PITTSBURGH The Pennsylvania Restaurant Association has joined a coalition of hospitality organizations and the Distilled Spirits Council of the United States to fight a proposed 10-percent tax on poured alcoholic beverages in Allegheny County. ...
BOSTON Eight Hooters restaurants were ordered to close after federal bankruptcy judge here forced a Massachusetts-based franchisee, R.J. Fritz L.P., into Chapter 7 liquidation, according to media reports quoting court records. ...
DUBLIN Ohio Nelson Peltz has accused Wendy's International Inc. of attempting to thwart his Triarc Cos. from buying the fast-food giant for at least a year, prompting him to alert Wendy's that he views it as a logical acquisition for his Arby's...
MEMPHIS Tenn. Back Yard Burgers, Inc. said it has set a date for shareholders to vote on a proposed $38-million buyout of the company by an investment group led by former Shoney’s and Sonic chief Steve Lynn. Aspecial meeting will be held...
LOS ANGELES uWink Inc., the single-unit restaurant operator and entertainment software developer led by Chuck E. Cheese and Atari founder Nolan Bushnell, has filed securities documents for a secondary offering of up to $15 million of its stock...
STAMFORD Conn. The private-equity firm Olympus Partners has acquired 95 Chili's Grill & Bar units from Brinker International for $155 million as the foundation for a new franchise operating company called Pepper Dining Inc. As part of the...
CARPINTERIA Calif. CKE Restaurants Inc., parent of the Carl’s Jr. and Hardee’s quick-service brands, said increased expenses led to a 5.1-percent drop in its fiscal 2008 first quarter profit, even as revenue rose 1.6 percent to $481.8 million. ...
GREENWICH Conn. Tudor Investment Corp., a hedge fund that’s controlled by billionaire Paul Tudor Jones II and manages more than $17 billion in assets, has acquired through its funds a 6.1-percent stake in Wendy’s International Inc. in an apparent...
WILBRAHAM MASS. Friendly Ice Cream Corp. agreed June 17 to an acquisition of the company by an affiliate of Sun Capital Partners Inc. for $15.50 per share in cash, or about $337.2 million. ...
