LITTLETON Colo. The shareholders of Champps Entertainment Inc. voted on Friday to approve the $74.8 million sale of the sports-and-entertainment concept to F&H Acquisition Corp. Champps said in a statement that the $5.60-per-share buyout...
OVERLAND PARK Kan. Applebee's International Inc. has set Oct. 30 as the date for a shareholder vote on a proposed $2.1 billion buyout by IHOP Corp., according to a proxy statement filed Thursday with federal regulators. Pancake specialist...
KANSAS CITY Mo. Bice Restaurant Group will open a fast-casual cafe and two other restaurant concepts within the Power & Light District entertainment complex here, according to the district’s developer, The Cordish Co. Bice will manage 8,600...
PORTLAND Ore. McCormick & Schmick’s Seafood Restaurants Inc. on Tuesday cut its third-quarter earnings expectations by as much as 7 cents per share on weak traffic results this month, mainly because of fewer visits from the concept’s “aspirational...
ORLANDO Fla. Darden Restaurants Inc.’s pending acquisition of Rare Hospitality International Inc. took another step toward its expected October closing as the casual-dining operator secured two new credit agreements totaling $1.9 billion to help...
VIENNA Va. Proxy adviser Proxy Governance Inc. recommended Thursday that shareholders of Landry’s Restaurants Inc. withhold their votes for its compensation committee to protest the pay package of chief executive Tilman Fertitta as being "out of...
ORLANDO Fla. Hard Rock International will open a 41,000-square-foot flagship cafe on the Strip in Las Vegas at the new Showcase Mall development. The three-story location will feature a 700-seat restaurant, a live concert venue and the chain’s...
ORLANDO Fla. Darden Restaurants Inc., operator of 1,404 casual-dining restaurants, posted a 20-percent year-over-year surge in its first-quarter profit on revenue that increased 7.9 percent from a year ago to $1.47 billion. The company’s ...
The midweek Fourth of July holiday and the subprime mortgage crisis dealt a blow to guest traffic at casual dinnerhouses in July, but operators still were expected to post better results than they had the year earlier.Estimated same-store sales...
