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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.

Operations

After trying off-premise, some restaurants instead opt to close

 By Heather Lalley on Mar. 31, 2020

A number of independent operators have made the difficult choice in recent days to shutter completely rather than continuing takeout and delivery.

Financing

Fund offering $15K in aid payments to small restaurants swamped within hours of opening

 By Heather Lalley on Mar. 31, 2020

The James Beard Foundation Food and Beverage Industry Relief Fund stopped accepting applications for its grants after receiving “an overwhelming response.”

Topics

Coronavirus heroes and villains

By Peter Romeo on Mar. 30, 2020

The COVID-19 crisis is as much a test of character as it is of financial resilience. And some parties are clearly failing.

Financing

Yum Brands’ CEO is giving his salary to general managers

By Jonathan Maze on Mar. 30, 2020

David Gibbs’ salary will go to general managers at company-owned Taco Bell, KFC and Pizza Hut units, as well as the company’s foundation.

Operations

Restaurant damage to date: $25B in sales, 3 million jobs

By Peter Romeo on Mar. 30, 2020

New research shows the impact has been particularly severe for operators in New York—a possible preview of what’s to come in other areas.

Operations

Chuy’s, Ruth’s Chris adopt extraordinary measures

By Peter Romeo on Mar. 30, 2020

Staffs have been furloughed, salaries have been cut, and cash has been pooled.

Financing

Operators and landlords face uncertainty as rent comes due

By Jonathan Maze on Mar. 30, 2020

Experts stress restaurants should have conversations with their landlords, though not everybody is finding a receptive audience.

Financing

Franchisors start giving breaks on remodels

By Jonathan Maze on Mar. 30, 2020

Yum Brands, Wendy’s and Huddle House are among franchisors letting franchisees delay capital projects.

Financing

Burger King’s owner is sending cash and thermometers to its franchisees

By Jonathan Maze on Mar. 30, 2020

Restaurant Brands International is also providing rent relief and is easing requirements for remodels to keep operators afloat.

Financing

Not even Domino’s can escape the coronavirus impact

By Jonathan Maze on Mar. 30, 2020

The pizza chain said the shutdown has impacted its sales in ways that it cannot yet “fully quantify” and says 1,400 global locations are temporarily closed.

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