INDIANAPOLIS Pressed for strategic changes by two investor groups, Steak n Shake Co. said today that it would "critically" review costs and intensify its focus on field operations. The 490-unit casual-dining operator also said it would evaluate ...
CARPINTERIA Calif. CKE Restaurants Inc., parent of the Hardee’s and Carl’s Jr. brands, Wednesday reported a 2.6-percent year-to-year jump in same-store sales at all corporate restaurants for the four weeks ended Aug. 13 and said Carl’s Jr. had...
Every summer it’s the same old wedgie. People with interests ranging from snail ballet to endurance Twister can find theme vacations or specialty camps catering to their kind. But for the restaurant executive who wants to focus on canoeing, crafts...
NEW YORK Shareholders of the publicly held Smith & Wollensky Restaurant Group Inc. have agreed to sell the luxury steakhouse brand to a consortium consisting of Patina Restaurant Group principals Nick Valenti and Joachim Splichal and Bunker Hill...
INDIANAPOLIS Western Sizzlin chairman Sardar Biglari, head of The Lion Fund, which holds a 5.8-percent stake in 490-unit Steak n Shake, is seeking a seat for himself and an associate on the chain’s board of directors, according to a securities...
GALVESTON Texas A U.S. District Court judge has ordered Landry’s Restaurants Inc. to meet with the bondholders demanding the early repayment of $400 million in notes to see if they can work out a settlement before the court reconvenes on Monday. ...
ORLANDO Fla. Two restaurant industry giants, Darden Restaurants Inc. and Rare Hospitality International Inc., said late Thursday they had agreed to a merger in which Darden will purchase the steakhouse operator for about $1.4 billion, including...
SEATTLE Coffee-bar operator Tully’s Coffee Corp. said it has postponed a pending public offering because of “volatile stock market conditions.” Seattle-based Tully’s said proceeding with the offering, which was announced in April, “would...
EMERYVILLE Calif. In preliminary unaudited reports Tuesday, Jamba Inc., based here, disclosed a 14.1-percent increase in second-quarter revenue to $89.6 million despite a 3.3-percent drop in same-stores sales for the three months ended July 24...
