Sonic Corp. said Monday its annual same-store sales swung to a positive result, as company-owned drive-ins posted a 1.8-percent increase in fiscal 2011, and the systemwide result rose 0.5 percent, compared with negative results a year earlier...
Essential Pizza, the franchise operator of 72 Papa John’s units in Minnesota and Colorado, filed for Chapter 11 bankruptcy protection this week after multiple lawsuits from lenders and delivery drivers, and one against the franchisor...
Multi-concept operator Star Buffet Inc. filed for Chapter 11 bankruptcy protection Thursday, citing a legal judgment and the inability to refinance mortgage obligations and its credit facility...
OSI Restaurant Partners LLC, operator of the Outback Steakhouse chain, has reached a settlement with T-Bird Nevada LLC, one of its largest franchisees, over a loan that was the subject of an Outback lawsuit against T-Bird two years ago...
Darden Restaurants Inc. officials said they plan to emphasize affordability, a new core menu and more remodeled restaurants as part of the company’s efforts to improve lagging sales at its Italian Olive Garden concept...
A charity-based licensing firm won the bid Wednesday for the intellectual property rights of the shuttered Tavern on the Green restaurant, enabling it to expand the iconic Central Park New York establishment into a chain...
P.F. Chang’s China Bistro Inc. chief operating officer Richard Tasman is leaving the company at the end of the fiscal year, according to filings with the Securities and Exchange Commission this week...
