OTHER NEWS - Dec. 16, 1995
Times Staff and Wire Reports
Imasco to Sell Roy Rogers Chain: The Montreal-based company said it will sell the restaurants and take a fourth-quarter charge of $239 million to fire 279 workers and close a food plant in North Carolina. Imasco Ltd. said it is taking the action to concentrate on its Hardees restaurant business, which has struggled to integrate the Roy Rogers chain since its purchase in 1990. Hardees has lost business to larger chains such as McDonald’s and Burger King, which have slashed prices and run profitable promotions. The Roy Rogers chain is expected to post a loss from operations of $28 million in 1995, the company said.
