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Finance / Investment News

New leadership at McDonald’s South Africa

March 17, 2011

Cyril Ramaphosa, a prominent Johannesburg-based businessman, has taken over McDonald’s restaurants in South Africa.

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KFC terminates franchise rights for noncompliance

March 17, 2011

KFC Corp. has pulled the franchise rights for Cleveland-based Morgan’s Foods Inc. The move affects 10 units in Ohio and western Pennsylvania.

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L.A. equity firm buys large Taco Bell franchisee

March 17, 2011

Brentwood Associations, a Los Angeles-based private equity investment firm, has acquired K-Mac Holdings Corp., the third largest Taco Bell franchisee in the…

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Major Taco Bell franchisee sold on strong ROI

March 16, 2011

Stamford, Conn.-based Olympus Partners announced that it has sold K-Mac Holdings Corp. K-Mac, headquartered in Ft. Smith, Ark., is the third largest Taco Bell…

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Krispy Kreme sets Q4 '11 results call

March 16, 2011

Winston-Salem, N.C.-based Krispy Kreme Doughnuts Inc. plans to release its financial results for the fourth quarter and fiscal year 2011 on March 31, shortly…

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Dunkin’ Donuts signs 5-unit deal in Florida

March 15, 2011

Dunkin’ Donuts has signed a multi-unit store development agreement with Alex and Randy Fernandez and Gloria Lengyel to open five restaurants in Polk County…

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Popeyes sales outpacing general QSR segment

March 9, 2011

AFC Enterprises Inc., franchisor and operator of Popeyes restaurants, reported results for fiscal 2010 ended Dec. 26, 2010.

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Sonic’s Q2 numbers up

March 7, 2011

Sonic Corp.’s sales for both company-owned drive-ins and the system were positive for the second fiscal quarter ended Feb. 28.

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GE Capital lends $13.2 million to Hardee’s franchisee

March 7, 2011

GE Capital, Franchise Finance provided $13.2 million in financing to Ponder Enterprises Inc., one of Hardee’s largest franchise operators.

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Yum! Brands sets conference schedule

March 2, 2011

Louisville, Ky.-based Yum! Brands, parent company of Taco Bell, Pizza Hut and KFC, will present at the Bank of America Merrill Lynch Consumer Conference March…

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Wendy’s/Arby’s Group sets conference schedule

March 1, 2011

Wendy’s/Arby’s Group Inc. plans to participate in three upcoming investor conferences, including:

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CKE Restaurants’ franchisees offered financing aid

February 28, 2011

CKE Restaurants Inc. has selected New York City-based BoeFly, an online marketplace that executes commercial transactions, to assist its franchisees in…

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Krystal names new CFO

February 28, 2011

Chattanooga, Tenn.-based Krystal Company has named Bob Marshall as its new chief financial officer, effective immediately.

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Church’s Chicken completes debt refinancing

February 27, 2011

Church’s Chicken has closed a new asset-backed securitization, comprised of $220 million of senior secured notes, which have a maturity date of February 2018…

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Jack in the Box Inc. beats expectations

February 23, 2011

Jack in the Box Inc., parent company of Jack in the Box and Qdoba, reported its first quarter earnings for fiscal 2011, ended Jan. 23. The company reported net…

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Major BK franchisee splits up company

February 23, 2011

Carrols Restaurant Group Inc., parent company of Syracuse, N.Y.-based Carrols Corporation, operater of more than 300 Burger King restaurants, announced…

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Tim Hortons on a roll in 2010

February 22, 2011

Tim Hortons Inc. reported fourth quarter 2010 and year-end results ended Jan. 2, which included robust same-store growth sales in both the U.S. and Canada.

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Dunkin’ Brands re-prices outstanding term loan

February 20, 2011

Canton, Mass.-based Dunkin’ Brands Inc., parent company of Baskin-Robbins and Dunkin’ Donuts, has completed the re-pricing of its term loan.

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Brazil Fast Food 2010 sales up 12 percent

February 16, 2011

Brazil Fast Food Corp., which operates almost 800 Yum! Brands units in Brazil, including KFC and Pizza Hut São Paulo, announced financial results for the…

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Jack in the Box results call set

February 16, 2011

Jack in the Box Inc. will report first quarter fiscal 2011 operating results after market close Feb. 23. The company will host a conference call to review the…

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