KFC tried to rid itself of a 28-unit California and Minnesota franchise. Now it has its wish but not the way it wants.
Sun Capital continues to implode.
Round Table Pizza, the 500 unit, privately held pizza coop, filed for Chapter 11 reorganization Wednesday. The company could not pay down a $30M balance on a initial $65M line of credit negotiated with GE Capital and Prudential in 2006 as required.
I attended the 2010 UCLA sponsored Chain Restaurant Operators Conference yesterday. The GE Capital Finance representative indicated with me the change of GE's 2010 game rules in financing restaurants.
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