Financing
Friendly’s declares bankruptcy and will be sold to the owner of Red Mango
The company will be sold for just less than $2 million after the pandemic disrupted the chain’s sale process.
Leadership
The luminaries we lost
The restaurant industry will be poorer in 2020 because of the talents and characters who died in 2019. Here are some of the standouts who were lost.
More than half of the restaurant industry’s $491 billion in sales come from the Top 500 chains. And these giants grew at a modestly stronger rate, both in terms of sales and store counts, than the industry overall. Restaurant Business focused on the leading 250 performers to identify trends for our first-ever special report delivering lessons from Technomic’s annual Top 500 Chain Restaurant Report. This special package includes lessons for all operators from the largest chains by segment, menu category and more.