ATLANTA Popeyes Chicken & Biscuits will invest $3.5 million this year in new menu and marketing initiatives in hopes of boosting traffic to the 1,905-unit chain, which posted a same-store sales drop of 2.3 percent for 2007. It also will spend an...
NASHVILLE Tenn. O’Charley’s Inc. has averted a proxy battle with 12-percent stakeholder Crescendo Partners by putting former Arby’s chief Douglas Benham and two others on its board of directors. Under the agreement disclosed Thursday, O...
INDIANAPOLIS Steak n Shake said it has named a new interim chairman and chief executive and an interim president following a shareholder vote that ousted chairman Alan Gilman. The company named board member Wayne Kelley interim chairman...
CHICAGO Starbucks Coffee's closing of more than 7,000 domestic units for three hours last month to retrain baristas appears to have caused minor inconvenience to its customers and little gain for the Seattle-based chain’s competitors, according to...