Restaurants & Bars
Bob Evans Farms Inc:Plans to close 20 Bob Evans Restaurants.Says closures will take place over next 12 months, with majority of locations to close by the end of May.Says that it owns 16 of 20 affected restaurants, and that it will immediately seek to sell these properties, with net proceeds estimated between $15 and $17 million.Estimates it will incur about $4.7 to $5.2 million of expenses related to closures, with about $2.1 million of total expected to be non-cash charges.
Kappa·Create Holdings Co Ltd:To merge with wholly owned subsidiary, which has been engaged in Sushi business and real estate business in Kanagawa prefecture, Japan.Effective date Oct. 1.After the transaction, the company will be the surviving company and the subsidiary will be dissolved.
Alsea SAB de CV:Reorganizes its structure dividing its operations into two units Alsea Mexico and Alsea Internacional.Alsea Mexico to remain under Federico Tejado, while current CEO of Alsea Fabian Gosselin will take charge of Alsea Internacional.Both units will report to board of directors led by Chairman Alberto Torrado.
Zensho Holdings Co Ltd:To dissolve wholly owned subsidiary, Zensho America Corporation, which is engaged in the North America related business in America.Liquidation will be completed in May 2015.
Joyfull Co Ltd:Says the company to be as split company, by simple incorporation-type company split, and consider to establish a wholly owned subsidiary to responsible for sales functions of directly operated stores, that scheduled on Jan. 1, 2016.To restructure the company into a holding company.
GOURMET KINEYA CO LTD:To restructure the company into a holding company, effective Oct. 1.Says other details remain to be decided later.
Minor International PCL:Says Delicious Foodstuff (Labuan) Ltd and Delicious Beverage (Labuan) Ltd, 100 pct subsidiaries of Primacy Investment Ltd which is 100 pct held by The Minor Food Group Pcl., 99.73 pct subsidiary of MINT had dissolved companies since 2014.
HotLand Co Ltd:To takeover ice cream restaurant business from wholly owned Tokyo-based subsidiary Cold Stone Creamery Japan.Planned effective April 1.
WATAMI CO LTD:Announces merger between subsidiaries WATAMI Foodservice Co.,Ltd., WATAMI Takushoku Co., Ltd and WatamiMerchandising Co., Ltd.WATAMI Foodservice Co.,Ltd. to remain, WATAMI Takushoku Co., Ltd and WatamiMerchandising Co., Ltd. to dissolve after merger on March 1.
HotLand Co Ltd:Completed liquidation of wholly owned subsidiary COMEBUYJAPAN, which was engaged in operation of fast food restaurant, on Dec. 17.Liquidation was decided on May 23.