BNET Industries

Last Fiscal Year Sales:$198.0M
  • Private
  • US
Dow Jones Description

We are a restaurant company competing in the upscale casual dining market. As of April 1, 2007, we owned and operated 49 restaurants and franchised/licensed 12 restaurants primarily under one of the following names: Champps Americana, Champps Restaurant or Champps Restaurant and Bar. The first Champps opened in 1984. We operate and franchise / license restaurants in 21 states with larger concentrations of restaurants in the upper midwest and mid-atlantic regions. Champps menu consists of high quality ingredients, freshly prepared and served with exceptional service in an exciting environment through the use of videos, music, sports and promotions. Our restaurants generally are open seven days a week from 11:00 a.m. to 1:00 a.m. We serve our guests in the dining room and bar area during lunch, after work, during dinner and after dinner during our late night period. We opened one Company-owned restaurant in fiscal 2006. Also, a licensee/joint venture restaurant, in which we own an eight percent equity interest, opened in the Dallas/Fort Worth airport in October 2005. We do not expect to open any new stores in fiscal 2007. Our growth in fiscal 2006 and thus far in fiscal 2007 has been purposely modest as we concentrated on certain initiatives outlined below aimed at improving our existing operations and redefining our growth plans and site selection criteria. We expect to resume modest growth in fiscal 2008. ...

Director, Operations, Central OH, NC
Joe Gainor
Number of Employees 5,400
Contact Information

10375 Park Meadows Dr Ste 560

Littleton, Colorado 80124

www.champps.com

(303) 804-1333

NAICS Code Full-Service Restaurants: 722110

Decision Makers

Name (plus bio) Position
Joe Gainor Director, Operations, Central OH, NC
John Krizman Director, Operations, Northern OH, GA, FL
Kelly Day Director, Operations, CA, MN
Mark Moylan Director, Operations, MI
Scott Weber Director, Operations, VA
Stan Ryback Director, Operations, MD, NJ, PA

Board of Directors

Name (plus bio) Position
Charles G. Phillips Board of Directors

Organization Position Status
Champps Entertainment, Inc. Director, Operations, Central OH, NC Current

Organization Position Status
Champps Entertainment, Inc. Director, Operations, Northern OH, GA, FL Current

Organization Position Status
Champps Entertainment, Inc. Director, Operations, CA, MN Current

Organization Position Status
Champps Entertainment, Inc. Director, Operations, MI Current

Organization Position Status
Champps Entertainment, Inc. Director, Operations, VA Current

Organization Position Status
Champps Entertainment, Inc. Director, Operations, MD, NJ, PA Current

Charles G. Phillips, age 57, was appointed to the Board of Directors of the Company on March 15, 2006 pursuant to the Merger Agreement. He joined Prentice Capital Management, LP as Chief Operating Officer and as a member of the investment team in 2005. Prior to joining Prentice, Mr. Phillips was a member of the Investment Banking Operating Committee and the founder of the Retail Coverage and High Yield Bond Departments at Morgan Stanley during the 1980s. He was the President of Gleacher & Co., an investment banking and management firm, where he worked from 1991 until his retirement in 2003. In that capacity he had extensive involvement in the firm s M&A, private investment, leverage finance and restructuring activities. Mr. Phillips currently serves on the boards of directors of California Pizza Kitchen, Inc. and Champps Entertainment, Inc. Mr. Phillips is a member of the Company s Compensation Committee and the Governance and Nominating Committee.

Organization Position Status
Whitehall Jewelers Board of Directors Current
California Pizza Kitchen Inc. Board of Directors Current
Champps Entertainment, Inc. Board of Directors Current
Prentice Capital Management, LP Chief Operating Officer Former
Prentice Capital Management, LP Partner Former