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Restaurants & Bars

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Y's Table to dissolve restaurant unit in Taiwan

Wednesday, 21 Dec 2016

Y's Table Corp <2798.T>:Says it plans to dissolve 70-percent-owned restaurant unit in Taiwan.

McDonald's says is creating a new integrated international holding co structure

Thursday, 8 Dec 2016

McDonald's Corp : Creating a new integrated international holding company structure as part of its recent business re-organisation . New international holding company structure will be located in the UK and domiciled in the UK for tax purposes . Changes will result in the creation of a unified structure located in the United Kingdom . The new change will result in the closure of the company’s operations in Geneva . Co's office in Luxembourg to retain responsibility for luxembourg restaurants but other functions will transfer to new UK-based holding co Further company coverage: [MCD.N] ((Bangalore.newsroom@thomsonreuters.com;)).

YUM! Brands says offered voluntary retirement program to certain U.S. employees

Tuesday, 11 Oct 2016

YUM! Brands Inc : During the quarter ended September 3, 2016, YUM offered a voluntary retirement program to certain U.S. employees . YUM! Brands - Voluntary retirement program to provide separation pay and benefits to employees who elected to voluntarily separate from YUM . YUM! Brands - Incurred pre-tax costs of $26 million and $32 million for quarter and year to date, respectively, related to U.S. voluntary retirement program Source: (http://bit.ly/2dZzTWe) Further company coverage: [YUM.N] ((bangalore.newsroom@thomsonreuters.com;)).

Yum! Brands Inc expects to return $13.5 bln to shareholders between Q4 2015 and 2019

Tuesday, 11 Oct 2016

Yum! Brands Inc : Yum! Brands details transformation plans to drive growth of Kfc, Pizza Hut And Taco Bell after china separation at annual investor conference today . Yum! Brands Inc - reducing annual capital expenditures from about $500 million (2015 pro forma post-separation) to about 100 million (FYE 2019) . Yum! Brands Inc - reducing G&A by a cumulative about $300 million by FYE 2019 . Yum! Brands Inc - now expects to return a total of $13.5 billion (including dividends) between Q4 2015 and 2019 .Yum! Brands Inc - Yum Brands will increase franchise restaurant ownership from 77% currently to 93% at time of separation of china business.

Via Holdings unit announces business transfer between units

Wednesday, 31 Aug 2016

Via Holdings Inc <7918.T> :Says its wholly owned subsidiary Ohgiya Corp plans to transfer direct retail division in west Japan area and Chinese & western restaurant business to co's two wholly owned units respectively, effective on Sep. 1.

Restaurant Group shares open 4.3 percent after co maintains full year guidance

Friday, 26 Aug 2016

Restaurant Group Plc : Open 4.3 pct higher after results beat estimate and co maintains guidance Further company coverage: [RTN.L] (Bengaluru Newsroom: +91 806 749 1136).

Yoshinoya Holdings to postpone merger effective date to Dec. 1

Friday, 26 Aug 2016

Yoshinoya Holdings Co Ltd <9861.T> :Says it plans to merge with its wholly owned unit which is engaged in restaurant industry related management consulting business, effective on Dec. 1 instead of Sep. 1 previously.

Umenohana plans new unit to cover takeout business in eastern Japan

Tuesday, 23 Aug 2016

Umenohana Co Ltd <7604.T>: Says a newly established unit, based in Fukuoka, will take over the takeout business in eastern Japan from the co's Fukuoka-based food& drink unit . Says the food& drink unit will mainly cover the takeout business in western Japan after the restructuring .Says effective date on Oct. 1.

Asmo announces spin-off of unit Asmofoodservice Corp

Friday, 12 Aug 2016

Asmo Corp <2654.T>: Says it plans to spin off Asmofoodservice Corp to set up four new units in different areas of Japan on Sep. 1 .Says the four units will be wholly owned by Asmofoodservice Corp.

Ruby Tuesday Reports Q4 & Fiscal Year 2016 results

Thursday, 11 Aug 2016

Ruby Tuesday Inc : Q4 revenue $279.3 million . Ruby Tuesday, Inc. Reports fourth quarter and fiscal year 2016 financial results . Q4 loss per share $0.46 . Sees FY 2017 adjusted earnings per share $0.05 to $0.09 . Qtrly same-restaurant sales declined 3.7% following a 1.7% decline in Q4 of prior fiscal year . Ruby Tuesday Inc qtrly adjusted net income was $6.3 million, or $0.10 per diluted share . Announced plans to streamline organization, improve financial profitability . During Q4, four corporate-owned Ruby Tuesday restaurants were closed and one was opened . 95 underperforming restaurant locations will cease operations by September 2016 . One domestic franchised Ruby Tuesday restaurant was closed in Q4 . Sees fiscal year 2017 same-restaurant sales of flat to up 2% for comparable fifty-two week period ending May 30, 2017 . Sees fiscal year 2017 capital expenditures ranging from $38 million to $42 million . Expect macro environment to remain challenging for some time; taking necessary steps to change trajectory of business . Fresh start initiative will be achieved through execution of several key strategies including an asset rationalization plan . Fresh start initiatives will be rolled out in phases across multiple markets throughout coming quarters . Estimates that it will incur $72 million to $81 million in pre-tax charges related to restaurant closures in FY 2017.


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