New $908 Billion Stimulus a 'Band-Aid on a Bullet Wound,' Restaurants Say
On Tuesday, a bipartisan group of legislators unveiled a $908 billion stimulus package that offers more forgivable loans, but no direct aid to the restaurant industry.
Finance
California Pizza Kitchen Emerges from Chapter 11, Eliminates $220M in Debt
California Pizza Kitchen announced that it has successfully completed its financial restructuring process and emerged from Chapter 11, well positioned for long-term growth.
Ruby Tuesday Moves Forward with Sales Process
A federal court approved bidding procedures for Ruby Tuesday’s assets, paving the way for an auction to occur no later than mid-January.
As Locations Close, Rave Keeps Focus Long-Term
Rave Restaurant Group won’t be sidelined by COVID-19, CEO Brandon Solano said.
The Restaurant Rent Crisis Continues
The NYC Hospitality Alliance has conducted studies throughout the pandemic centered on whether or not restaurants and bars can pay their rent.
Zero Egg Raises $5 Million in Series A Funding
Following its U.S.
FSR Announces Virtual Event Series, Restaurantology
Food News Media, publisher of QSR and FSR magazines, is excited to announce a new virtual program in partnership with Savory Fund: Restaurantology.
Applebee's Franchisee Requests Dismissal of Bankruptcy
Twenty-five-unit Applebee’s franchisee Wisconsin Apple is asking a federal court to dismiss its bankruptcy case after ARC Fat Patty’s, LLC agreed to purchase its debt.
Chuy's Reassures Guests That Its Value and Convenience Remains
With rising COVID cases across the country, Chuy’s felt it was important that consumers know where it stands amid the growing crisis.
Red Robin’s ‘Inflection Point’ Signals More Pizza
Red Robin CEO Paul Murphy called Q3 an “inflection point.” The best evidence can be found in the 547-unit burger chain’s trajectory.
