ATLANTA, June 30 /PRNewswire/ -- In the 'moo'd for a free meal? As part of the chain's fifth-annual Cow Appreciation Day celebration, Chick-fil-A(R) restaurants are offering a free meal (breakfast, lunch or dinner) to any customer who visits one of the 1,440-plus participating restaurants fully dressed as a cow on Friday, July 10.
I hope that they don't announce this on Oprah, or there won't be any left!
Read more:
http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/06-30-2009/0005052673&EDATE=
Tuesday, June 30, 2009
Restaurant Industry Outlook Softened in May as Restaurant Performance Index Posted First Decline in Five Months
WASHINGTON, June 30 /PRNewswire-USNewswire/ -- The outlook for the restaurant industry was dampened somewhat in May, as the National Restaurant Association's comprehensive index of restaurant activity registered its first decline in five months. The Association's Restaurant Performance Index (RPI) - a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry - stood at 98.3 in May, down 0.3 percent from April and its 19th consecutive month below 100.
Read more:
http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/06-30-2009/0005052755&EDATE=
Read more:
http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/06-30-2009/0005052755&EDATE=
Super Yacht hotel project delayed in London
The Super Yacht hotel due to open in London, is on hold owing to the economic crisis
Aquiva, the 170 meter long super yacht-hotel, is permanently anchored at London’s Docklands and is to be converted into a hotel. Featuring 158 rooms and suites, an on-board ballroom, a spa, gym, pool, and a celebrity chef restaurant and bar it is to be a contemporary luxury hotel.
Read more:
http://www.worldinteriordesignnetwork.com/news/super_yacht_hotel_project_delayed_in_london_090629
Aquiva, the 170 meter long super yacht-hotel, is permanently anchored at London’s Docklands and is to be converted into a hotel. Featuring 158 rooms and suites, an on-board ballroom, a spa, gym, pool, and a celebrity chef restaurant and bar it is to be a contemporary luxury hotel.
Read more:
http://www.worldinteriordesignnetwork.com/news/super_yacht_hotel_project_delayed_in_london_090629
Premium Bars in asset sale talks
Premium Bars & Restaurants, the owner of the Prohibition and Living Room bar chains, is in exclusive talks to sell some or all of its assets to the Reuben brothers, the billionaire property investors.
David and Simon Reuben, the company’s biggest shareholders with a 32.5 per cent stake, are understood to have offered to buy all but five of PBR’s 47 sites for £52m.
Read more:
http://www.ft.com/cms/s/0/733c438c-64e6-11de-a13f-00144feabdc0.html
David and Simon Reuben, the company’s biggest shareholders with a 32.5 per cent stake, are understood to have offered to buy all but five of PBR’s 47 sites for £52m.
Read more:
http://www.ft.com/cms/s/0/733c438c-64e6-11de-a13f-00144feabdc0.html
Widening losses put Globe in jeopardy
Questions were mounting over the future of Globe Pub Company after it reported another quarter of widening losses.
The company, owned by Robert Tchenguiz, the property entrepreneur, has been in default of its securitisation covenants for the past two financial quarters.
On Monday, the company warned there was little sign that a recovery was on the horizon
Read more:
http://www.ft.com/cms/s/0/9126ea34-64d0-11de-a13f-00144feabdc0.html
The company, owned by Robert Tchenguiz, the property entrepreneur, has been in default of its securitisation covenants for the past two financial quarters.
On Monday, the company warned there was little sign that a recovery was on the horizon
Read more:
http://www.ft.com/cms/s/0/9126ea34-64d0-11de-a13f-00144feabdc0.html
Disney to pump new funds into HK park
Walt Disney has agreed to finance a HK$3.63bn ($467m) expansion of its struggling theme park in Hong Kong to lure more visitors, following two years of “challenging” negotiations with the territory’s government.
Disney, which has a joint venture with the Hong Kong government to operate the park, will inject HK$3.5bn of new capital to fund the expansion. The US company will also put in HK$2.7bn by converting its loans in the partnership to equity.
Read more:
http://www.ft.com/cms/s/0/25166828-6567-11de-8e34-00144feabdc0.html
(you need to sign up for free membership)
Disney, which has a joint venture with the Hong Kong government to operate the park, will inject HK$3.5bn of new capital to fund the expansion. The US company will also put in HK$2.7bn by converting its loans in the partnership to equity.
Read more:
http://www.ft.com/cms/s/0/25166828-6567-11de-8e34-00144feabdc0.html
(you need to sign up for free membership)
Benihana Inc. Reports Fiscal Fourth Quarter & Full Year 2009 Results
MIAMI--(BUSINESS WIRE)--Jun. 29, 2009-- Benihana Inc. (NASDAQ: BNHNA; BNHN), operator of the nation’s largest chain of Japanese theme and sushi restaurants, today reported results for its 12-week fiscal fourth quarter and full year ended March 29, 2009.
Highlights for the Company's 12-week fiscal fourth quarter 2009 relative to the 12-week fiscal fourth quarter 2008 include:
Total restaurant sales increased 5.4% to $73.6 million
Opened 2 Benihana teppanyaki restaurants in Coral Springs, Florida and Columbus, Ohio
Restaurant operating profit of $11.4 million, or 15.6% of restaurant sales, compared to $9.7 million, or 13.9% of restaurant sales
Diluted earnings per share of $0.06, which included a $0.12 per diluted share compensation charge, net of tax, related to the retirement of the Company’s former Chief Executive Officer, compared to diluted earnings per share of $0.17. Exclusive of this compensation charge, diluted earnings per share totaled $0.18.
Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=111271&p=irol-newsArticle&ID=1303096&highlight=
Highlights for the Company's 12-week fiscal fourth quarter 2009 relative to the 12-week fiscal fourth quarter 2008 include:
Total restaurant sales increased 5.4% to $73.6 million
Opened 2 Benihana teppanyaki restaurants in Coral Springs, Florida and Columbus, Ohio
Restaurant operating profit of $11.4 million, or 15.6% of restaurant sales, compared to $9.7 million, or 13.9% of restaurant sales
Diluted earnings per share of $0.06, which included a $0.12 per diluted share compensation charge, net of tax, related to the retirement of the Company’s former Chief Executive Officer, compared to diluted earnings per share of $0.17. Exclusive of this compensation charge, diluted earnings per share totaled $0.18.
Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=111271&p=irol-newsArticle&ID=1303096&highlight=
In Face of Adversity, Laid-Off Americans Find Silver Lining
Four in 10 say dismissal was blessing in disguise, SnagAJob.com survey finds
Displaying a perennial optimism that is perhaps characteristically American, four in 10 U.S. workers who recently have been laid off themselves, or are a significant other to someone who has, now believe getting the ax was a blessing in disguise.
Read more:
http://www.hotelresource.com/article39650.html
Displaying a perennial optimism that is perhaps characteristically American, four in 10 U.S. workers who recently have been laid off themselves, or are a significant other to someone who has, now believe getting the ax was a blessing in disguise.
Read more:
http://www.hotelresource.com/article39650.html
Vegas casinos offering bargains all over
LAS VEGAS, Nevada –- Two years ago Gary Hamm and his wife gambled $200 at the Bellagio.
About two months ago it paid off.
He opened the mailbox at his Tacoma, Wash., home and found an offer from Bellagio for three free nights plus $50 in free play and food and drink credits.
"I was amazed, really," said Hamm. "Usually you expect to hear from casinos if you gamble a lot of money. We stayed there for three days and really didn't gamble much."
Read more:
http://www.rgtonline.com/Article.cfm?ArticleId=85094&CategoryName=Vegas
About two months ago it paid off.
He opened the mailbox at his Tacoma, Wash., home and found an offer from Bellagio for three free nights plus $50 in free play and food and drink credits.
"I was amazed, really," said Hamm. "Usually you expect to hear from casinos if you gamble a lot of money. We stayed there for three days and really didn't gamble much."
Read more:
http://www.rgtonline.com/Article.cfm?ArticleId=85094&CategoryName=Vegas
Capital reports strong trading
Capital Pub Company has reported a 7% increase in pre-tax profit to £2.1m on turnover up 5% to £19.8m.
Capital, which has 25 London pubs, has complete the refurbishment of the entire estate, spending £1m in the financial year to 28 March.
Clive Watson, chief executive of Capital, said: “This is an encouraging set of results in what has remained a relatively resilient London trading market
Read more:
http://www.morningadvertiser.co.uk/news.ma/article/83579
Capital, which has 25 London pubs, has complete the refurbishment of the entire estate, spending £1m in the financial year to 28 March.
Clive Watson, chief executive of Capital, said: “This is an encouraging set of results in what has remained a relatively resilient London trading market
Read more:
http://www.morningadvertiser.co.uk/news.ma/article/83579
British Hospitality Association backs tips code of practice
Service charge controversy has 'damaged induustry's reputation'
The debate over tipping has damaged the reputation of UK pubs and restuarants, according to the chief executive of the British Hospitality Association (BHA).
Bob Cotton is now urging all restaurants to adopt a new code of practice on service charges, which is being developed in conjunction with the Department for Business, Innovation and Skills.
The governnment confirmed in May that the practice of using tips to boost staff pay to minimum wage levels will be illegal from October this year.
Read more at
http://www.thepublican.com/story.asp?sectioncode=7&storycode=64315&c=1
The debate over tipping has damaged the reputation of UK pubs and restuarants, according to the chief executive of the British Hospitality Association (BHA).
Bob Cotton is now urging all restaurants to adopt a new code of practice on service charges, which is being developed in conjunction with the Department for Business, Innovation and Skills.
The governnment confirmed in May that the practice of using tips to boost staff pay to minimum wage levels will be illegal from October this year.
Read more at
http://www.thepublican.com/story.asp?sectioncode=7&storycode=64315&c=1
