Las Vegas is home to the top-grossing restaurant in the United States, Tao, along with 13 other high-volume players from the Top 100. The city hosts several celebrity chefs and leading multiconcept operators.
The casual-dining chain blamed COVID-19 and its capital structure for its financial troubles. Its restaurants will continue operating as it works to restructure.
The Bottom Line: Starbucks pushed through products recently while skipping its traditional testing processes, even as the coffee shop giant was working to improve operations. Those ideas are contradictory.