TAMPA -- Bloomin' Brands announced Tuesday that it will sell off its 27 Roy's restaurants as part of a company restructuring.
The Tampa company that is responsible for Outback Steakhouse, Bonefish Grill, Carraba's Italian Grill and Fleming's Prime Steakhouse and Wine bar made the announcement in its third quarters results. The Hawaiian-inspired Roy's maintains a restaurant beside Fleming's in Sarasota at 2001 Siesta Drive.
Bloomin' recorded a pre-tax impairment and other charges of $6.1 million for assets held for sale in relation to the move, according to the announcement. The restructuring includes selling two corporate jets. The company also announced it will close 34 Outback restaurants in South Korea while opening 16 new locations in Brazil as part of its restructuring.
"In addition, we have taken significant restructuring measures to right-size our business in Korea and optimize our infrastructure for growth," CEO Elizabeth Smith said. "Third quarter results coupled with our recent actions give us confidence that our growth strategies are working, and more importantly, we are well positioned for sustained long-term success."
Revenues at Bloomin' Brands increased 10 percent to $1.1 billion through the third quarter.
NASDAQ to de-list Rock Creek Pharmaceuticals
MANATEE -- The NASDAQ stock market plans to de-list Manatee County-based Rock Creek Pharmaceuticals on Thursday, according to a regulatory filing.
Rock Creek announced Monday that it will appeal NASDAQ's decision to regain compliance. The stock market is de-listing Rock Creek because it failed to maintain a minimum $1 bid price per share.
The company relocated this year to the offices of The Roskamp Institute at 2040 Whitfield Ave. and is now overseen by Roskamp's Michael J. Mullan. Rock Creek pulled its controversial Anatabloc product from the shelves this year, but plans to announce findings of the drug's main ingredient, anatabine, at a symposium this month.
Rock Creek, as RCPI, closed at 23 cents a share Tuesday.
Sarasota Kiwanis to host Veterans Day breakfast
SARASOTA -- The Sarasota Kiwanis Club will host a Veterans Day Breakfast to benefit the SCF Foundation Veterans Scholarship Fund and the Sarasota Kiwanis Foundation 7-9 a.m. Tuesday at Robarts Arena, 3000 Ringling Blvd.
Retired U.S. Marine Corps Lt. Col. Jack Carter will be the keynote speaker at the event, which salutes veterans from all branches of the U.S. military.
SCF President Dr. Carol F. Probstfeld and U.S. Marine Corps veteran Chris
topher Stough, the past president of the SCF Venice chapter of the Student Veterans of America who created the SCF Veterans Scholarship Fund, also will be featured speakers.
Tickets are $25 each. Make checks payable to the SCF Foundation and mail to Kim Noyes, 6120 S. Lockwood Ridge Road, Sarasota, FL 34231.
To purchase tickets online, visiteventbrite.com, enter the keyword "Kiwanis" and select the Sarasota Kiwanis Club Veterans Day Breakfast.
For more information, contact Noyes at 925-2970 or email@example.com.
Bon Worth, Haggar ranked among top outlets
A Consumer Reports survey ranks Bon Worth, L.L.Bean, Haggar and Carter's among the best outlet stores.
The stores earned the highest scores among 53 of the nation's major outlet chains, based on a survey of 15,789 CR subscribers.
The report, which includes the full ratings of outlet stores and tips for saving the most time and money, is available in the December issue of Consumer Reports and at ConsumerReports.org.
Consumer Reports' survey, which reflects 25,441 visits to outlet stores, reveals how the chains rate based on value, quality, selection and help. Overall, 67 percent of readers said they were completely or very satisfied with their experience, up from 60 percent in CR's 2010 survey. And most were happy with outlet deals -- 64 percent of store visits yielded a great value, and at 34 percent of stores prices were much lower than the sale prices at regular stores.
"Outlet malls are quite popular thanks to Americans' demand for bargains. Our survey revealed that some outlets do offer serious bargains on well-made merchandise," said Mandy Walker, senior projects editor for Consumer Reports.
On the low end of the survey, American Eagle Outfitters, Old Navy, Gap, Nike and Levi's had the lowest satisfaction and quality scores.
-- Herald staff reports