Finance
Bankrupt CraftWorks Closes 261 Restaurants, Furloughs Most of 18,000 Employees
CraftWorks Holdings, the parent of Logan’s Roadhouse and Old Chicago Pizza, furloughed thousands of employees and closed its restaurants after the COVID-19 outbreak ruined its bankruptcy plans. ...
Introducing Relief Opportunities for All Restaurants
Here is a letter from ROAR: “Dear Restaurant Industry Colleagues, Friends and Supporters,
Casual-Dining Brands Bolster Cash Reserves in Uncertain Financial Future
Some casual-dining brands are switching their operation model and increasing liquidity as they chart through several unknowns during the COVID-19 pandemic.
Darden CEO Not Taking Salary as Company Braces for COVID-19 Impact
Darden CEO Gene Lee didn’t pretend it was business as usual.
Eatertainment Venues See Huge Losses Amid COVID-19 Pandemic
The eatertainment segment, which relies on large gatherings of consumers who primarily seek fun and games, faces an unknown future as the coronavirus outbreak continues in the U.S. ...
Restaurants to Offer ‘Dining Bonds’ to Lift Income
In the face of a financial crisis due to the coronavirus, restaurant veterans and organizations have started campaign efforts to reduce the burden on foodservice businesses and employees. ...
Denny’s Fortifies Balance Sheet to Prepare for Coronavirus Impact
Denny’s Corporation, franchisor and operator of one of America's largest franchised full-service restaurant chains, announced that the company has secured additional funding through its revolving c ...
Buffalo Wild Wings' Largest Franchisee Sells 22 Locations
Investment firm ICV Partners announced Thursday that it’s completed its previously announced acquisition of Diversified Restaurant Holdings, Inc.—a large Buffalo Wild Wings franchisee with 64 locat ...
Logan's Roadhouse Parent Files For Bankruptcy
CraftWorks Holdings, parent company of Old Chicago Pizza & Taproom, Logan’s Roadhouse, Gordon Biersch Brewery Restaurant, and Rock Bottom Restaurant and Brewery, filed for bankruptcy Tuesday in ...
