NEW YORK Two members of the renowned Cipriani restaurant family have pled guilty to tax evasion and have agreed to pay $10 million in restitution, according to news reports. Arrigo Cipriani, 75, and his son Guiseppe, 42, are scheduled to...
TAMPA Fla. The Melting Pot Restaurants Inc. said it is debuting a new concept called Dip, a kiosk-style offshoot of the 120-unit casual-dining fondue chain, at a shopping center here in September. The first Dip will be located in the Citrus...
RALEIGH N.C. Privately held Golden Corral, the 478-unit grill-buffet chain based here, said systemwide sales for the second quarter ended June 20 totaled $369.2 million, up 4.9 percent from the same year-earlier period. Systemwide sales for...
GRAND RAPIDS Mich. Wendy's franchisee Meritage Hospitality Group Inc. said Wednesday that it intends to explore "value-creating alternatives for our shareholders," corporate-speak for a possible sale or other means of recapitalization. ...
BOSTON Boston Restaurant Associates Inc., owner of the Polcari’s North End and Pizzeria Regina brands, has appointed foodservice veteran Robert C. Taft as chief executive. Taft most recently served as chief executive of Caffino Inc., a...
NEW YORK Wendy’s International Inc. and potential suitor Triarc Cos. Inc., the restaurant concern controlled by activist investor Nelson Peltz, appear to be continuing their discussions about the No. 3 burger brand’s auction process despite...
DENVER Chipotle Mexican Grill Inc., operator of 640 namesake burrito restaurants, continued to buck the industry trends of stalled sales and squeezed profits with a near 40-percent year-to-year jump in second-quarter revenue and an 85.1-percent...