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Restaurants & Bars

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Luxor Capital Group posts 9.9 pct passive stake in BJ's Restaurants, as of Sept. 29 - SEC Filing

Thursday, 29 Sep 2016

BJ's Restaurants Inc:Luxor Capital Group LP reports 9.9 percent passive stake in BJ's Restaurants Inc, as of September 29, 2016 - SEC Filing.

Burger Fuel Worldwide announces purchase of Burgerfuel Takapuna Restaurant

Thursday, 29 Sep 2016

Burger Fuel Worldwide Ltd :Announced purchase of Burgerfuel Takapuna Restaurant from its current franchisee.

Taco bell says entered Brazilian marketplace alongside Sforza Holding

Thursday, 29 Sep 2016

Taco Bell Corp : Entered Brazilian Marketplace Alongside Sforza Holding .Taco Bell Teams Up With Leading Brazilian Retailer To Open Five S Ã O Paulo Locations In 2016.

Doyen International says Chen Yang resigned as CEO, Cho Chun Wai appointed as executive director

Thursday, 29 Sep 2016

Doyen International Holdings Ltd <0668.HK> : Cho Chun Wai has been appointed as an executive director and authorised representative .Chen Yang has resigned as executive director, chief executive officer.

j-Group Holdings scraps selling land and building

Thursday, 29 Sep 2016

j-Group Holdings Corp <3063.T>: Says it scraps the selling plan of land and building . Says the reason is that the payment was not available on Sep. 28 .Says previous plan disclosed on Aug. 30.

Kichiri & announces business alliance with soccer club firm

Thursday, 29 Sep 2016

Kichiri & Co Ltd <3082.T>: Says it formed business alliance with Kanagawa-based soccer club firm on Sep. 29 . Says two parties to open restaurant in Kanagawa, named as MEAT COMPANY with Bellmare .Says the restaurant to get the rights to hold the club's players' signing sessions and play the club's videos.

BRIEF-Yum Brands: Micky Pant to lead spun-off Yum China after split

Thursday, 29 Sep 2016

Corrects to clarify that Micky Pant is expected to take on CEO role of Yum China after spin-off. The new role will replace his current position as head of Yum's China unit, from which he is expected to resign..off. The new role will replace his current position as head of Yum's China unit, from which he is expected to resign.) Sept 26 (Reuters) - Yum Brands : In connection with spin-off, Muktesh (Micky) Pant will resign as CEO of Yum's current China division, conditioned on the completion of the spin-off . Pant is expected then to become CEO of the newly-formed Yum China following the spin-off expected later this year . In connection with the spin-off, Jonathan Linen will depart from the current board and audit committee and will become a member of the new Yum China board .Linen's resignation from board and appointment to Yum China's board is expected to be effective as of October 12, 2016.

Cosi Inc. files for Chapter 11 restructuring

Wednesday, 28 Sep 2016

Cosi Inc : Cosi, Inc.- Files for chapter 11 restructuring . Cosi Inc says It and its subsidiaries filed voluntary Chapter 11 petitions in United States Bankruptcy Court for District Of Massachusetts . Cosi Inc -Obtained approximately $4 million in post-petition debtor-in-possession (DIP) financing . Cosi inc says notice of proposed sale to DIP lenders or their designees will be given to third parties and competing bids will be solicited . Cosi Inc-Company will appoint a Chief Restructuring Officer within 7-10 days . Cosi Inc -DIP would serve as "stalking horse" in a sale process under section 363 of bankruptcy code, subject to Bankruptcy Court approval . Cosi Inc- 31 franchised locations are unaffected . Cosi Inc- Prior to Chapter 11 filing, Cosi entered into a non-binding term sheet with its lenders . Cosi Inc says board of directors will manage bidding process and evaluate bids . Cosi Inc- DIP lenders or their designees have proposed to purchase substantially all of Cosi's assets . Cosi Inc -Prior to Chapter 11 filing, company closed 29 of 74 company-owned restaurants .Cosi Inc-Patrick Bennett continues to serve as interim CEO, and Edward Schatz of O'connor Group, Inc. Continues to serve as interim CFO.

Kotipizza Group Q2 comparable EBIT up at EUR 1.8 million

Wednesday, 28 Sep 2016

Kotipizza Group Oyj : Says strong growth continued in the second quarter, 18 pct net sales growth and 37 pct comparable EBITDA growth compared to previous year . Q2 comparable net sales 16.9 million euros ($18.94 million) versus 14.3 million euros year ago . Q2 comparable EBIT 1.8 million euros versus 1.3 million euros year ago .Guidance for FY 2017 in accordance with upgrade on Aug. 23 - comparable EBITDA to grow significantly as compared to previous year, chain-based net sales to grow by over 10 pct as compared to previous financial year.

Fiesta Restaurant Group says Mark Phillips appointed interim COO

Tuesday, 27 Sep 2016

Fiesta Restaurant Group Inc : Fiesta Restaurant Group, Inc announces appointment of interim CEO; provides strategic update . Says Mark Phillips appointed interim COO . Fiesta Restaurant Group Inc says suspends Taco Cabana separation process, and suspends Pollo Tropical New Restaurant development in Texas . Tim Taft is retiring as CEO and president, and resigning as a director effective September 30, 2016 . Has decided to suspend additional development of Pollo Tropical restaurants in Texas and to review its strategy for development in state . Says Danny Meisenheimer appointed interim CEO and president . Fiesta restaurant group inc says suspends Taco Cabana separation process, and suspends Pollo Tropical New Restaurant development in Texas; other development to continue .In 2017 expects to open 14-17 new Pollo Tropical Restaurants primarily in Florida and 8-10 Taco Cabana Restaurants in Texas.


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