KABUL, Afghanistan (AP) — The Islamic State group has claimed responsibility for an explosion at a Chinese restaurant in Afghanistan’s capital that killed at least seven people, including a Chinese national. The cause of the explosion was still under investigation, authorities said Tuesday. The militant group said in a statement published on the Aamaq news … Read more
A new year is often meant to symbolize new beginnings, but for one of America’s most recognizable casual food brands, 2024 delivered the opposite. Instead of renewal, the year was marked by financial problems, bankruptcy, and a significant loss of its domestic and international footprints. Founded in 1965 in New York City, this restaurant chain … Read more
In many cases, a Chapter 11 bankruptcy does not mean the end for a restaurant chain. This is at least in part because brand names have value, and as long as the finances can be worked out with creditors, there are usually more investors willing to get behind a Red Lobster comeback than those who … Read more
McDonald’s is preparing to close another restaurant within days, adding to a growing trend among major fast-food chains that have been rapidly shrinking their footprints in recent months. Rising costs, evolving consumer habits, and increased competition are putting pressure on beloved brands that were once considered permanent fixtures of American culture. However, there is more … Read more
Once popular buffet chains were disappearing in the restaurant sector when the Covid-19 pandemic led food establishments to adopt stricter food safety guidelines. Food safety awareness during the Covid-19 pandemic has also changed consumer attitudes towards food, leading to the demise of several buffet restaurant chains. Among the buffet chains that will disappear due to … Read more