Fast

Fast casual
has angst
to overcome

Kurt Vonnegut Jr. wrote that “maturity is a bitter disappointment for which no remedy exists,” and so it has been with the coming-of-age fast-casual restaurant segment.

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It's the second U.S. restaurant brand buy for Tokyo-based Create Restaurants Holdings, which also bought Il Fornaio in 2019.

The Bottom Line: Habit’s sales are falling and the chain just rebranded. Shake Shack is closing locations. BurgerFi is being sold on the discount rack. Here's what to make of it all.

The fast-casual Mediterranean chain said that the end of pandemic-era rent deferrals helped push it into its bankruptcy filing. The company now hopes to find a buyer.

The Chicago-based fast-casual Mediterranean chain, which has been closing locations in recent years, says it will use the process to find new investors or a buyer.

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