Kentucky Fried Chicken Japan Ltd announced that it has decided to change to holding company structure, effective April 1, 2014. The Company will establish three wholly owned subsidiaries to take over businesses from the Company, on May 16, 2013. The Company will change its name to KFC Holdings Japan, Ltd., effective April 1 ,2014.
Global-Dining Inc announced that it has decided to shut down an Okinawa-based store, effective June 30, 2013.
Autogrill SpA announced that the Board of Directors has approved the project to transfer to the wholly owned beneficiary company World Duty Free S.p.A. (WDF), the entire share capital held in World Duty Free Group SAU, Spanish company which owns the Group's activities in the Travel Retail & Duty Free sector. The transfer has a primarily industrial scope and the creation of two different groups focusing on their respective sectors of Food & Beverage and Travel Retail & Duty Free should call for better results. The transfer will have to be approved by the Shareholders' Meeting who will meet at a date not later than June 15, 2013.
Interfax reported that Rosinter Restaurants Holding OAO in 2013 will close its regional network of restaurants Sibirskaya korona (Siberian Crown), which at the end of 2012 had 13 restaurants. The decision was taken as part of the medium-term strategy of focusing on brands with high development potential, the Company said. Six restaurants of Siberian Crown in Omsk were sold to local operator of catering Muzyka Kino OOO. The deal was closed on April 29, 2013, financial details were not disclosed. The remaining restaurants in 2013 will be closed or re-branded to IL Patio and Planet Sushi. Three restaurants in Novosibirsk, Krasnoyarsk, Barnaul are already closed, while four restaurants are still working (in Tyumen, Barnaul, Novokuznetsk).
GOURMET KINEYA CO LTD announced that it has decided to acquire 30,452 shares (100% stake) of a sub-subsidiary, which is engaged in frozen food business, from a subsidiary, which is engaged in in-flight meal business, effective April 1, 2013.
Reuters reported that Autogrill SpA may split its business in two, a move that could unlock value at its Food & Beverage and Travel Retail & Duty Free divisions.
Diamond Dining Co Ltd announced that it has decided to merge with its wholly owned subsidiary SECRET TABLE, which engages in the planning and operation of restaurant, effective March 1, 2013. As a result, SECRET TABLE will be dissolved. In addition, the Company will also take over the eating and drinking business division from another wholly owned subsidiary BAGUS, which mainly engages in the planing and operation of amusement business, effective March 1, 2013.
Kozosushi Co Ltd announced that it plans to offer an early-retirement program to its employees who are above 45 years old as of December 1, 2012 except part of employees including fixed-term employees, during the period from February 1, 2013 to February 15, 2013. The employees will be offered retirement pay, additional benefits and outplacement support. The Company expects approximately 60 employees to take up the offer, with the retirement date of February 28, 2013.