GLENDALE Calif. Dennis Farrow, senior vice president for operations at IHOP Corp., based here, has resigned as of Jan. 11, the company said in filing with federal regulators. Jim Peros, currently IHOP’s vice president of operations services...
SPARTANTBURG S.C. Denny’s Corp. reported on Thursday that company same-store sales fell 1.2 percent for the fourth quarter ended Dec. 26. Franchised same-store sales rose 0.3 percent over the year-ago fourth quarter. Excluding the impact of...
SCOTTSDALE Ariz. P.F. Chang’s China Bistro Inc. said Thursday that it is negotiating the sale of a controlling stake in Taneko Japanese Tavern to Dallas restaurateur Jack Baum, who indicated that he intends to grow the izakaya-inspired concept. ...
CARROLLTON Texas Patrons of T.G.I. Friday’s will soon get a chance to taste as well as see and hear the results of reality-television programming. Friday’s, the 900-unit casual-dining division of Carlson Restaurants Worldwide here, has...
DALLAS Brinker International Inc., operator or franchisor of 1,827 restaurants, including the 1,383-unit Chili’s Grill and Bar, said Monday that a 2.1-percent drop in blended, corporate same-store sales would lead to a per-share earnings drop of...
MINNEAPOLIS Wallace B. Doolin has resigned as chief executive of casual-dining operator Buca Inc. as part of a 13-percent, $2.1 million cut in the company’s headquarters payroll, Buca said Tuesday. Doolin will continue as chairman, the company...
MINNEAPOLIS Carlson, the parent company of the T.G.I. Friday’s and Pick Up Stix restaurant brands, said Tuesday that Hubert Joly would become president and chief executive on March 1. He succeeds Marilyn Carlson Nelson, who will remain Carlson’s...
CALABASAS HILLS Calif. The Cheesecake Factory Inc. amended the terms of its $300 million credit facility to gain more financial flexibility, it said this week. The changes included higher interest rates, but looser covenants. The company’s...
BOCA RATON Fla. Sun Capital Partners Inc. said it has completed the $80 million purchase of the 73-unit Smokey Bones Barbeque & Grill chain from Darden Restaurants Inc. As expected, Smokey Bones chief executive Ian Baines was retained in...
