Restaurant Industry News - Development

Real Mex Restaurants, Inc. said its board has approved a bid to acquire virtually all assets of the Company and its subsidiaries from a newly created entity associated with certain of the Company’s noteholders including affiliates of Tennenbaum Capital Partners, Z Capital Partners and J.P. Morgan Investment Management.

As part of its ongoing efforts to help elevate the coffee industry in China’s Yunnan Province, Starbucks Coffee Company (NASDAQ: SBUX) announced that it has signed an agreement to form a joint-venture company with Ai Ni Group, one of the province’s most established coffee operators and agricultural companies in Yunnan.

CiCi's Pizza, home of the custom pizza buffet, announced today its 2012 growth plans to support its continuing 10-year "Build the Brand" initiative to add 500 new restaurants by 2020.

Togo's Eateries, Inc. experienced an unprecedented year of growth in 2011 with the signing of 23 agreements for new restaurants and the opening of seven new California restaurants, including a new company-owned prototype in Pleasant Hill, CA.

UFood Restaurant Group Inc. (OTCBB: UFFC) announced today that the company has signed an agreement with Euro Café Corporation to create co-branded restaurant concepts. The companies will explore development opportunities at airports, shopping centers, malls, college campuses, hospitals, casinos, health clubs and military bases.

The Wendy’s Company (NASDAQ: WEN) announced plans to build 20 and remodel 50 Company-operated restaurants in the U.S. and Canada in 2012 with new, bold and contemporary designs that greatly enhance the customer experience.

The 50/50 joint venture, named TATA Starbucks Limited, will own and operate Starbucks cafés which will be branded as Starbucks Coffee 'A Tata Alliance.'

Del Taco announced that it has signed a three-unit development deal with DT Restaurants of Texas. The first location will be at Hawk's Creek Center, 520 State Hwy 183 in Fort Worth, and is expected to open in April.

BuscaTuFranquicia.com is pleased to report that registrations from Hispanic entrepreneurs who are looking to open a food franchise have increased compared to 2010 figures. Furthermore, food franchises all across the United States have seen growth during 2011.

UFood Restaurant Group, Inc. (OTCBB: UFFC) announced that the company has signed an agreement for global military base development of 26 UFood Grill units with MBUF, LLC, a private investment group of military veterans and a subsidiary of Dark Horse Capital Partners.