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The company blamed coronavirus for the filing and said it needs to renegotiate leases and cut back on debt.

The lanes generate stronger returns for their restaurants, making them increasingly popular even before the pandemic, says RB’s The Bottom Line.

Steve Easterbrook argues that he complied with terms of his firing late last year and that he should be able to keep stock grants.

About a third could not pay any rent at all, according to a study by the New York City Hospitality Alliance.