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The chain saw its sales begin to decline in 2017, filed for Chapter 11 bankruptcy in 2020, and has been closing restaurants ever since, Restaurant Business Magazine reported. Rubio's is now down ...
After raising prices by about 10% in 2023, the chain has faced a mountain of social media backlash over the cost of Egg McMuffins, ... 10 Restaurant Chains Closing Locations In 2024. 8. Denny's.
The chain, best known for never closing its doors, is also making a major concession with its franchisees over the requirement of remaining open 24/7. ... Higher labor and food costs have also led ...
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 ...
Pancho's Mexican Buffet is a chain of Tex-Mex restaurants [1] in the United States. [2] In 2017, the owners began closing stores due to poor performance, and developed a small store concept named "Cuban Cafe". There are currently three locations: Houston, [1] [3] Dallas Fort Worth(DFW), and Arlington. [4]
KFC has joined the growing list of restaurant chains closing locations in 2024. This week, multiple local news outlets reported the closure of multiple KFC restaurants, all of which were in Illinois.
Kona Grill, Inc. is an upscale casual restaurant company based in Denver, Colorado serving American cuisine, sushi, and cocktails. [4] The company owns and operates around 40 restaurants [5] in 23 U.S. states, as well as three international locations operating under franchise agreements. [6]
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 ...