Restaurants in Texas saw a 15% drop in same-store sales for the last week of August as a result of Hurricane Harvey, per TDn2K. Operators in Florida were similarly affected.
Turnaround report: Bob Evans’ deal cycle, all-day breakfast success; Applebee’s makes $165M move; Farrell’s setback
Industry not immune to sex scandals
Celebrity chef John Besh left his namesake dining operations in October following allegations of widespread sexual harassment within Besh Restaurant Group, which was called out by a local newspaper after an eight-month investigation. Allegations of inappropriate behavior were also leveled against culinary star Todd English.
The Bottom Line: The two fast-casual restaurant pioneers have diverged over the past five years, as the burrito chain has thrived while Panera hit a wall. Here's why.
Donald Finley, owner-operator of the now-closed Jekyll & Hyde eatertainment concept in New York City, has already repaid the funds he received from the Paycheck Protection Program and another government program.
The ice cream chain intends to lay off staff in June and cut its costs in other ways, but to remain in operation following a Chapter 11 bankruptcy filing. It is struggling to find a buyer.