HOUSTON Landry’s Restaurants Inc. is seeking new financing to replace its current credit agreement and outstanding 7.5-percent unsecured notes that total $400 million because a delay in filing financial statements led the majority of the company’s...
FORT MYERS, Fla. Prime Restaurants, a start-up restaurant holding company with plans for aggressive expansion along the Eastern Seaboard, said it is acquiring two unnamed metropolitan New York restaurants with gross revenues of $2 million dollars...
ROANOKE, Va. Sardar Biglari, chairman and chief executive of The Lion Fund LP hedge fund and the Western Sizzlin’ Corp. family restaurant chain, said Wednesday that he planned to vote against IHOP Corp.’s pending acquisition of Applebee’s...
OAK BROOK Ill. As expected from its pre-release last week, McDonald’s Corp. posted its second-ever quarterly net loss on Tuesday, the result of a one-time charge of $1.6 billion for the sale of 1,600 restaurants and development licenses in Latin...
LOS ANGELES Concessionaire HMSHost Corp. has been granted exclusive rights to develop the Eaturna quick-service healthful dining concept at airport and travel center locations in the United States and Canada. The only retail location of...
ANN ARBOR Mich. Domino’s Pizza Inc., parent of the mostly franchised 8,394-unit Domino’s chain, reported an earnings plunge of 90.5 percent for its second quarter on the negative impact of a debt recapitalization completed in April and legal fees...
AUSTIN Texas Aramark Corp. said it is “cooperating fully” with an investigation by Travis County, Texas, officials into alleged financial improprieties by employees of Aramark Sports & Entertainment Inc., which provides the foodservice at the...
GLENDALE CALIF. IHOP Corp. completes its pending $2.1 billion acquisition of Applebee’s International Inc., it could create a company that boasts systemwide sales of $6.8 billion and, in time, two successful turnaround stories under one umbrella...
EMERYVILLE Calif. Full-service specialist Tavistock Restaurants said it purchased the 19-unit Freebirds World Burrito fast-casual chain last week. Terms were not disclosed. Known for its signature Monster Burrito, College Station, Texas...
NEW YORK The Pret A Manger grab-and-go chain may fund an expansion push in the United States by selling itself to a private-equity firm rather than pursuing the stock offering it acknowledged considering in April, according to a report in a London...
