The recovery process of the business must begin with demonstrative and deliberate actions. The recovery hole we are in is deep and, with the "help" of our friends in the media, getting deeper. The financial impacts are beginning to hammer the business, with creditors patiently standing in line for remittance before the end. Our customers are recovering as well and not able to provide any comfort or commitment for the future. Our employees are afraid to return to the facility, but at the same time are beginning to fear for continuation of their jobs. The government agencies are standing by to assist, but their actions are fragmented and uncoordinated. It is clear that the business will have to take the lead to find our way out of this mess.
Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here. MultimediaExclusive ContentFinancing In the Benihana deal, a sign of the restaurant M&A timesThe Bottom Line: The venerable Japanese steakhouse chain fetched a modest multiple in its sale to The One Group. But that’s where values have fallen these days. Operations Everybody talks about rising restaurant crime. Maybe it's time to do something about itReality Check: Well-intentioned efforts like bail reform may not be delivering what proponents envisioned. It's not reactionary to fix the fix. Financing McDonald's adds doughnuts, and some uncertainty, to the menuThe Bottom Line: Krispy Kreme gets a massive win with its McDonald's doughnut deal. But the payoff is less certain, and a long way off, for the fast-food restaurant chain. |