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Jonathan Maze

Executive Editor

Articles by
Jonathan Maze

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Financing

Restaurants are projected to have their worst year on record

Sales could fall 11% to 27% this year, according to Technomic, as the coronavirus shutdown hammers operators and ignites a recession.

Financing

How restaurant operators are coping with the coronavirus shutdown

Applebee’s and Panera Bread franchisee Ed Doherty joins this week’s RB podcast A Deeper Dive to discuss the impact of the shutdown on his business.

With valuations reset, investment firms not busy rescuing their existing companies could snap up restaurants at bargain prices, says RB’s The Bottom Line.

The burger giant expects closures and sales declines to impact its financial results, though it can’t predict how much.

The owner of KFC, Taco Bell and Pizza Hut says it is taking steps to shore up franchisees’ finances and has accessed its credit line.

Investors poured money into the industry, whose valuations had taken a beating in recent weeks, says RB’s The Bottom Line.

Pizza Hut said it is hiring 30,000 workers as the pizza chains both work to fill open positions and meet growing demand.

Workers who continue to come to work at the chain’s open locations will get an extra $3 an hour in "service pay" through April 19.

Panera, Noodles, Habit and others are asking Americans to order a takeout meal on Tuesday to support restaurant workers.

The fast-casual chain says it is insolvent and has appealed to the German government for assistance.

As eateries look to survive the next couple of months with little sales, here are some ideas for trimming to the bone.

The coffee chain is going to a drive-thru-only model for at least two weeks and will pay workers for the next 30 days whether they come to work or not.

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