After a long and checkered history, Little Chef, the Britain’s 55-year-old restaurant chain, is back in the hunt for new owners. Home-grown fast-food and coffee-shop retail chains, including Costa Coffee, McDonald’s Corp. and KFC, are in the race to own the prime real estate – Little Chef.
James Packer, who is ranked in the top 200 richest people in the world, has ambitious plans of expanding his gambling empire. These days he is vitally interested in expanding in Sri Lanka as the small India Ocean island is considered a perfect place for a casino hub.
Dubai aims high as it has announced its plans to build the world’s biggest shopping mall and tallest hotel, not to mention gardens that are said to be larger than London’s Hyde Park. Dubai revives its property projects which have been postponed due to the global financial crisis. And it is not surprising that Dubai wants everything to be big as it always aims at showing off. So its big comeback is not unexpectedly revolving around the business of biggest.
McDonald’s Corp., the world’s biggest fast-food chain, posted a fall in global sales figures. According to a statement, the company saw the first drop in sales in almost 10 years. Certainly McDonald’s is struggling to keep growing amid unsteady global economic conditions.
Mitchells & Butler, the pubs and restaurant group, has announced Alistair Darby a new CEO after an 18-month search. The long search came to an end; however the newly appointed CEO, Alistair Darby, is said to have been poached by the pubs and restaurant group from its rival Martson’s. Mr. Darby had worked there as chief operating officer.
MGM Resort International, one of casino giants, will reveal its plans for an $800 million gambling resort, entertainment complex and housing development in Springfield. The casino will be built in city’s districts which were destroyed by a tornado in 2011. MGM Resort International, the Las Vegas-based company, decided to reveal its formal announcement regarding opening a resort casino on Wednesday.
As the leading global restaurant brand, Subway is a restaurant of choice for many loyal customers globally. The company offers quick but healthy nutritious meals encompassing a wide array of menus. The company’s growth is guided by the need to offer customers fresh, delicious, made-to-order sandwiches. Its global outlets continue to expand daily.
What’s that saying ? The way to a man’s heart is through his stomach ? Well, the restaurants we will feature here will, we promise, also find their way to every woman and child’s heart; restaurants sure to pamper your senses and nourish your soul. Extracted from the list of the S.Pellegrino World’s 50 Best [...]
This one is for all those of you who cannot resist a deliciously blended scoop of cold delight. The Frozen Haute Chocolate, (right) made by New York City eatery, Serendipity 3 and priced at a mind-blowing $25,000 has claimed a spot in the Guiness World Records as The World’s Most Expensive Dessert. Made from a [...]
Newspaper ads run on Wednesday, and supported by nutrition experts and consumers, urged the fast food chain, McDonalds’, to put childrens’ health first, and to stop marketing junk food to kids through Happy Meal Toys and Ronald McDonald, one of the world’s most recognizable clowns. In response, McDonald’s CEO, Jim Skinner, firmly defended Ronald at the [...]
London-based private equity group Duke Street Capital has acquired the upper-popular British noodle chain Wagamama in a £215 million deal. Lion Capital, owner of Wagamama of more than five years, took over the Japanese-style chain in 2005 for roughly £100 million, less than half of what they stand to gain by selling the business to [...]
Expanding faster than a waistline Little Lady Foods was founded in the Wrigleyville neighborhood of Chicago by the Esposito family in 1961. The small company was then purchased in 1984 by restaurateur, Angelo Geocaris, whose family had deep roots in the restaurant industry, with the vision to take his Barnaby’s pizzeria recipe into grocery stores [...]
While the U.S economy heals slowly and offers by hungry private equity firms tempt an increasing number of restaurant operators to put up all or parts of their companies for sale, Wendy’s/Arby’s Group announced their plans to sell their struggling Arby’s roast beef sandwich chain to focus on the Wendy’s hamburger business. Undoing a 2008 deal engineered [...]