System-wide sales grew 19.8% in the second quarter to R$207.9 million, driven by an increase in franchised points of sale as well as higher sales from company-owned stores.
Brazil Fast Food Corp. (OTCBB: BOBS), the second largest restaurant chain with 737 points of sale, and operating in Brazil under the (i) Bobs brand, (ii) KFC and Pizza Hut São Paulo as franchisee of Yum! Brands, and (iii) Doggis as franchisee of GED, today announced the sale of all real estate assets held by Venbo Comércio de Alimentos Ltda, the Companys operating subsidiary, to Bigburger Ltda. and CCC Empreendimentos e Participações Ltda., entities controlled by Mr. José Ricardo Bomeny and Rômulo B. Fonseca, respectively, who are significant stockholders of the Company.
Brazil Fast Food Corp. (OTC Bulletin Board: BOBS.OB) the second largest restaurant chain with 737 points of sale, operating in Brazil under the Bobs brand, KFC and Pizza Hut São Paulo as franchisee of Yum! Brands, and Doggis as franchisee of GED, today announced the results of its 2010 annual general meeting of shareholders held on Tuesday, June 29, 2010 at Brazil Fast Foods corporate headquarter located in Rio de Janeiro, Brazil.
Brazil Fast Food Corp. (OTC Bulletin Board: BOBS.OB) the second largest restaurant chain with 678 points of sale, operating under the Bob's, KFC, Pizza Hut, and Doggis brands in Brazil, announced today that it has appointed a reconstituted Board of Directors with four new members to join the six member Board for a term expiring at the annual meeting of stockholders in 2010.