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2008-06-19 Restaurant Industry News Highlights

Trends

Fast-Casual Chains Continue to Outperform Other Restaurants
According to foodservice consultant Technomic, the Top 100 fast-casual chains continued to be the growth vehicle for the limited-service restaurant industry in 2007, and outperformed the restaurant industry as a whole. ...more

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Appointments

The Steak n Shake Company Announces Appointment of New Chairman of the Board
The Steak n Shake Company (NYSE:SNS) today announced that its current board member, Sardar Biglari, has been appointed Chairman of the Board of Directors, replacing interim Chairman Wayne L. Kelley. ...more

The Cheesecake Factory Further Strengthens Its Restaurant Operations
The Cheesecake Factory Incorporated (NASDAQ: CAKE) announces a number of organizational changes within its Restaurant Operations team that are designed to leverage its deep pool of leadership talent and further strengthen the overall organization. ...more

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Development

Restaurant Acquisition Partners, Inc. to Merge with Oregano's Pizza Bistro, Inc.
Restaurant Acquisition Partners, Inc. (OTCBB:RAQP) (OTCBB:RAQPW) announced today that it has entered into definitive agreements to merge with privately held Oregano's Pizza Bistro, Inc.. ...more

CKE Restaurants, Inc. Signs Agreement to Bring 100 Carl's Jr.(R) Restaurants to China
CKE Restaurants, Inc. (NYSE:CKR) announced today its subsidiary, Carl Karcher Enterprises, Inc., has signed an agreement to open a minimum of 100 Carl's Jr. restaurants in the People's Republic of China over the next eight years. ...more

Rick's Cabaret International, Inc. Completes Purchase of Second Adult Nightclub in Dallas, Texas
Former Platinum Club II Will Become a Club Onyx ...more

Shaner Hotels Continues Restaurant Co-Branding Initiatives With Bonefish Grill Opening in Crowne Plaza Paramus
Building upon its successful track record of co-branding with national brand restaurants adjoining its select service hotels, Shaner Hotels and OSI Restaurant Partners, LLC have announced the opening of a new Bonefish Grill located in Shaner's full service Crowne Plaza hotel in Paramus, NJ. ...more

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Financial

NRF Welcomes Bipartisan Support of Legislation Requiring Visa and MasterCard to Negotiate Over Hidden Interchange Fee
The National Retail Federation today welcomed the addition of Senator Christopher 'Kit' Bond, R-Mo., as a co-sponsor of the Credit Card Fair Fee Act of 2008, saying the move shows lawmakers in both parties are increasingly concerned by hidden fees that cost the average family $427 a year. ...more

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Openings

Kona Grill Opens in Gilbert, Arizona
To Present at Oppenheimer Consumer Growth Conference in July ...more

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 Departments

Click on the department to go directly to these news items.

 .  Appointments : 2 new
 .  Development : 4 new
 .  Financial : 1 new
 .  Openings : 1 new
 .  Trends : 1 new

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