PROFILE |
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FRD Acquisition is about family values you can eat. A subsidiary of Advantica Restaurant Group, FRD operates and franchises its parent's Coco's and Carrows family-dining restaurants. In the US it operates about 270 locations and franchises another 60 units in 10 states (about 180 are Coco's; Carrows numbers nearly 150 units). Nearly 90% of the eateries are in California. Coco's restaurants serve family-oriented, upscale American fare. Carrows, which focuses on families and seniors, emphasizes traditional food at reasonable prices. FRD also licenses about 300 Coco's restaurants in Japan, South Korea, and the United Arab Emirates. To speed up Advantica's desired sale of Coco's and Carrows, FRD filed for Chapter 11 in 2001.
COMPETITION |
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Brinker International, Inc. (EAT)
Darden Restaurants, Inc. (DRI)
Shoney's, Inc. (SHOY)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 371.10
1-Yr. Sales Growth: (4.8)%
Employees: 10,900
Revenue per employee: $34,045.87
KEY PEOPLE |
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David O. Devoy
CEO
David O. Devoy
CFO
CONTACT INFO |
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3355 Michaelson Dr., Ste. 350
Irvine, CA 92612
US
Phone: 949-251-5700
Fax: 949-251-5310
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