Weekly Food Industry Report: The Week of March 10, 2014

Contributor
A roundup of this week’s food industry financial news
Facebook/Sbarro

In an effort to reorganize and decrease its outstanding debt of about $140 million, Sbarro LLC filed a petition for Chapter 11 bankruptcy protection.

Every week, we take a look into some of the biggest financial news to emerge from the world of food. Here is this week’s:

Sbarro LLC: In an effort to reorganize and decrease its outstanding debt of about $140 million, the company filed a petition for Chapter 11 bankruptcy protection.

Ignite Restaurant Group Inc.: The parent company of Joe’s Crab Shack and Brick House Tavern + Tap named John Gilbert — former chief executive of Famous Dave’s — president of Macaroni Grill.

Bob Evans Farms Inc.: In the third quarter, the company recorded a profit despite taking a $7.2 million hit in sales related to severe winter weather, the company said Tuesday.

Famous Dave’s of America Inc.: President and chief operating officer, Christopher O’Donnell, of Famous Dave’s of America was asked to leave the company.

Brinker International Inc.: The company’s chief financial officer Guy Constant resigned, effective immediately.

Zoe’s Kitchen Inc.: The company filed for an $80.5 million initial public offering of stock with revenues of $116.4 million for the 2013 fiscal year, compared with $79.7 million the year before.

Jamba Inc.: The company narrowed its losses in the fourth quarter, making fiscal 2013 its third consecutive year of same-store sales growth.

We’re always on the lookout for new financial news, so let us know!

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