Key Developments For Einstein Noah Restaurant Group, Inc.
Einstein Noah Restaurant Group, Inc. (BAGL.O) (Consolidated Issue listed on NASDAQ Global Market)
Einstein Noah Restaurant Group, Inc. And Local Entrepreneurial Couple Open Einstein Bros. Bagels Franchise Location
Einstein Noah Restaurant Group, Inc. announced that Local husband and wife team Matt and Allison McKinney announced the opening of their Bros. Bagels franchise location at 4500 South Broadway in Tyler, Texas. Today's opening marks the first of three locations that the McKinneys will open in the Tyler market and the second franchise location in Texas, joining the Einstein Bros. Bagels in Frisco. The new restaurant is the fifth Einstein Bros. franchise location for the brand's parent company, Einstein Noah Restaurant Group, Inc. In addition to the McKinneys three-unit deal, Einstein Noah Restaurant Group has inked 10 other multi-unit franchise agreements to open locations in Jacksonville, Florida, Orange County, California, Northwest Arkansas, Augusta, Georgia, Colorado, Utah and multiple markets throughout Texas. The first franchised location opened in Jacksonville, Florida in Mid-April 2008. Additional openings are slated for late-2009 and beyond.
Einstein Noah Restaurant Group, Inc. Announces Appointment Of Jeff O'Neill As Chief Executive Officer
Einstein Noah Restaurant Group, Inc. announced that it has appointed Jeff O'Neill as Chief Executive Officer (CEO) and as a Director, effective immediately. Paul Murphy, who had been Chief Executive Officer, President, and Director since October 2003, has resigned.
Einstein Noah Restaurant Group, Inc. Moves To Settle Employees' Lawsuits-DJ
Dow Jones reported that Einstein Noah Restaurant Group, Inc. said that it has reached an agreement in principle to settle several putative class actions brought by former employees. The Company agreed to pay up to $2.5 million to settle these cases, according to a filing with the Securities and Exchange Commission.
Einstein Noah Restaurant Group, Inc. Signs Multi Unit Development Agreement
Einstein Noah Restaurant Group, Inc. announced the signing of a multi-unit development agreement with restaurateur Charles Loflin to franchise Einstein Bros. Bagels restaurants and continue to expand the brand in Texas.
Einstein Noah Restaurant Group, Inc. and ARAMARK Sign Multi Unit Development Agreement
Einstein Noah Restaurant Group, Inc. announced that it has signed a strategic license development agreement with ARAMARK, to open Einstein Bros. Bagels licensed locations over the next few years. The Einstein Bros. restaurants are planned to open in selected locations in which ARAMARK provides dining solutions.
