#restaurant-bankruptcy

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Food & drink
fromTasting Table
1 week ago

Why So Many Restaurants End Up Going Bankrupt - Tasting Table

Restaurant industry faces simultaneous bankruptcies due to rising food, labor, rent costs and inflation-driven reduced customer spending.
#chapter-11
fromTasting Table
1 week ago

The Struggling Restaurant Chain That Still Stays Afloat Despite 3 Bankruptcy Filings - Tasting Table

Restaurants have always been a tough business, made even more so since the COVID-19 pandemic. Restaurant bankruptcies seem to happen on a fairly regular business, even to big name chains such as Red Lobster and TGI Friday's. Filing bankruptcy (especially chapter 11 bankruptcy, which is basically a restructuring) does not necessarily mean the end of a restaurant chain. Some companies have declared bankruptcy more than once, including Friendly's, which has beat it twice and avoided total failure.
Food & drink
SF food
fromTasting Table
5 months ago

5 Chain Restaurants You Grew Up With That Went Bankrupt In The Past Year - Tasting Table

Many beloved chain restaurants have filed for bankruptcy recently due to rising costs and financial strain, including TGI Friday's and Red Lobster.
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