Tricon is primed to serve up a fast-food turnaround; operating earnings to show a big jump for year following PepsiCo spinoff
Article Abstract:
When Tricon Global Restaurants Inc. became the spinoff company comprised of Pizza Hut, Taco Bell and KFC sixteen months ago, it inherited $4.7 billion in debt along with everything else. That debt has been reduced by $1 billion already. Managers are beginning to act like owners and various incentives are now in place to work on employee turnover. Morale is up due to better management even without incentives. Many locations are getting renovated and customer service is a high priority.
Comment:
Fast food units no longer look and act like poor step-children
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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Jamba Juice's deal for Zuka may result in a profitable blend; 'Smoothie' market seems set to replicate coffee craze, some observers predict
Article Abstract:
In an all-stock deal San Francisco-based Jamba Juice Inc. is expected to buy another smoothie bar enterprise based in Salt Lake City, Zuka Juice Inc. Together there will be 220 stores selling made-to-order juice and nutrient based drinks. Over the next five years, Jamba also plans to install drink bars in 75 of Whole Foods Markets through a licensing agreement.
Comment:
Utah-based juice drink firm to be acquired by Jamba
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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Comment about this article or add new information about this topic:
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