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Food Roundup: Cheesecake Factory's New Credit Terms, Tyson Pleads Guilty in Worker Death, and More

By Dan Mitchell | January 6th, 2009 @ 6:50 pm

Cheesecake Factory Renegotiates Credit — The restaurant chain entered into new terms on its $300 million in revolving credit. The company’s net fell in the third quarter by about $7 million to 11.8 million. [Source: Reuters]

Tyson Pleads Guilty in Worker Death — The world’s largest meat producer agreed to pay a $500,000 fine for violations that resulted in the death of a worker in Texarkana. Jason Kelley was killed in an accident at the plant in 2003. [Source: AP]

CKE, Chipotle, Yum Will Still Expand — Chain restaurants are hurting bad, thanks in part to a market glut. But some of the bigger chains – and particularly those that run fast-food outlets, which are generally doing well — still have expansion plans. [Source: TheStreet.com]

Busch-InBev to Close Historic Brewery — The beer giant will shutter the 600-year-old Stag brewery in London. The facility employs 182 people. [Source: AP]

Tags: Food, Associated Press, Brewery, Worker, Dan Mitchell

 
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    paulanndy

    01/07/09 | Reported as spam

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AboutFood Industry

BNET Food provides daily industry news coverage and insights for managers and executives, focusing on the major companies in the food and beverage sector, from manufacturers to retailers. In addition to detailed company profiles, we bring you critical analysis on new alliances and partnerships, new products, mergers and acquisitions, labor and cost management, investments and deal flow, and a host of other important business issues.