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2008-06-09 Restaurant Industry News Highlights

Development

Rick's Cabaret International, Inc. Sets New Date for Closing on Acquisition of Scores-Las Vegas Club
Rick's Cabaret International, Inc. (NASDAQ: RICK) said today it has extended the date for closing on the acquisition of the Scores-Las Vegas adult nightclub to July 2, 2008. ...more

Wingstop Restaurants, Inc. Signs Former NBA Players Gary Payton and Brian Shaw
Former NBA players Gary Payton and Brian Shaw have signed an agreement with Wingstop to open three restaurants in southern California. The agreement is through Wingmen Ventures, LLC, a franchise investment group that includes Payton, Shaw, Dornell Griffin, Stanley Bae and Mike Shockley. ...more

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Financial

McDonald's Global Comparable Sales Up 7.7% in May
U.S. comparable sales rose 4.3% - Europe comparable sales increased 9.6% - Asia/Pacific, Middle East and Africa comparable sales up 9.7% ...more

Nathan's Famous, Inc. Reports Year End Results and Adoption of Replacement Rights Plan
For the fifty-three weeks ended March 30, 2008, income from continuing operations increased by 11.7% to $4,849,000, or $0.75 per share as compared to $4,341,000 or $0.68 per share for the fifty-two weeks ended March 25, 2007. Total revenue from continuing operations increased by 10.3% to $47,395,000 for the fifty-three weeks ended March 30, 2008 as compared to $42,969,000 during fifty-two weeks ended March 25, 2007. ...more

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Internet

Cornell Roundtable Focuses on Marketing Challenge of Social Media
Hospitality marketers must rise to the challenge of determining how to use web-based social media to support marketing objectives, according to participants in the fourth annual Marketing Roundtable. Chaired by Lisa Klein Pearo, a faculty member at the Cornell School of Hotel Administration, the roundtable explored the relatively uncharted marketing terrain created by social media. ...more

Food & Beverage - Hospitality Education in Second Life - By Joe Dunbar
My HP Vista Notebook finally loads the Second Life viewer without crashing and I have been touring SL using my Inworld avatar, Limerick McMahon. ...more

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Openings

Red Robin Gourmet Burgers Continues Tennessee Expansion With Opening of Smyrna Restaurant
Casual dining restaurant to donate 50 cents from every gourmet burger sold to the National Center for Missing & Exploited Children during opening week ...more

Intercontinental Opens Vietnam's First High-End Italian Ristorante
InterContinental Hanoi Westlake has made another grand debut in Vietnam, this time with the country's first upscale Italian restaurant. ...more

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Other

Wolfgang Zwiener Files Countersuit Against Wolfgang Puck
Wolfgang Zwiener, the former veteran head waiter at famed Peter Luger Steakhouse in Brooklyn, NYC and current owner of highly-acclaimed steakhouses in New York, has filed a countersuit against Wolfgang Puck claiming Puck materially breached his contract with Wolfgang Zwiener by challenging Zwiener's use of the name Wolfgang's Steakhouse by Wolfgang Zwiener in connection with Mr. Zwiener's recently opened high-end steak house in Beverly Hills. ...more

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 .  Development : 2 new
 .  Financial : 2 new
 .  Internet : 2 new
 .  Openings : 2 new
 .  Other : 1 new

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