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Financing

Wendy’s breakfast was a success, and then coronavirus hit

 By Jonathan Maze on Mar. 26, 2020

The chain’s sales were up 15% in the week after its breakfast launch before the pandemic changed everything.

Workforce

67,650 restaurant and bar jobs eliminated in NYC, survey finds

 By Peter Romeo on Mar. 26, 2020

Local operators are asking the city and state to end rent collections and provide other forms of assistance.

Workforce

Chipotle pays employees an extra 10% during COVID-19 crisis

By Heather Lalley on Mar. 26, 2020

The fast casual said it’s a way of expressing appreciation for its workers.

Operations

Cheesecake Factory halts rent payments

By Peter Romeo on Mar. 26, 2020

Landlords have been alerted by letter that restaurants will stop payments beginning with their April obligations.

Operations

Chef Thomas Keller files suit against his insurer in business interruption dispute

By Heather Lalley on Mar. 26, 2020

Keller, the famed French Laundry proprietor, is seeking to recoup business lost due to the coronavirus shutdown.

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.

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.

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.

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

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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