May 28, 1998
* Boston Chicken Inc., operator of Boston Market restaurants, hired Morgan Stanley Dean Witter Discover & Co. to sell its 52% stake in Einstein/Noah Bagel Corp. in an effort to ease its cash crunch. The company could raise more than $90 million in the sale. * RJR Nabisco Holdings Corp.
June 5, 2001 |
New World Coffee-Manhattan Bagel Inc. will buy the assets of bankrupt Einstein/Noah Bagel Corp. for about $160 million in cash to become the largest chain of bagel bakery shops. New World shares soared 47 cents, or 42%, to close at $1.60 on Nasdaq. The Eatontown, N.J.-based company, the winning bidder in Friday's auction in U.S. Bankruptcy Court in Phoenix, also will assume as much as $30 million in liabilities in the deal.
February 14, 2001 |
Einstein/Noah Bagel Corp., the No. 1 U.S. chain of bagel shops, said it will ask a bankruptcy judge for permission to sell most of its assets for $145 million to the equity firm Three Cities Fund III. Golden, Colo.-based Einstein/Noah, with 461 stores in 29 states and the District of Columbia, filed last April in U.S. Bankruptcy Court in Phoenix for Chapter 11 protection from creditors, citing heavy debt and weak-performing stores.
April 28, 2000 |
Struggling Einstein / Noah Bagel Corp., the country's largest bagel chain, filed a Chapter 11 bankruptcy petition Thursday and shuttered 74 of its stores around the country in an attempt to unburden itself from a mountain of debt. Twenty Noah's Bagels stores were closed Thursday morning from Santa Barbara to San Diego, just less than half of its 50 Southern California locations.
September 7, 1997 |
They're 20, they're hip and, more and more often, they're unionized. A growing number of young employees are demanding higher wages and better benefits from what might seem like unlikely sources. Their employers include Starbucks, Borders Books & Music and Noah's Bagels, all companies that have prided themselves on progressive, employee-friendly policies. Each, however, has gone public.
May 29, 2007 |
United Online Inc. is preparing for life after dial-up. The Woodland Hills Internet service provider still gets two-thirds of its revenue and most of its profit from providing Internet access -- mostly through the dial-up connections it helped pioneer with its low-cost NetZero and Juno brands. Tech experts have long said that the market for dial-up Internet access is dying, but its staying power surprises even United Online's chairman and chief executive, Mark R. Goldston.