News

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.

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.

Financing

The coronavirus relief bill: What’s in it for restaurants?

By Peter Romeo on Mar. 25, 2020

The largest public assistance measure in American history is an imposing tome of legalese and technical language. Here are the parts with particular relevance for foodservice.

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.

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

Luby’s closes 35 more restaurants, cuts majority of HQ staff

By Peter Romeo on Mar. 24, 2020

The salaries of the remaining home-office employees have been cut 50%.

Operations

J. Alexander’s furloughs 3,400 as sales free-fall

By Peter Romeo on Mar. 24, 2020

Off-premise business is generating 10% to 20% of normal weekly sales, the company says. It has provided two weeks of emergency pay to the dislocated employees.

Financing