Financing

Corner Bakery employees thought they had a savior. They got something else

Jay Pandya took over Corner Bakery during the pandemic in 2020. He demanded tough cost cuts and refused to pay bills. Employees left in droves. Workers were locked out of stores. The company’s lender accused him of using the company as a “piggy bank.”

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Workforce

Restaurants have a hot opportunity to improve their reputation as employers

Reality Check: New mandates for protecting workers from dangerous on-the-job heat are about to be dropped on restaurants and other employers. The industry could greatly help its labor plight by acting first.

Financing

Some McDonald's customers are doubling up on the discounts

The Bottom Line: In some markets, customers can get the fast-food chain's $5 value meal for $4. The situation illustrates a key rule in the restaurant business: Customers are savvy and will find loopholes.

Financing

Ignore the Red Lobster problem. Sale-leasebacks are not all that bad

The decade-old sale-leaseback at the seafood chain has raised questions about the practice. But experts say it remains a legitimate financing option for operators when done correctly.