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2008-09-02 Restaurant Industry News Highlights

Features

Consumer Recourse - We Cannnot Hide The Warts Anymore - By J. Ragsdale Hendrie
Remember when Restaurants, B&B's and small resorts said that they did not need to have a web site or even advertise, because their business was based upon families and friends who have visited for generations. ...more

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Trends

Restaurant Industry Performance Remained Soft as Restaurant Performance Index Was Unchanged in July
Operators reported lower sales and traffic levels, Economy and food costs are the top concerns ...more

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Technology

Caribou Coffee Brews Succession Management Strategy with SuccessFactors
Company Uses Talent Management Software to Retain Top Performers, Increase Employee Engagement and Facilitate Development Planning ...more

The Coffee Bean & Tea Leaf(R) Announces 'Totally Free' Wi-Fi Program
Most Company-Owned Stores Will Offer Free Internet Access by September ...more

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Development

Richelieu Foods Acquires Sara Lee's Sauces and Dressings Foodservice Business
Richelieu Foods, Inc. is pleased to announce that it has acquired the Sauces and Dressings business from Sara Lee Foodservice. The Sauces and Dressings business manufactures a variety of products including: salad dressing, mayonnaise and barbeque sauce for national restaurant and foodservice distribution customers. ...more

Hardee's Sells 29 Restaurants as Part of Ongoing Strategic Refranchising
CKE Restaurants, Inc. (NYSE:CKR) announced today the sale of 29 Hardee's(R) restaurants as part of its ongoing strategic refranchising program that was originally announced in April, 2007. To date, the Company has sold 224 restaurants to franchisees and secured commitments for 105 new franchise restaurants under development agreements for those markets. ...more

OJSC Rosinter Restaurants Holding Introduces its Planet Sushi Brand to Estonia
OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurants operator in Russia and the CIS (RTS, MICEX: ROST), announces the introduction of its Planet Sushi brand to the Estonian market ...more

Shawn 'JAY-Z' Carter and Partners to Sell Las Vegas 40/40 Club
Business mogul Shawn 'JAY-Z' Carter and his partners have announced today the sale of the 40/40 Club in Las Vegas for an undisclosed amount. ...more

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Financial

Benihana Inc. Reports Fiscal First Quarter 2009 Results
For fiscal first quarter 2009, total revenues increased 5.0% to $94.5 million. ...more

Trigild Tapped to Secure and Close 37 Bennigan's, Steak & Ale Restaurants
Restaurants Shutter Doors After Declaring Bankruptcy ...more

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Other

DDIFO Concerned about Litigation at Dunkin' Brands
The DD Independent Franchise Owners, which represents the largest association of Dunkin' Donuts franchise owners in the U.S., is concerned that publicity surrounding lawsuits against franchisees is ultimately damaging to the health and reputation of the Brand. ...more

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 .  Development : 4 new
 .  Features : 1 new
 .  Financial : 2 new
 .  Other : 1 new
 .  Technology : 2 new
 .  Trends : 1 new

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