Food

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Nearly 90% of operators said in the International Franchise Association’s annual franchisee survey that inflation continues to impact their operations. And more say customers are reacting to higher prices.

The U.K.-based operator backed off after the casual-dining chain lost control of its assets. The news sent Hostmore's shares down 91%.

The investor, who has chaired the fast-food chain since 2007, was named chairman emeritus as he shifts focus to his other work. Arthur Winkleblack will take over as chairman.

The lender is the stalking horse bidder for parent One Table Restaurant Brands, which has scheduled a bankruptcy auction later this month.