Jonathan Maze


Articles by
Jonathan Maze

Page 296

These are the restaurants that filed for bankruptcy this year

Weak traffic, high costs and growing competition have taken their toll on chains.


Papa Gino’s blames debt, minimum wage and competition for bankruptcy

The company, which also owns D’Angelo Grilled Sandwiches, said shifting consumer tastes means it needs fewer locations.

Despite a trend toward industry consolidation, CEO Ritch Allison says the company has enough growth on its own, says RB’s The Bottom Line.

PGHC Holdings closed 95 locations and has a sale agreement with Wynnchurch Capital.

Steve Ritchie and others would get paid if they lose their jobs following a sale, says RB’s The Bottom Line.

The fundraising round would reportedly give the company a $2.25 billion valuation.

The company said that its sales growth has continued into the fourth quarter, sending shares to new highs.

Companies such as McDonald’s and Starbucks are still losing customers, and inflation is one reason, says RB’s the Bottom Line.

The economy as a whole added 250,000 jobs in the month and wage rates increased.

The merger will create the latest multibrand restaurant company.

Operators are major brand investors. Their views should be taken into account at the corporate level, says RB’s The Bottom Line.

Sales weakened as fall started, continuing a difficult pattern for chain restaurants, according to the latest Technomic Chain Restaurant Index.

  • Page 296