Restaurant News

A financing alternative that frees up capital allowing the owner to invest back into the same or different business.

The Quaker Steak & Lube board of directors named John H. Longstreet president and CEO, effective April 1, 2010. He succeeds Ken Cole, who stepped down at the end of February to focus on opening Quaker Steak & Lube franchise restaurants and other business opportunities.

Financial initiatives that improved store level margins to 15.1% of total revenue, lowered G&A by 22.9% to $37.0 million, and eliminated all long term debt.

Guided Walking Food Tours a Must-Do For Foodies Across The Country

When the economy slows, many businesses react by retrenching and cutting costs in order to weather the downturn.

The International Food, Wine & Travel Writers Association (IFWTWA) is pleased to announce that it will award its second Annual WiFTy (wine, food, travel writing) scholarship to a writer who aspires to enter the field of food, wine and/or travel writing and who is not already a writer in any of those fields and earned over $500 from those fields in 2009.

Papa Bello Enterprises (Pink Sheets: PAPA) is pleased to announce that the company has named Sunit Saha President of their Papa Bello Pizza concept.

Mobile tour searches for local "Game-Changers" on the court and in the community

David Mounts Leaving Domino's to Become CEO of Inmar, Inc.

Expanding upon the international restaurant chain's growing presence in Central Mexico, Johnny Rockets announces Zapopan, Jalisco as the newest Home of the Original Hamburger.

Western Sizzlin Corporation (Nasdaq: WEST) announced today that it has commenced the mailing of a definitive proxy statement/prospectus in connection with the proposed acquisition of Western by The Steak n Shake Company ( SNS).

Officials of The Westin Bonaventure Hotel & Suites which is independently owned by Today's IV, Inc. and operated by Interstate Hotels & Resorts, Inc. under a license issued by Westin Hotel Management, L.P. announced that the hotel's four restaurants—Lake View Bistro, Lobby Court Bar, Bonavista Lounge, L.A. Prime and its valet parking operations may have suffered a data security breach between April 2009 and December 2009.

Update from Restaurantchains.net on growing and emerging restaurant concepts

French fry connoisseurs are a most discerning sort, perhaps even more so than their wine-tasting counterparts. Whereas wine aficionados practice five basic evaluations – color, swirl, smell, taste and savor – a true fries connoisseur also considers things like crispness, temperature, even freshness.

Benihana Inc. (NASDAQ: BNHNA; BNHN) today announced that its motion for summary judgment in the pending litigation against it brought by the former minority shareholders of the Company’s Haru operating segment has been granted in all material respects.

Caruso Affiliated CEO and Founder Rick J. Caruso today announced the creation of a new business venture to pursue airport retail opportunities and the appointment of John Cugasi as the company’s first Vice President for Airports to lead the effort. Cugasi served most recently as the Director of Concessions at Hartsfield Jackson Atlanta International Airport overseeing the lease management and development of the airport’s concessions program.

Ruby Tuesday, Inc. (NYSE: RT) today announced that same-restaurant sales for Company-owned restaurants were -0.8% to -1.0% in the third quarter ended March 2, 2010, compared to the same quarter of the prior year.

Craft Brewer Sales Grow 7 Percent in a Year of Decreased Beer Sales for Other Brewers

Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s premier operator of upscale gentlemen’s clubs, said sales at its nightclubs in February were $7.65 million, a 34.7 percent increase over sales of $5.58 million in February 2009.

The ninth annual Food Network South Beach Wine & Food Festival, February 25–28, 2010, was once again a successful and unforgettable extravaganza. More than 50,000 guests attended the four-day event, and over $2 million was raised for the Florida International University (FIU) School of Hospitality and Tourism Management and the Southern Wine & Spirits Beverage Management Center.