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2008-09-15 Restaurant Industry News Highlights

Features

The Power of Momentum: Companies That Build Their Wave and Ride It
How can a company deliver continuous, exceptional growth, year after year? J. C. Larreche, a professor of marketing at INSEAD, answers that question in his book, The Momentum Effect: How to Ignite Exceptional Growth. According to the author's research, momentum-powered firms delivered 80% more shareholder value than their slower rivals. ...more

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Development

Organic to Go Rapidly Expands 'Clean' Casual Dining in Washington, DC
Nation's First USDA Certified Organic Fast Casual Café Adds Two More Locations to East Coast Market ...more

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Financial

Uno Restaurant Holdings Corporation Decides to End Discussions With Bondholders and Pays Interest Ahead of September 15, 2008 Due Date
Uno Restaurant Holdings Corporation announced today that it has decided to end discussions with its bondholders regarding a proposed recapitalization of its balance sheet and has paid the interest payment on its bonds ahead of the September 15, 2008 due date. Uno also anticipates that future interest payments can and will be made in a timely fashion. ...more

Chipotle Mexican Grill, Inc. Comments on Third Quarter Trends
Chipotle Mexican Grill, Inc. (NYSE: CMG and CMG.B) announced a preliminary view of third quarter results today. Details for the full three month period ending September 30, 2008 will be discussed on the Company's upcoming quarterly conference call which is scheduled for the third week of October. ...more

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Openings

Las Vegas-LBS Burger Joint, a eco-friendly restaurant
LBS: A Burger Joint, slated to open September 23 at the Red Rock Casino Resort and Spa, will reinvent the classic American burger joint by offering home-style items prepared in an environmentally-friendly fashion with organic, artisanal ingredients. ...more

Fondue Restaurant Opening September 24th in Downtown Providence
The Melting Pot of Providence is in the final stages of construction and is scheduled to open September 24th. Located on St. Francis Street, in The Providence Place Mall, The Melting Pot is a dinner-only fondue restaurant that is locally-owned and operated. ...more

Kona Grill Closes Naples, FL Restaurant
Kona Grill, Inc. (NASDAQ: KONA), an American grill and sushi bar, announced that it has closed its restaurant in Naples, FL, effective this past Sunday. The location opened in November 2006 and had been challenged by volume, seasonality, and demographics since its inception. The Company is expected to take an impairment charge during the third quarter of 2008, although the specific amount has yet to be determined. ...more

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Other

Chef Jean-Georges Vongerichten To Operate Restaurant At Shangri-La Hotel, Vancouver
Jean-Georges to open first restaurant in Canada at Shangri-La Hotel, Vancouver ...more

Planet Hollywood International, Inc. Extends Subsequent Offering Period of Tender Offer for Shares of BUCA, Inc.
Planet Hollywood International, Inc. announced that its indirect wholly owned subsidiary, BUCA Financing LLC, has extended the subsequent offering period of its tender offer for all of the outstanding shares of common stock of BUCA, Inc. (NASDAQ:BUCA) to 12:00 Midnight, New York City time, on Tuesday, September 23, 2008, unless the Offer is further extended pursuant to and in accordance with the Merger Agreement. ...more

McDonald's Expands Premium Coffee Offerings in San Diego to Include Espresso-Based McCafé Coffees
New Coffee Selections Satisfy Consumers' Taste Preferences ...more

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 .  Development : 1 new
 .  Features : 1 new
 .  Financial : 2 new
 .  Openings : 3 new
 .  Other : 3 new

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