Business Briefs

Reported by Star-Bulletin staff & wire




Firm to open 40 Obee's restaurants in isles

The owner of the Obee's restaurant chain said it has signed an agreement to bring its mainland soup-salad-sub restaurants to Hawaii.

Obee's owner, Ultimate Franchise Systems Inc., signed a development agreement allowing California-based firm AMMC LLC to develop 40 Obee's outlets throughout the state.

Obee's, which was acquired by Ultimate Franchise Systems in July, has signed commitments to open 1,300 stores across the country over the next 12 years. Obee's serves soup, salads and sandwiches with an emphasis on fresh-sliced meats and cheeses.

Ultimate Franchise Systems currently invests in nearly 600 franchised restaurants and 40 weight-loss clinics in 30 states.

Bankoh names investment officer

Toby Martyn has been named chief investment officer and executive vice president of Bank of Hawaii Corp.'s investment services group.

Martyn, formerly vice president of investments for A.G. Edwards & Sons Inc. in Honolulu, will manage institutional client relationships and coordinate teams that manage investments on behalf of clients. Martyn has more than 20 years of investment management experience.

He will succeed William Barton, who will become the bank's chief market strategist. Barton is a 23-year veteran of the investment services group.

Bank of Hawaii, the largest investment manager headquartered in the state, has more than $10 billion under custody, including investment discretion over $7.4 billion.

Federated, others to pay penalties

ALBANY, N.Y. >> A little competition is entering the lucrative world of bridal registries and tableware sales under a settlement announced yesterday.

Two major retailers and two manufacturers were accused of conspiring to restrict competition by the national retailer Bed, Bath & Beyond by keeping the lower-cost chain from selling upscale Lenox tableware and Waterford crystal.

Under the settlement announced by state Attorney General Eliot Spitzer, Federated Department Stores, which operates Macy's and Bloomingdale's; May Department Stores, which owns Lord & Taylor; Lenox Inc. and Waterford Wedgwood agreed to stop the practice.

They also agreed to pay $2.9 million in civil penalties to the state of New York.

Spitzer said the conspiracy restricted consumers' choice of the products popular in bridal registries. The cost to consumers has not been calculated.





>> Cades Schutte LLP has welcomed one associate into partnership and hired seven new attorneys. Chris Mashiba has become a partner in the firm. His practice is concentrated in the areas of federal and Hawaii tax planning and tax audits for business and individuals. Caryn H. Okinaga has been hired as an associate in the Finance & Real Estate Department. Takamitsu Paul Sasaki, Neill T. Tseng and Calvert G. Chipchase have been hired as associates in the Litigation Department. David W. Lonborg has been hired as an of counsel in the Tax Department and Employment Practice Group. Ernest H. Nomura and Elena J. Onaga have been hired as of counsel in the Litigation Department.


>> Ohana Keauhou Beach Resorts has promoted Marvis Hanano to assistant general manager. She will be responsible for the day-to-day operations of the resort. She previously served as company controller.

>> Xerox Hawaii has named Penny Prather marketing representative. She previously served as a Xerox marketing representative in Seattle.

>> The Halekulani Corp. has promoted Patricia Tam to vice president of standards and corporate relations. She will be responsible for overseeing all aspects of the hotels standards and practices as well as serving as representative within the community and the industry. She has over 20 years of experience with the company.



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