Restaurant Industry News Archive for 2009

Following the recent sale of the original location to Lemmon Avenue Holdings, BSCH, Inc. - the partnership between Omni Hotels & Resorts and Bill Lenox which owns the restaurant's brand - has reached an agreement for the renowned restaurant to continue to operate as a Bob's Steak & Chop House.

The Steak n Shake Company (NYSE:SNS) announced today its intent to acquire 100% of the issued and outstanding shares of common stock of Fremont Michigan InsuraCorp, Inc. (OTC:FMMH.OB) (BULLETIN BOARD: FMMH.OB) that it does not already own, through an appropriate acquisition entity for $24.50 per share. 50% of the Purchase Price would be paid in cash, and 50% would be paid in shares of the common stock of Steak n Shake

Brinker International, Inc. (NYSE:EAT) announced the opening of the first Maggiano's(R) location in Saudi Arabia, which also marks the only franchised Maggiano's restaurant outside of the United States.

A lawsuit filed Monday alleges that the Giuseppe Cipriani's famed event, catering and restaurant enterprise violates federal and New York state labor laws, according to Outten & Golden LLP and Fitapelli & Schaffer, LLP.

Diversified Restaurant Holdings, Inc. (OTCBB: DFRH), the owner/operator and soon to be franchisor of the unique, full service fast-casual restaurant and bar Bagger Dave's Legendary Burgers & Fries(R) and a leading franchisee and restaurant manager for Buffalo Wild Wings(R), announced today that its wholly owned subsidiary, AMC Wings Inc., has received a financing commitment for the establishment of its eighth Buffalo Wild Wings(R) franchise location. DRH also manages and operates nine Buffalo Wild Wings franchises owned by affiliated parties.

Real Mex Restaurants, Inc. announced today that Steve Tanner, Executive Vice President and Chief Financial Officer, will be leaving the company effective February 12, 2010. The company has begun a search for a replacement.

The French Culinary Institute is pleased to announce the creation of the Union Square Hospitality Group Restaurant Management Scholarship, a full scholarship for the Restaurant Management course at The French Culinary Institute.

Rock fish, 401K withdrawals, shopping bags and snowflakes: When deciphering America's economic future, tea leaves come in many forms.

The H-2B Workforce Coalition believes that it is important for Congress to address comprehensive immigration reform, including much needed relief for many seasonal industries that use the H-2B program to supplement their year-round domestic work force during peak seasons when too few American workers are available.

Update from Restaurantchains.net on growing and emerging restaurant concepts