Y's Table Corp <2798.T>:Says it plans to dissolve 70-percent-owned restaurant unit in Taiwan.
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.email@example.com;)).
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] ((firstname.lastname@example.org;)).
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 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 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 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 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 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 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.