Bamboo Sushi Parent Files for Bankruptcy
Portland, Oregon–based Sustainable Restaurant Holdings (SRH), the parent of Bamboo Sushi and QuickFish, announced that it has filed for bankruptcy.
Finance
Cheesecake Factory is Taking a Deliberate Approach to Reopening Restaurants
The Cheesecake Factory is one of the highest-volume chains in America, averaging $10.7 million in sales per restaurant in 2019 and 2018, and $10.6 million the year before that.
Texas Roadhouse’s To-Go Sales are Up 575 Percent
Texas Roadhouse has long been a company that leads with hospitality and keeps its focus within the four walls. Delivery doesn’t line dance.
Denny’s Sales Dropped 76 Percent in April
Although off-premises sales at Denny’s have increased significantly, same-store sales are down more than 70 percent compared to last year.
José Andrés: Restaurants We Love are on 'Brink of Extinction'
In another plea to Congress, the Independent Restaurant Coalition is asking legislators to form a $120 billion stabilization fund solely for independent brands.
Restaurant365 Offering Operators Access to Capital
Restaurant365, a leading all-in-one restaurant management platform, announced the launch of R365 Capital, a program designed to help restaurants quickly access the capital they need to thrive. ...
BJ’s Prepares to Reopen Once Officials Give Permission
BJ’s Restaurants reported Friday that it’s preparing to reopen restaurants once state and local governments give permission.
Ruth’s Chris to Return $20 Million in PPP Loans
Ruth’s Hospitality Group decided Thursday to return $20 million in Paycheck Protection Program loans because of new guidelines released by the Small Business Administration and U.S. ...
Senate to Inject $310 Billion Into Paycheck Protection Program
The Senate approved a $484 billion bill Tuesday that would inject $310 billion into the Paycheck Protection Program that ran out in less than two weeks.
