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Financing

HopCat’s parent files for Chapter 11 bankruptcy

 By Peter Romeo on Jun. 03, 2020

The chain's CEO warned that a "giant wave of bankruptcies" is likely to follow within his brand's home state of Michigan.

Financing

Luby’s puts itself and all its pieces up for sale

 By Peter Romeo on Jun. 03, 2020

The cafeteria operator said it would entertain an offer for the whole company, but left open the possibility of piecemeal sales.

Financing

How to avoid buying a bad restaurant franchise

By Jonathan Maze on Jun. 03, 2020

This week’s edition of the RB podcast “A Deeper Dive” features Jeff Lefler, CEO of FranchiseGrade.com, to talk about the risks of buying a bad franchise.

Financing

Dunkin’ says its sales are improving

By Jonathan Maze on Jun. 03, 2020

The coffee pwoerhouse said same-store sales are up around lunchtime, but 650 of the chain’s stores are still closed.

Food

Chicken suppliers charged with fixing prices to restaurants

By Peter Romeo on Jun. 03, 2020

The Pilgrim's CEO is among four people indicted following an FBI investigation.

Operations

Ben & Jerry’s calls for dismantling white supremacy in forceful statement

By Joe Guszkowski on Jun. 03, 2020

The ice cream chain’s words stood out in the midst of widespread racial unrest.

Financing

Subway franchisees overwhelmingly oppose a new Footlong offer

By Jonathan Maze on Jun. 03, 2020

Three-quarters of operators in a survey said they don’t like the proposed promotion as tensions between the company and franchisees intensify.

Financing

Judge lets workers’ coronavirus lawsuit against McDonald’s proceed

By Jonathan Maze on Jun. 03, 2020

The lawsuit alleges that the company failed to provide adequate protection to workers.

Operations

Racial turmoil shuts 87 Cheesecake Factory restaurants

By Peter Romeo on Jun. 03, 2020

The operations were fully or partially closed as reopened units saw sales climb back to 75% of pre-COVID levels.

Operations

Perfecting the pivot: Pandemic 'survivors'

By National Restaurant Association on Jun. 03, 2020

Menu items that travel well, aggressive tech adoption and the ability to transform business models have been secrets to success.

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