NEW YORK Pershing Square Capital Management LP, the activist hedge fund founded by William Ackman, disclosed Feb. 14 a 1.5-percent stake in McDonald's Corp., leading some to speculate that the investor is gearing up to pressure the largest...
MADISON Ga. Don Pablo's Mexican Kitchen, the 95-unit casual-dining chain, has named Modesto Alcala to the new position of president. Alcala was also named a senior vice president of the parent company, Avado Brands. Alcala is the former...
SAN FRANCISCO Brian Lee has been named vice president, product innovation, of Jamba, Inc., parent company of Jamba Juice. The former director of product development of Starbucks Coffee Company will be responsible for developing new products...
NEW YORK In a rare case of a bankruptcy by a McDonald's franchisee, a seven-unit operator in Brooklyn will give up ownership of the restaurants and leave the system after federal court-supervised bids ranging from $600,000 to $1.6 million were...
SPARTANBURG S.C. Denny's Corp., operator or franchisor of 1,545 namesake family-dining restaurants, swung to a profit of $2.3 million, or 2 cents per share, from a net loss a year earlier, on reduced operating costs and a 0.4-percent uptick in...
NEW YORK NexCen Brands Inc., based here, said Thursday it had agreed to acquire the 184-unit Maggie Moo's International LLC and the assets of the 336-unit Marble Slab Creamery Inc., consolidating the No. 2 and No. 3 brands in the premium hand...
