the targets of their pursuits.But if the sugar daddy is a deep-pocketed developer courting a high-profile restaurateur to open marquee eateries in dazzling new condo, hotel, retail or...
Darden said to close 9 Bahama Breezes
May 07, 2007
ORLANDO Fla. While announcing the discontinuation of its Smokey Bones chain, Red Lobster parent Darden Restaurants Inc. quietly cut the size of its Bahama Breeze operation by about a third this weekend, with nine of the chain's 32 units closing...
Applebee’s cedes two board seats to Breeden, clears way for possible buyout
Applebee’s cedes two board seats to Breeden, clears way for possible buyout
May 07, 2007
OVERLAND PARK, KAN. Applebee’s International Inc. has defused a looming proxy battle with dissident shareholder Richard C. Breeden by giving him and one of his nominees seats on its board of directors—a move that one analyst said could clear the...
Casual chains tap Kobe cachet to beef up menus
Casual chains tap Kobe cachet to beef up menus
May 07, 2007
NEWPORT BEACH, CALIF. —Chopped American Kobe beef with a mushroom-Burgundy sauce? Kobe-style beef sliders on briochelike King’s Hawaiian rolls? Are the menus of old-fashioned diners and midscale casual chains supposed to feature...
Darden to pull the plug on Smokey Bones
May 05, 2007
ORLANDO Fla. Darden Restaurants Inc. on Saturday said it was shutting down its struggling Smokey Bones restaurant division by closing 54 units and selling the remaining 73. Darden, which also operates the Red Lobster, Olive Garden, Bahama...
Fla. awaits governor's action on gift-card bill
May 04, 2007
TALLAHASSEE Fla. A bill outlawing expiration dates and dormancy fees on gift cards issued by restaurants and other retailers is awaiting the signature of Gov. Charlie Crist following its unanimous passage by the Florida Legislature on Wednesday. ...
April comps mixed for Darden, OSI
May 03, 2007
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Bennigan's to unveil a sports-bar format
Bennigan's to unveil a sports-bar format
May 03, 2007
PLANO Texas Bennigan's Grill & Bar, the 310-unit casual-dining division of Metromedia Restaurant Group, plans to debut a sports-themed brand extension called Bennigan's Sport later this month. The conversion of an existing 6,500-square-foot...
Charges, weak sales lower Applebee's 1-Q profits by 65%
May 02, 2007
OVERLAND PARK Kan. Continued soft sales, charges for restaurant closures and expenses related to the company's review of strategic alternatives drove first-quarter profit at Applebee's International Inc. down 65.1 percent from a year ago. ...
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