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 GainorNumber of Employees 5,400
Contact Information
10375 Park Meadows Dr Ste 560
Littleton, Colorado 80124
(303) 804-1333
Peer Companies
NAICS Code Full-Service Restaurants: 722110
News & Analysis
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champps entertainment inc. - All News and Analysis
Champps Entertainment Stockholders Approve Sale Transaction
LITTLETON, Colo. -- Champps Entertainment, Inc. (Nasdaq: CMPP) announced today that, at a special meeting of stockholders held earlier today, Champps' stockholders had overwhelmingly voted to approve and adopt the merger agreement providing for the acquisition of Champps by F&H Acquisition Corp. Champps said that the holders of approximately...
Champps Entertainment Agrees to Postpone Completion of Sale Transaction
LITTLETON, Colo. -- Champps Entertainment, Inc. (Nasdaq:CMPP) today announced that it has agreed to provide F&H Acquisition Corp. and its equity sponsors, Newcastle Partners L.P., Newcastle Special Opportunity Fund III, L.P. and Steel Partners II, L.P., additional time to complete the financing of F&H's proposed acquisition of Champps. Champps...
Champps posts net losses prior to buyout by Fox & Hound
LITTLETON, COLO. -- Champps Entertainment Inc., which has agreed to sell its 61 sports-theme restaurants, reported this month a smaller fourth-quarter net loss than a year earlier, but a larger loss for all of fiscal 2007. Champps' loss for the fourth quarter ended July 1 was $700,000, or 6...
Champps Entertainment Announces Fourth Quarter and Full Year Results for Fiscal 2007
LITTLETON, Colo. -- Champps Entertainment, Inc. (Nasdaq:CMPP) today announced results for its fourth quarter and fiscal year ending July 1, 2007. Total revenues for the fourth quarter decreased 4.7 percent to $47.1 million, compared with revenues of $49.4 million for the fourth quarter of last year. Comparable same store...
Daily Market Movers Digest Report for Friday July 6th, PDVP, CMPP, UVSE, ERFW, FHCO.
M2 PRESSWIRE-6 July 2007-OTCPicks.com: Daily Market Movers Digest Report for Friday July 6th, PDVP, CMPP, UVSE, ERFW, FHCOC1994-2007 M2 COMMUNICATIONS LTD RDATE:06072007 Our Stocks to Watch today include Podium Venture Group (OTC: PDVP), Champps Entertainment (NASD: CMPP), Universal Energy Corp (OTCBB:...
Champps Entertainment To Be Acquired for $5.60 Per Share in Cash.
M2 PRESSWIRE-5 July 2007-Breaking News: Champps Entertainment To Be Acquired for $5.60 Per Share in CashC1994-2007 M2 COMMUNICATIONS LTD RDATE:05072007 Exploration Investor strives to provide you with outstanding market results. We will be your number one resource for all your small and...
Champps Entertainment To Be Acquired for $5.60 Per Share in Cash
LITTLETON, Colo. -- Champps Entertainment, Inc. (NASDAQ:CMPP), a leading operator of casual dining restaurants today announced that it has entered into a definitive agreement to be acquired by F&H Acquisition Corp., the holding company for Fox & Hound Restaurant Group, for $5.60 per share in cash, or an aggregate purchase...
Champps Entertainment Ends Sale Process
LITTLETON, Colo. -- Champps Entertainment, Inc. (NASDAQ: CMPP) today announced that the special committee of its board of directors that had been exploring a sale of the Company has terminated the sale process. The committee solicited a number of prospective purchasers, but did not receive any definitive proposals that the...
Champps OKs $75m sale to executives, equity firm
LITTLETON, COLO. -- Champps Entertainment Inc. has agreed to sell its 62-unit namesake chain to a management-led group for $75 million and the assumption of debt, which stood at $14.8 million as of October. The buyers would include Champps chairman and chief executive Michael O'Donnell, chief financial officer David...
Champps Entertainment to Pursue Sale; Enters into Letter of Intent with Kinderhook
LITTLETON, Colo. -- Champps Entertainment, Inc. (NASDAQ:CMPP) today announced that a Special Committee of its Board of Directors has decided to pursue a sale of the company and that it has entered into a letter of intent with Kinderhook Industries, LLC to sell all of its assets (other than certain...
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 |
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