Planet Hollywood proposing to die hard

Article Abstract:

The shareholders of the movie-themed restaurant chain Planet Hollywood International Inc of Orlando, FL, have proposed a multimillion-dollar bailout to save the financially troubled company, which has posted five consecutive losing quarters. The prepackaged Ch 11 bankruptcy filing would involve a $30-million equity investment from a group headed by Saudi Prince Waleed bin Talal and Singaporean billionaire Ong Beng Seng in exchange for a 70% stake. The proposal would also eliminate $250 million in bond debt in return for $47.5 million in cash, a 26.5% equity stake and other securities.

United States, Planet Hollywood International Inc.

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Country Style closes 25 more stores

Article Abstract:

Toronto, Ont.-based Country Style Food Services, which is Canada's third-largest doughnut retailer, has announced that it will close 25 more stores under its bankruptcy plan. Country Style, which has now closed fifty stores, has 150 franchised and corporate-owned stores left in its retail chain.

Eating places, Geographic, Legal/Government Regulation, Doughnuts, Cake Type, Marketing, Restaurant industry, Doughnuts, Country Style Food Services

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White bread makers try a new recipe

Article Abstract:

The details pertaining to the launch of new varieties of food products in bread category, which look similar to white bread but contain more fibre nutritional benefits of whole wheat by George Weston Ltd. and Canada Bread Co. Ltd. are presented.

Product information, Bakery Products, Bread, Product enhancement, Nutritional aspects, George Weston Ltd., Canada Bread Company Ltd.

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