Restaurants & Bars

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Y's table to dissolve subsidiary and sub-subsidiary

Wednesday, 18 Nov 2015 03:30am EST

Y's table Corp:Says to dissolve and liquidate a wholly owned Hong Kong-based subsidiary Y’S TABLE INTERNATIONAL CO., LIMITED and its wholly owned Shanghai-based management subsidiary.

Humanweb announces transition to holding company structure

Friday, 13 Nov 2015 01:00am EST

Humanweb Inc:To restructure the company into a holding company, effective Dec. 1.

Yum! Brands Inc announces intention to separate into two publicly traded companies

Tuesday, 20 Oct 2015 07:00am EDT

Yum! Brands Inc:Announces intention to separate into two publicly traded companies.Says China division to become independent company focused on growth in mainland China.Does not expect to have incremental ongoing operating costs associated with operating as two separate, publicly-traded companies.Says the transaction is expected to be completed by the end of 2016 and is intended to qualify as a tax-free reorganization.As an independent company, Yum! China will have a predominantly Chinese leadership team.Says upon completion of the separation, Yum Brands! will be led by greg creed, and Yum! China will be led by micky pant.Effective January 2016, co's India business to integrate three restaurant brands into global kfc, pizza hut,taco bell divisions of Yum Brands!.Yum! China will become a franchisee of Yum Brands! in mainland China;will have exclusive rights to kfc,pizza hut, and taco bell.Yum! China is expected to have no significant debt, with "substantial financial capacity to invest in its business".Yum Brands! will become more of a "pure play" franchisor over time.Yum Brands! is targeting having at least 95% of its restaurants owned and operated by franchisees by the end of 2017.

Yum! Brands nears conclusion of strategic review

Thursday, 15 Oct 2015 04:30pm EDT

Yum! Brands Inc:Announced today it is nearing conclusion of its strategic review, the appointment of Keith A. Meister to its Board of Directors.Says the company said its Board and management are close to concluding their thorough review of strategic options, including those related to the Company's structure, and intend to communicate the outcome shortly.

Sanko Marketing Foods to merge wholly owned subsidiary

Thursday, 8 Oct 2015 02:00am EDT

Sanko Marketing Foods Co Ltd:Says to merge wholly owned Tokyo-based subsidiary that has been engaged in member recruitment and management of eateries franchise.Subsidiary to be dissolved after merger.Planned effective Dec. 25.

FRIENDLY announces result of early-retirement program and expects extraordinary loss for Q2 of FY 2016

Wednesday, 7 Oct 2015 03:00am EDT

FRIENDLY CORP:Says 32 employees took up the offer of the early-retirement program announced on Sep. 8.Says it expects an extraordinary loss of 60 million yen for Q2 of the fiscal year ending March 2016.Says the loss is recorded as a loss of early retirement expenses.

New Palace International to dissolve company

Tuesday, 6 Oct 2015 07:10am EDT

New Palace International Co Ltd:To dissolve a Harbin-based restaurant management 35 pct stake owned company.

WATAMI to merge wholly owned subsidiary

Friday, 2 Oct 2015 04:00am EDT

WATAMI CO LTD:Says to merge a wholly owned Tokyo-based subsidiary Watami Food Systems Co.,Ltd.Says Watami Food Systems Co.,Ltd. to be dissolved after merger.Planned effective Dec. 1.

Skylark announces transition to holding company

Thursday, 17 Sep 2015 02:00am EDT

Skylark Co Ltd:To restructure the company into a holding company.To establish a wholly owned subsidiary in Tokyo on Sep. 17 to takeover part of restaurant business from the company, and planned effective Jan. 1, 2016.


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