Operations

Golden Corral shuts all company units, furloughs 2,290

The buffet chain said it will help the laid-off employees with food and assistance in accessing public benefits.
Photograph: Shutterstock

Golden Corral said it has closed all 35 company-operated restaurants and furloughed 2,290 employees because of the COVID-19 pandemic.

The franchisor said that “some” of the buffet chain’s 454 franchised stores remain in operation, offering takeout and delivery.

Employees were informed of the move in a “virtual” town hall-style meeting with corporate officers.

"It is truly an emotional and challenging time for our country," Golden Corral CEO Lance Trenary said during the meeting. "The realities of the current situation have forced us to make difficult decisions." 

Golden Corral said that it will provide food for the furloughed employees to feed their families and will assist them in seeking unemployment benefits.

The buffet chain had been heavily advertising its takeout service via network TV.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Lessons in investing from David Rubenstein

The Bottom Line: The cofounder of The Carlyle Group, an active investor in the restaurant space, revealed the private-equity firm’s return on its McDonald’s China investment and dished out wisdom.

Financing

Rob Lynch has big plans for Shake Shack

The fast-casual burger chain has changed its strategy under Lynch to be a more everyday occasion. Here’s how, and why, the company’s CEO believes that is the right strategy.

Financing

Restaurant chains start 2026 on offense

The Bottom Line: The restaurant industry kicked off January with new value offers, limited-time offers and an awful lot of new protein products.

Trending

More from our partners