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
Another long-standing Mexican restaurant chain has closed nearly all of its locations, ending years of family meals, weekly happy hours, and a loyal customer base. Due to an unexpected event, a more severe crisis has now affected the business: the sudden loss of many employees. Mexican restaurants across the United States have been struggling with … 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