MINNEAPOLIS Granite City Food & Brewery Ltd. said Monday it completed a $14 million private placement of its common stock to fund restaurant expansion, retire certain equipment lease debt and for general corporate purposes. The company...
OAK BROOK Ill. McDonald’s is expanding a pilot program that offers Pepsi products together with its standard Coca-Cola fountain drinks, according to a story in the marketing newspaper Advertising Age. Restaurants participating in the 10-month-old...
ANN ARBOR Mich. The final result of Domino's Pizza Inc.'s Dutch auction tender offer was undersubscribed, clearing the way for a possible special dividend to investors as early as next month or further share repurchases as the company is still...
NEW YORK —The hospitality industry can boast more female corporate officers and board directors than most Fortune 500 companies—but the lead is small, according to a recent report by Catalyst, a...
Restaurant industry bellwethers reported negative same-store sales trends for February and blamed the severe winter weather that much of the country experienced for chilled sales.Applebee’s International Inc., CBRL Group Inc. and OSI Restaurant...
Most managers remember their first day on the job and whether it was a positive or negative experience. The more positive the orientation, the more likely a manager will stay in the job longer than the norm, restaurant operators say.In the battle...
OVERLAND PARK Kan. Although it needs an additional six to eight weeks to conduct a financial review, Applebee's International Inc. said it had instructed its financial and legal advisors to contact potential buyers "in an organized process" as...
DEERFIELD Ill. Sandwich-chain operator Cosi Inc. has named Bob Merritt, a former chief financial officer of Outback Steakhouse's parent company, to serve as interim chief executive officer. He succeeds Kevin Armstrong, who resigned for health...
