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coronavirus

Industries all across the country are experiencing the disruptive impact of the COVID-19 Coronavirus. Discover how it could affect the U.S. foodservice, grocery and convenience industries.

Financing

As the restaurant industry collapses, private equity stands to benefit

With valuations reset, investment firms not busy rescuing their existing companies could snap up restaurants at bargain prices, says RB’s The Bottom Line.

Financing

Restaurants are projected to have their worst year on record

Sales could fall 11% to 27% this year, according to Technomic, as the coronavirus shutdown hammers operators and ignites a recession.

Financing

Cracker Barrel opts not to rescue Punch Bowl Social

By Peter Romeo on Mar. 25, 2020

The eatertainment chain faces foreclosure and has already closed all 19 units and laid off its staff.

Leadership

Chef Floyd Cardoz dies after contracting the coronavirus

By Heather Lalley on Mar. 25, 2020

Cardoz, 59, was a noted figure in New York City’s restaurant scene for decades.

Operations

On top of everything, restaurants are becoming burglary targets

By Heather Lalley on Mar. 25, 2020

After closing or limiting operations due to the coronavirus, restaurants are reporting robberies. Here are some ways to avoid becoming a target.

Food

McDonald’s is suspending all-day breakfast

By Jonathan Maze on Mar. 25, 2020

The chain plans to temporarily simplify its menu as it helps franchisees operate more efficiently during the coronavirus shutdown.

Operations

Front Burner battles coronavirus in more than economic ways

By Peter Romeo on Mar. 24, 2020

Meal kits are keeping the multiconcept operator in business. Boxed meals are helping its soul.

Operations

J. Alexander’s furloughs 3,400 as sales free-fall

By Peter Romeo on Mar. 24, 2020

Off-premise business is generating 10% to 20% of normal weekly sales, the company says. It has provided two weeks of emergency pay to the dislocated employees.

Operations

The 2020 National Restaurant Association Show is canceled

By Restaurant Business Staff on Mar. 24, 2020

The annual event set for May 16-19 in Chicago has been canceled due to coronavirus concerns.

Financing

Yum Brands says 7,000 of its global restaurants are closed

By Jonathan Maze on Mar. 24, 2020

The owner of KFC, Taco Bell and Pizza Hut says it is taking steps to shore up franchisees’ finances and has accessed its credit line.

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