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The move is designed to protect the chain from the volatility of the chicken wing market.
The chain’s CEO said he expects the problem to worsen as the pandemic surges.
The company will be sold for just less than $2 million after the pandemic disrupted the chain’s sale process.
Starbucks, Dunkin’, IHOP, Pizza Hut and others are shuttering units as they shift business models or their sales struggle.
The burger chain, which has never had a drive-thru, plans to open up to eight of them in the next two years to make order pickups more convenient amid the pandemic.
The fast-casual chain has seen explosive digital growth during the pandemic, but third-party platform commissions are eating into its margins.
The fast-casual chain launched three flatbread pizzas, with plans to add new versions next year.
The fast-casual chain, which has $82.3 million in debt, began seeing falling sales in 2017, according to court documents.
As studios hold back on new releases and restrictions remain, the restaurant-theater chain hybrid started running out of cash.
The fast-casual chain, which raised $350 million a year ago, is facing a challenging future as downtown workers continue to do their jobs at home.
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Peter Romeo highlights the moments restaurateurs miss at their own peril
As restaurants begin to reemerge, one year since it all began, Restaurant Business takes stock of the massive changes the virus has brought.