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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

COVID-19 is forcing the supply chain to change course

By Patricia Cobe on Mar. 26, 2020

As restaurants scale back or stop operations, the demand for supplies continues to rise in retail.

Financing

McDonald’s warns of the potential impact of the pandemic

 By Jonathan Maze on Mar. 25, 2020

The burger giant expects closures and sales declines to impact its financial results, though it can’t predict how much.

Financing

As the restaurant industry collapses, private equity stands to benefit

By Jonathan Maze on Mar. 25, 2020

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

By Jonathan Maze on Mar. 25, 2020

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

Golden Corral shuts all company units, furloughs 2,290

By Peter Romeo on Mar. 25, 2020

The buffet chain said it will help the laid-off employees with food and assistance in accessing public benefits.

Operations

Tilman Fertitta said to furlough 40,000 employees

By Peter Romeo on Mar. 25, 2020

The layoffs affect about 70% of the billionaire's workforce.

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