Restaurants & Bars
Kozosushi Co Ltd announces result of early-retirement program and expects extraordinary loss for Q3 of FY 2014
Kozosushi Co Ltd:Says 30 employees took up the offer of the early-retirement program announced on Aug. 7.Effective date of retirement is Aug. 31.A premium will be added to the normal retirement allowance of eligible applicants.Expects extraordinary loss of 34 mln yen for Q3 of FY ending Dec. 2014 for this early-retirement program.
Just Eat PLC's RestauranteWeb to merge with iFood to create online restaurant delivery winner in Brazil
Just Eat PLC:Says merger of its Brazilian business RestauranteWeb with that of iFood.com Agencia de Restaurantes Online S/A to create clear leader in Brazilian online delivery food market.Says merger creates IF-JE Participações Ltda. which will be joint venture between JUST EAT and iFood's existing shareholders.Says JUST EAT will transfer 100 pct of share capital of Just Eat Brazil Servicos Online Ltda., which trades as RestauranteWeb to IF-JE, which will also include 100 pct of share capital of iFood.Says as part of agreement, JUST EAT will also make investment of 3.5 million pound in cash into IF-JE, for future business expansion.Says following transaction, IF-JE will be 25 pct owned by JUST EAT, 24.98 pct owned by iFood Founders and 50.02 pct owned by Movile.
Asrapport Dining Co Ltd to acquire RESONANCE DINING.INC and raises consolidated full-year outlook for FY 2015
Asrapport Dining Co Ltd:To acquire 400 shares (100 pct stake) of RESONANCE DINING.INC from Hanshinshuhan with amount of 672 million yen on Sep. 30.Says the company increased the consolidated full-year outlook for revenue to 11,026 million yen from 10,426 million yen for the FY ending March 2015.Operating profit forecast increased to 696 million yen from 674 million yen.Ordinary profit forecast increased to 623 million yen from 601 million yen.Net profit forecast increased to 355 million yen from 342 million yen.Earnings per share increased to 19.13 yen from 18.44 yen.Comments the increased income are the main reasons for the forecast.
Eat& Co Ltd:Acquired 40 shares in a Tokyo-based subsidiary, Food Runner, increased voting rights in the subsidiary to a 100 pct (400 shares) from 90 pct (360 shares), at price of 2 mln yen.Effective July 15.