Restaurants & Bars
GOURMET KINEYA CO LTD:To transfer restaurant business to a new founded Osaka-based wholly owned subsidiary, which be founded on Oct. 1 and to be engaged in restaurant business, on Oct. 1.
Kourakuen to set successor preparatory company and to transact business to holding company structure; announces name change
Kourakuen Corp:To set a wholly-owned subsidiary based in Fukui as the successor preparatory company on May 15.To restructure its restaurants direct management business in Japan of the split company into the new holding company, effective July 1.To change its English name to KOURAKUEN HOLDINGS CORPORATION from KOURAKUEN CORPORATION effective July 1.
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.