Restaurant industry
Applebee's International, Inc. posted a strong first quarter earnings growth, driven by a 34% increase in operating revenues and a 77% increase in pro forma net earnings. The company's financial results reflect the combined earnings of Applebee's International and Innovative Restaurant Concepts, Inc. (IRC)
Restaurant industry
Apple South, Inc., the largest operator of Applebee's Neighborhood Grill and Bar restaurants, has signed a contract to acquire 18 Applebee's restaurants and related franchise rights from The Marcus Corporation for approximately $48 million in cash. The agreement, subject to approval by Applebee's International,
Commercial banks
Boston Chicken Inc.'s Philadelphia-based developer, Mid-Atlantic Restaurant Systems, L.P., has secured a significant $30 million multi-year senior credit facility with agent CoreStates Bank of Philadelphia. This financing will provide the necessary capital to complete Mid-Atlantic's development program, which aims to open a total of 118
Musicians
Archie Newman was a trailblazer on the classical music scene, bringing his unique blend of charm, humor, and expertise to the world of music promotion. As the director of public affairs at the Royal Philharmonic Orchestra (RPO) for nearly two decades, he navigated the orchestra through times of financial crisis
