OAK BROOK Ill. McDonald’s Corp. could sell its Latin American operations for up to $1.8 billion as early as this month, Mark Kalinowski, restaurant analyst for The Buckingham Group, alerted clients Thursday afternoon. The deal would shift ...
HOLLYWOOD Fla. A company saying it was thwarted from bidding for Hard Rock Café International has sued the restaurant concern’s management for colluding with the Seminole Tribe of Florida, the party whose $965-million offer for Hard Rock was...
Cautious optimism is the prevailing sentiment restaurant industry insiders express as they look toward business in 2007—a year of anticipated top-line growth with no shortage of negative pressures on profit.While economic indicators point to...
TOKYO McDonald's Holdings Co. (Japan), a 50-percent-owned arm of McDonald's Corp. and the burger chain’s largest national system outside the United States, reported that its daily sales hit an all-time high last Saturday. Despite struggling with a...
CHICAGO An experienced hand at selling private companies to the public has been named chief financial officer of Potbelly Sandwich Works, the 140-unit, privately-owned fast-casual chain based here. James Hirshorn assumes the CFO’s title...
PHILADELPHIA Aramark Corp., the foodservice contractor based here, appointed Frank Sica vice president of client solutions and strategy and named Carmen Torzon director of business development for the Western region of its sports and entertainment...
Betting on a vertically integrated business model and a streamlined store equipment package that showcases exhibition cooking, a newcomer to foodservice aims to make a former special-occasion food into a staple of shopping mall crowds. ...
SCOTTSDALE, Ariz. P.F. Chang’s China Bistro Inc. has named Tim McDougall, a former ad agency and sports-marketing executive, its chief marketing officer. McDougall will be responsible for developing brand strategy for the company’s three...