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Chain of Closure. As of 2023, there are 200,859 fast-food restaurant businesses in the U.S. — a staggering number to compete with. However, financial upheaval in 2020 and 2021, along with the ...
After 71 years in business, Santa Fe Basque closed its doors for the last time in Reno in summer 2020, citing a drop in business from a lack of downtown events due to the pandemic, among other ...
The chain lost at least 15 restaurants between late 2019 and September 2020, according to Restaurant Business. Related: The Most Cringe-Worthy Commercials of All Time Ron W./yelp.com
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.
In November 2009, restaurants closed in St. Cloud, and Rochester, Minnesota. As a result of the closings, a judge levied a $3.57 million judgment against Timber Lodge for not fulfilling its leases. The Fargo, North Dakota, location closed its doors on July 24, 2010. The Sioux Falls, South Dakota, location also closed late July 2010. [5] [4]
TGI Fridays isn't alone either — other restaurant chains that have recently filed for bankruptcy include Red Lobster, Ruby Tuesday's, and Sbarro. Though many are hoping for a rebound with ...
The once popular restaurant first opened its doors in 2006. The once popular restaurant first opened its doors in 2006. Skip to main content. Subscriptions; Animals. Business. Fitness. Food ...
After its S&A Restaurant Group division was forced into an involuntary Chapter 7 liquidation by its lender, GE Capital, in August 2008, and closed over 300 company-owned Bennigan's and Steak & Ale restaurants, [13] the chain's parent company, Metromedia Steakhouses Company, filed for Chapter 11 bankruptcy in 2008, although it planned to ...
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