Restaurants & Bars
Chipotle Mexican Grill Inc:Expects FY 2014 mid-teens comparable restaurant sales increases.
MTY Food Group Inc:Completes the acquisition of the Canadian assets of Madisons New York Grill & Bar for a total consideration of $12.9 mln.
Vongroup Ltd:Expects there will likely be loss in the company's annual results for FY 2014 that is higher than loss for FY 2013.
Kout Food Group KSCC:Announces that it has acquired Coffee Snobs for a total value of 2.5 million Kuwaiti dinars.Says Coffee Snobs manages 14 branches located northeast London.
Meritage Hospitality Group Inc:Affirms FY 2014 operating guidance.Expects FY 2014 sales growth of 10 pct to 15 pct.Expects FY 2014 net income growth of 50 pct to 55 pct.Expects FY 2014 EBITDA growth (a non-GAAP measure) of 30 pct to 35 pct.
Tang Palace (China) Holdings Ltd:Enters into the joint venture and shareholders’ agreement with an independent third party, Shin Yeh, pursuant to which TRHII and Shin Yeh will make equity capital contribution of HK$3,000,000 and HK$7,000,000 respectively to the JV Company.TRHII and Shin Yeh will respectively hold 30 and 70 pct shareholding in the JV Company which will operate self-owned restaurants in Taiwan principally serving Malaysian dishes under the PappaRich Trademark.Under the joint venture and shareholders’ agreement, the JV Company is also entitled to grant franchise right to third parties franchisees to operate restaurants in Taiwan principally serving Malaysian dishes under the PappaRich Trademark.
Imvescor Restaurant Group Inc:Says president and CEO Denis Richard resigned effective July 17.Says Richard will continue to assist special committee of board in ongoing review of strategic alternatives.Yves Devin, COO will continue to lead through execution of business plan until appointment of Richard's successor.
PT Pioneerindo Gourmet International Tbk:Says Kusuwandi Tamin has resigned as President Director and serving as a Commissioner effective June 10.
Yum! Brands Inc:Reaffirms FY 2014 guidance of at least 20pct EPS.FY 2014 EPS of $3.72 - Thomson Reuters I/B/E/S.
Alsea SAB de CV:As part of its strategy for development and expansion in South America, and thanks to strategic partnership it has with Grupo Nutresa, it has opened first Starbucks establishment in Colombia.Three-level store located close to Parque de la 93 in Bogota.