CARPINTERIA Calif. CKE Restaurants has named Anne Blumenstein, a former Jack in the Box executive, as vice president of regional marketing and media for its Carl's Jr. brand. Blumenstein replaces Renae Scott, who left CKE last year. She...
LITTLETON Colo. Champps Entertainment Inc. has signed a letter of intent to sell its 62-unit namesake restaurant chain to a management-led group for $75 million and the assumption of debt, which stood at $14.8 million as of an October securities...
CHEVY CHASE Md. The majority stakeholder in FoodBrand LLC, the operator of some 80 big-brand restaurants in shopping malls, may be forced to seek bankruptcy protection because of financial mismanagement, according to securities filings. ...
WASHINGTON The U.S. House of Representatives voted Wednesday to raise the federal minimum wage from $5.15 an hour to $7.25 over a period of 26 months. The bill, passed by a vote of 315 to 116, would mark the first federally mandated hourly...
PLANO Texas Bennigan’s Grill and Tavern said it will try to use its zero-trans-fat items as a marketing advantage when a new menu is released by the Metromedia Restaurant Group division in April. The chain switched to trans-fat-free oil in...
NEW YORK The co-owners of the five-unit Heartland Brewery brew-pub chain have sold a 49 percent stake in the company to its employees through an Employee Stock Ownership Plan. Jon Bloostein, Heartland’s founder, CEO, and leader of the...
CALABASAS HILLS Calif. The Cheesecake Factory Inc. logged a 0.8-percent uptick in year-over-year systemwide same-store sales for its fourth quarter ended Jan. 2, driven mainly by a 7.8-percent gain at secondary concept Grand Lux Café and a 0.4...
MARYVILLE Tenn. Ruby Tuesday Inc., operator or franchisor of 926 namesake casual-dining restaurants, recorded a 4.1-percent drop in second-quarter profit on revenues that rose 14.2 percent to $336.8 million. For the quarter ended Dec. 5...
