Monday, January 10, 2011

Canadian-Wild Wing Restaurants Launching Lawsuit vs American Buffalo Wild Wings

(Hospitality Business News)  In response to Buffalo Wild Wings announcement of their first store in Oshawa, WILD WING, Canada's fastest growing chicken wing restaurant chain, is commencing a Federal Legal Claim with respect to their intellectual property matters. Wild Wing claims that the name “Buffalo Wild Wings” is too close to their registered name and will cause confusion among both Franchisees and Consumers. WILD WING vows to protect its reputation in association with their trademarks in Canada.

 "The growth of WILD WING is attributed to its loyal customers, hard working franchisees and the very dedicated support staff; I personally thank everyone and look forward to helping so many other people achieve their goals and dreams through my amazing journey" stated Rick Smiciklas founder and owner of the company.

WILD WING is the number one chicken wing brand in Canada and attributes this success to the strength and history of the WILD WING brand.
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80 Qatar eateries put on notice over service charge

DOHA: The Ministry of Business and Trade has issued notices to 80 hotels in the city  to immediately stop adding service charges in their bills.
These hotels were given until yesterday to comply with the directive, which is prohibited by the consumer protection law of the county. The ministry could take legal action against these hotels if they are found adding extra charges despite the warning.
The notices were issued following customer complaints about services charges being levied by some restaurants.
The consumer protection department of the Ministry of Business and Trade early last year banned the practice. It said that the hotels had no right to levy additional charges on top of the price mentioned in the menu. It also ran a campaign about the issue to create awareness among the public.

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Westin hotel owners write off €21.4m business loan

The owners of Dublin's five-star Westin Hotel, based in a building owned by Treasury Holdings, have been forced to write off a €21.4m loan given to the business.

The hotel, which is losing €4.5m a year, is owned by US group Starwood Hotels, but the property has been loss-making since it opened, accounts for Westin Hotels Ireland state.

In April, Starwood, which describes itself as the "principal provider of finance" to the hotel, waived all rights to repayment of loans worth €21.4m, plus accrued interest of €2.5m. The balance sheet of the company shows accumulated losses of €31.3m to the end of 2009.

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Irelands Moran's Hotel Group posts 60M euros loss

ONE OF the country’s largest hotel groups, Moran Hotels, suffered losses of €60 million last year, primarily due to an interest charge of €35 million. The company had €678 million of bank loans on its balance sheet as of January 31st, 2010.

TS Taverns, the company behind the Bewleys hotel chain and the Red Cow Inn, posted pretax losses of €46.7 million for the year ended January 31st, 2010, marginally lower than the €47.7 million loss posted the previous year. However, a €15.7 million property impairment charge pushed the total recognised losses to €60.1 million.

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