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BUSINESS
October 31, 1998 | Barbara Marsh
Family Restaurants Inc., Irvine-based owner of El Torito and Chi-Chi's restaurant chains, said it completed its acquisition of Koo Koo Roo Inc. and plans to lay off 41 of the 50 employees at the chain's headquarters in Santa Monica. The combined company, Koo Koo Roo Enterprises Inc. in Irvine, doesn't plan to close any of its 313 restaurants, a spokesman said. Koo Koo Roo shareholders approved the deal Friday.
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CALIFORNIA | LOCAL
February 8, 2000
Koo Koo Roo Inc. said it has opened its 44th restaurant on Riverside Drive in Toluca Lake, near the Disney and Warner Bros. studios. The Irvine-based company is a subsidiary of Prandium Inc., which operates 300 restaurants in 27 states.
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BUSINESS
June 9, 1995 | Times Staff and Wire Reports
Koo Koo Roo Raises Funds for Accelerated Expansion: The restaurant chain said it raised $10 million in a private placement of new stock and warrants with an investment bank formed by former Chrysler Corp. Chairman Lee Iacocca. Koo Koo Roo Inc. said it will use the funding from Iacocca Capital Partners and Jefferies & Co. to expand its California Kitchen concept. Los Angeles-based Koo Koo Roo, which has 12 stores, plans to have as many as 30 restaurants operating by year-end.
BUSINESS
February 3, 2000 | Bloomberg News
A former director of the Koo Koo Roo Inc. restaurant chain pleaded guilty to profiting illegally from inside information about his board's decision to appoint Lee Iacocca acting chairman in 1998, federal authorities said. Donald B. Wohl faces as many as 20 years in federal prison and fines as high as $2 million. He entered his guilty plea before a federal judge and is scheduled to be sentenced April 24, said Thom Mrozek, a spokesman for the U.S. attorney's office in Los Angeles.
BUSINESS
November 11, 1995 | Times Staff and Wire Reports
Koo Koo Roo Inc. Reports Loss: The Los Angeles-based restaurant operator said it had a net loss of $1.19 million for its fiscal first quarter ended Sept. 26, compared to a loss of $840,000 for the period the year before. However, Koo Koo Roo said it had revenue of $5.58 million, compared to $2.62 million for the same period a year ago. The company, which operates 16 restaurants nationwide, is expanding the chain to sell more upscale food.
BUSINESS
February 2, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
Koo Koo Roo Enterprises Inc., said Monday it is being delisted by Nasdaq for not meeting one of the market's minimum requirements. The Irvine-based company's shares will begin trading today in the lower-profile over-the-counter market. Koo Koo Roo, which operates several restaurant chains, said it failed to meet the $5 minimum trading price required of new companies. While Koo Koo Roo Inc.
BUSINESS
August 26, 1998 | STEPHEN GREGORY, SPECIAL TO THE TIMES
In a bid to shed non-core businesses that have sapped its resources and added to profitability woes, Koo Koo Roo Inc. said Tuesday that it had sold its Color Me Mine chain of paint-your-own ceramics stores. Terms of the sale and the name of the Canadian company that bought the chain were not disclosed. Koo Koo Roo executives did not return phone calls, but Mike Rule, attorney for Family Restaurants Inc.
BUSINESS
March 28, 1996 | GEORGE WHITE, TIMES STAFF WRITER
Koo Koo Roo Inc., a fast-growing Los Angeles-based restaurant chain, said Wednesday that it has acquired a small chain of do-it-yourself pottery emporiums in an attempt to combine dining with art. Koo Koo Roo acquired Color Me Mine Inc., operator of four Los Angeles-area pottery studios where customers paint ready-made ceramics such as vases, bowls, goblets and platters. The restaurateur plans to build four to six of the craft studios next to new Koo Koo Roos this year.
BUSINESS
February 2, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
Koo Koo Roo Enterprises Inc. said Monday it is being delisted by Nasdaq for not meeting one of the market's minimum requirements. The Irvine-based company's shares will begin trading today in the lower-profile over-the-counter market. Koo Koo Roo, which operates several restaurant chains, said it failed to meet the $5 minimum trading price required of new companies. Although Koo Koo Roo Inc.
BUSINESS
February 2, 1992 | BRUCE HOROVITZ, TIMES STAFF WRITER
Everyone knows the fast-food industry is in a pickle. Everyone knows fast-food customers would rather gorge on greasy burgers than--ugh!--skinless chicken. And everyone knows that with a McDonald's on every corner, the last thing this country needs is another fast-food chain. Everyone but Mike Badalian.
BUSINESS
April 17, 1999 | Greg Hernandez
Former Chrysler Chairman Lee Iacocca said he is stepping down from the board of Koo Koo Roo Enterprises Inc. in order to devote his attention to EV Global Motors, a new venture of which he is chairman and chief executive. Iacocca, 74, will retain his stake in the Irvine-based restaurant company, which also owns the El Torito, Chi-Chi's and Hamburger Hamlet chains.
BUSINESS
April 17, 1999 | GREG HERNANDEZ, TIMES STAFF WRITER
Koo Koo Roo Enterprises Inc., owner of four restaurant chains that combined operate more than 300 eateries, said Friday it is changing its name for the third time in six years. The Irvine-based parent of the Koo Koo Roo, El Torito, Chi-Chi's and Hamburger Hamlet chains said it became known as Prandium Inc. beginning at the end of the business day Friday. The newest name comes from a Latin derivative for the English word "prandial," which means "of or relating to a meal."
BUSINESS
March 7, 1999
Koo Koo Roo Enterprises Inc.: The Irvine company, formerly known as Family Restaurants Inc., posted a 1998 net loss of $63.1 million, or 48 cents a share, compared with a net loss of $31.6 million, or 26 cents a share, for 1997. Sales for its three operating divisions, Koo Koo Roo, Chi-Chi's and El Torito, were up 2% to $472.7 million from $463.7 million.
BUSINESS
February 2, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
Koo Koo Roo Enterprises Inc., said Monday it is being delisted by Nasdaq for not meeting one of the market's minimum requirements. The Irvine-based company's shares will begin trading today in the lower-profile over-the-counter market. Koo Koo Roo, which operates several restaurant chains, said it failed to meet the $5 minimum trading price required of new companies. While Koo Koo Roo Inc.
BUSINESS
February 2, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
Koo Koo Roo Enterprises Inc. said Monday it is being delisted by Nasdaq for not meeting one of the market's minimum requirements. The Irvine-based company's shares will begin trading today in the lower-profile over-the-counter market. Koo Koo Roo, which operates several restaurant chains, said it failed to meet the $5 minimum trading price required of new companies. Although Koo Koo Roo Inc.
BUSINESS
October 31, 1998 | Barbara Marsh
Family Restaurants Inc., Irvine-based owner of El Torito and Chi-Chi's restaurant chains, said it completed its acquisition of Koo Koo Roo Inc. and plans to lay off 41 of the 50 employees at the chain's headquarters in Santa Monica. The combined company, Koo Koo Roo Enterprises Inc. in Irvine, doesn't plan to close any of its 313 restaurants, a spokesman said. Koo Koo Roo shareholders approved the deal Friday.
BUSINESS
June 11, 1998 | LESLIE EARNEST and STEPHEN GREGORY, SPECIAL TO THE TIMES
Koo Koo Roo Inc., the West Los Angeles-based chain of chicken eateries that has won customers but faltered financially, said Wednesday it will be acquired by Family Restaurants Inc., the privately held, Irvine-based owner of El Torito and Chi-Chi's restaurant chains. The deal, valued at $158 million, would create a publicly held, 325-unit restaurant company to be known as Koo Koo Roo Enterprises.
BUSINESS
August 26, 1998 | STEPHEN GREGORY, SPECIAL TO THE TIMES
In a bid to shed non-core businesses that have sapped its resources and added to profitability woes, Koo Koo Roo Inc. said Tuesday that it had sold its Color Me Mine chain of paint-your-own ceramics stores. Terms of the sale and the name of the Canadian company that bought the chain were not disclosed. Koo Koo Roo executives did not return phone calls, but Mike Rule, attorney for Family Restaurants Inc.
BUSINESS
June 11, 1998 | LESLIE EARNEST and STEPHEN GREGORY, SPECIAL TO THE TIMES
Koo Koo Roo Inc., the West Los Angeles-based chain of chicken eateries that has won customers but faltered financially, said Wednesday it will be acquired by Family Restaurants Inc., the privately held, Irvine-based owner of El Torito and Chi-Chi's restaurant chains. The deal, valued at $158 million, would create a publicly held, 325-unit restaurant company to be known as Koo Koo Roo Enterprises.
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