create restaurants holdings inc announced that it has decided to increase its holding in a subsidiary, SFP Dining Co., Ltd. from 74.6% (15,673 shares) to 94.6% (19,872 shares), from Kirin Brewery Company, Limited and MITSUI FOODS CO.,LTD., on June 30, 2013. The acquisition price is not disclosed.
create restaurants holdings inc announced that it has decided to establish a joint venture, Hong Kong Acasia Create Restaurants Management Co.,Ltd. with DALIAN ACASIA FAST FOODS CO., LTD., in October 2013. DALIAN ACASIA FAST FOODS CO., LTD. will hold a 51% stake in the joint venture, and a Hong Kong-based restaurant management company, which is a wholly owned subsidiary of the Company, will hold a 49% stake in the joint venture.
create restaurants holdings inc to Increase Stake in Subsidiary
G Taste Co Ltd announced that it has received a regulatory order from Osaka Securities Exchange . The Company was ordered to submit internal management improvement report, due to the overstate of goodwill of subsidiary.
Eat& Co Ltd announced that it is expecting an extraordinary profit of JPY 6 million, due to gain on reversal of warrants, for the fiscal year ending March 2014.
Starbucks Corp Updates On FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates-Conference Call
Starbucks Corp announced that for fiscal 2013, it expects revenue growth of between 10% and 13%. The Company reported revenue of $13.30 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $14.89 billion for fiscal 2013.
Cosi Inc reported in its Form 8-K that on June 11, 2013, Ms. Carin Stutz resigned as Chief Executive Officer (CEO) and President of the Company and as a member of the Board, effective immediately. Effective as of June 11, 2013, the Board appointed Mr. Stephen Edwards, the Company’s current Executive Chairman of the Board, to serve as the Company’s Chief Executive Officer (CEO) and President. In connection with Mr. Edwards appointment as Chief Executive Officer and President, Mr. Edwards resigned as Executive Chairman and the Board appointed Mr. Mark Demilio to serve as the Non-Executive Chairman of the Board.
Select Group Ltd Announces Incorporation Of Wholly Owned Subsidiaries - Pho Street Restaurant Pte. Ltd. And Griddy Restaurant Pte. Ltd.
Select Group Ltd announced that the Company has on June 12, 2013, incorporated the following wholly owned subsidiaries (the Subsidiaries), in Singapore:- Pho Street Restaurant Pte. Ltd. (Pho Street); and Griddy Restaurant Pte. Ltd. (Griddy Restaurant). The total issued and paid-up share capital of the Subsidiaries is SGD 1.00 each. The principal activities of Pho Street and Griddy Restaurant are to operate cafes, coffee houses, snack bars and restaurants. The working capital for these new subsidiaries will be funded by internal resources and is not expected to have any significant effect on the consolidated net tangible assets and earnings per share of the Company and the Group for the current financial year.