NEW YORK Mike D from the Beastie Boys sported a red t-shirt with a green dragon licking an ice cream cone to the 2006 VH1 Hip Hop Honors. A regular customer of the Chinatown Ice Cream Factory here, he posed for a Wired Magazine cover photo in the...
GLENDALE Calif. IHOP Corp. said it has agreed to sell 41 company-operated Applebee’s Neighborhood Grill & Bar restaurants to the brand’s largest franchisee, Apple American Group of San Francisco. Terms were not disclosed. The units included...
ORLANDO Fla. At least four separate law firms have announced shareholder class-action complaints against Darden Restaurants Inc., accusing the casual-dining operator of misleading shareholders about the company’s performance and outlook for the...
PRINCETON N.J. Sovereign Investment Co. said it has completed a $69 million sale-leaseback transaction to allow Lone Star Funds to recapitalize its investment in Lone Star Steakhouse & Saloon. Sovereign bought 35 of Lone Star’s remaining 180...
ORLANDO Fla. The difficult economic environment caught up with Red Lobster and Olive Garden parent Darden Restaurants Inc. during its February-ended third quarter, as costs rose and sales slowed, a familiar trend for most in the industry. ...
SAN DIEGO Calif. John Wright will step down as chairman and chief executive of the Pat & Oscar’s chain by the end of March as part of a planned management transition, company officials said Monday. Wright, who lives in Charleston, S.C....
Facing discouraging economic forecasts, gloomy consumers with thinning wallets and a weak U.S. dollar, American restaurant franchisors are hinging their growth plans increasingly on far-away lands.In recent weeks, many operators have announced...
TAMPA Fla. Outback Steakhouse is packing newspapers this week with 10 million inserts offering $5 off the casual chain’s current roster of limited-time offers, which range in price from $13.99 to $19.99. The LTOs, which are...
NASHVILLE Tenn. O’Charley’s Inc. has averted a proxy battle with 12-percent stakeholder Crescendo Partners by putting former Arby’s chief Douglas Benham and two others on its board of directors. Under the agreement disclosed Thursday, O...
INDIANAPOLIS Steak n Shake said it has named a new interim chairman and chief executive and an interim president following a shareholder vote that ousted chairman Alan Gilman. The company named board member Wayne Kelley interim chairman...
