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coronavirus

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

Marketing

Restaurants are giving away a lot of meals

 By Jonathan Maze on Apr. 21, 2020

Local restaurants and big chains alike are giving free meals to front-line workers and first responders. Here’s a look at how companies are responding.

Food

Supermarkets partner with restaurant chefs in COVID-19 outreach

 By Patricia Cobe on Apr. 21, 2020

Several grocery chains are finding new roles for chefs.

Financing

Restaurants reveal problems with federal PPP loans

By Jonathan Maze on Apr. 20, 2020

Yet most of the chains that applied for the funds weren’t exactly megachains, and most of them had existing problems, says RB’s The Bottom Line.

Operations

Shakeout and takeout usher in new realities for full-service chains

By Peter Romeo on Apr. 20, 2020

The crisis has been a catalyst for righting supply and demand while also proving QSRs don’t have a hammerlock on off-premise.

Financing

Shake Shack returns its $10M PPP loan

By Heather Lalley on Apr. 20, 2020

After securing $150 million in new equity, the burger chain said it would return the loan money so “restaurants who need it most can get it now.”

Financing

Restaurants press Congress for $240B in industry-specific aid

By Peter Romeo on Apr. 20, 2020

The grants would be part of the National Restaurant Association’s Blueprint for Recovery, a direct-payment program that would be in addition to restarting the Paycheck Protection Program.

Operations

Surge in Olive Garden’s to-go volume holds unit sales slide to 44.8%

By Peter Romeo on Apr. 20, 2020

The Darden Restaurants chain is now generating takeout and delivery sales at an annualized rate of $2.8 million per store.

Financing

Roark Capital buys a piece of Cheesecake Factory

By Peter Romeo on Apr. 20, 2020

The private-equity firm, which owns Arby's and Buffalo Wild Wings, has acquired 200,000 shares of preferred stock for $200 million.

Financing

Here’s how much restaurant sales fell last month

By Jonathan Maze on Apr. 20, 2020

The industry likely lost half of its sales in the second half of March, according to federal retail sales data.

Operations

Georgia to reopen dining rooms next week

By Heather Lalley on Apr. 20, 2020

It becomes the first state to allow dine-in business after restaurants around the country were temporarily shuttered last month to slow the spread of the coronavirus.

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