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2008-10-22 Restaurant Industry News Highlights

Trends

American Express Business Travel Announces Adjusted Results Of Forecast In Anticipation Of Global Economic Slowdown
Potential Decreases in the Cost of Airfares Likely, Prices Could Move from -3 Percent to 5 Percent for Domestic Air Travel in North America - Hotel Occupancy is Expected to Decline and Hold Rates Steady ...more

Restaurant Trends - Growing And Emerging Concepts - Data reflects change and activity from June 13, 2008 to October 13, 2008
Update from Restaurantchains.net on growing and emerging restaurant concepts ...more

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Technology

Taco Bell Franchisee Expands Agreement for the JobApp Network Hiring Solution
Lockwood-McKinnon Taco Ventures (Lockwood-McKinnon), a Taco Bell franchisee with 20 restaurants in Massachusetts and Rhode Island, and JobApp Network announced a new agreement encompassing the franchisee's restaurants. The decision to renew and add the balance of their restaurants to the agreement was based on the results of a highly successful initial roll-out involving 10 restaurants. ...more

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Development

Rubio's Restaurants, Inc. Rejects Unsolicited Letter of Interest as Not Being in Stockholders' Best Interests
Rubio's Restaurants, Inc. (NASDAQ:RUBO) today announced that its Board of Directors rejected the unsolicited acquisition proposal, dated October 15, 2008, from Kelly Capital. ...more

Bennigan's Poised for Growth as Ownership Finalized
Atalaya Capital Management and Bennigan's Franchising Company, L.P. are pleased to announce that the U.S. Bankruptcy Court for the Eastern District of Texas, Sherman Division, has approved the acquisition of Bennigan's Franchising Company by affiliates of Atalaya Capital, including the company's equity, trademarks and other assets, including the Tavern and Steak & Ale brands. Atalaya Capital expects to close on the acquisition on or before October 31, 2008. ...more

BURGER KING Brand Positioned for Growth in Taiwan
BK Asiapac, Pte. Ltd. and DaChan Great Wall Group Partner to Accelerate BURGER KING Restaurant Growth in the Taiwan Market ...more

Smashburger Secures Franchise Group for 30-Store East Coast Expansion
Mascott Corporation Signs Deal for Northeast New Jersey Territory and Becomes First Member of Smashburger 'Founders Club' ...more

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Financial

McDonald's Global Comparable Sales Fuel Strong Third Quarter Results
McDonald's Corporation (NYSE:MCD) today announced strong operating results for the third quarter, driven by global comparable sales growth of 7.1%. ...more

Metromedia Steakhouses Company, L.P. and Certain Affiliates File Chapter 11 Cases to Reorganize Around Franchise Operations and Core Restaurant Locations
Ponderosa(R) and Bonanza(R) Steakhouses Will Continue Operating Without Interruption During Reorganization - Franchised Stores Are Not Included in the Filings - DIP Financing Will Support Reorganization and Operations ...more

Luby's Announces Fourth Quarter & Fiscal 2008 Results
Q4 Same-Store Sales Declined 2.0% - Q4 Total Sales Declined 1.3% - FY 08 Same-Store Sales Declined 2.6% - FY 08 Culinary Contract Services Grew $6.1 Million Year-Over-Year ...more

CEC Entertainment Reports Results for Third Quarter 2008
CEC Entertainment, Inc. (NYSE: CEC) today reported net earnings of $9.9 million for the third quarter ended September 28, 2008, as compared to $15.9 million for the third quarter of 2007. ...more

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

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