New World Restaurant Group, Inc

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International Guild of Hospitality & Restaurant Managers

246 Industrial Way West
Eatontown , NJ 07724
Phone: 732-544-0155
Fax: 732-544-1315
http://www.nwcb.com

After getting thisclose to bagel paradise, New World Restaurant Group is looking more like toast. The company, formerly New World Coffee-Manhattan Bagel, vaulted into the top position in bageldom with its 2001 acquisition of Einstein/Noah Bagel. However, Nasdaq soon cited it for violations related to the acquisition and delisted the company. Chairman Ramin Kamfar resigned, and CFO Jerold Novack was fired. The SEC is investigating the company. New World has about 750 shops (60% are company-owned) in 34 states branded under the names New World Coffee, Manhattan Bagel, Einstein Bros. Bagels, and Noah's New York Bagels. The company sells bagels and coffee through retail supermarkets and convenience stores

Subsidiaries

Einstein/Noah Bagel Corp.

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