Financing
The second frozen yogurt craze continues its long decline
The Bottom Line: Pinkberry and other chains, which were all the rage a decade ago, continue to close locations as operators move on—just like the first frozen yogurt boom.
Financing
Papa Murphy’s owner MTY Group cuts staff as restaurants close
The Canadian-based brand collector, which operates Cold Stone Creamery and Pinkberry, among many others, has temporarily closed 2,100 locations.
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.