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Chain restaurants used to be pretty stable businesses, so private equity owners had a good idea of what costs and sales would be, she says, but the pandemic made the business much more volatile ...
Signs on door of a Graeter's ice cream parlor in the Hyde Park neighborhood of Cincinnati during government-mandated closings. The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants as a category.
Rubio's also has been struggling under the shadow of Mexican restaurant giant Chipotle in the hyper-competitive segment known as fast casual. And then there were the costs: rising food prices and ...
Fast food advertising promotes fast food products and utilizes numerous aspects to reach out to the public. Along with automobiles, insurance, retail outlets, and consumer electronics, fast food is among the most heavily advertised sectors of the United States economy; spending over 4.6 billion dollars on advertising in 2012. [ 1 ]
Denny's plans to close 150 of its lower-performing restaurants through 2025, 50% of which will close by the end of 2024, and slim down its menu. ... Business. Entertainment. Fitness. Food. Games ...
[5] [6] Sales for the chain totaled $702 million in 2011, [7] which grew to $800 million in 2012 from 1,350 outlets. [8] Reuters reported in 2013 that Papa Murphy's New York parent, Lee Equity Partners, was preparing a public offering for the take-and-bake pizza chain. [9] Official plans for the IPO were announced in March 2014. [10]
The restaurant company previously filed for Chapter 11 bankruptcy in 2020. Melt Bar & Grilled In June, the Cleveland-based chain said it was struggling to pay its vendors and landlords.
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