Due to the uncertainty of COVID-19, Allegro Merger Corp. and TGI Fridays mutually agreed to cancel their $380 million merger, according to an SEC filing.
Although the federal government passed legislation granting small businesses access to nearly $350 billion in forgivable loans, independent restaurateurs nationwide describe the system as flawed an ...
Because of the COVID-19 pandemic, The Cheesecake Factory saw a 46-percent drop in same-store sales in March, but significant growth in off-premises business.
Dave & Busters announced April 1 that it was forced to temporarily close all 137 locations and furlough more than 15,000 employees due to the COVID-19 pandemic.
Black Box Intelligence Wednesday released its latest look into the immense impact COVID-19 is making on the restaurant industry.
Craftworks Holdings, parent of Logan’s Roadhouse and Old Chicago Pizza & Tap Room, fired a majority of its 18,000 employees that were furloughed a few weeks ago.
To create financial flexibility during the COVID-19 pandemic, Red Robin announced Wednesday that it is suspending the rollout of Donatos Pizza at its stores.
More details were shared Tuesday about the $349 billion set aside for a new small-business loan program.
With state mandates pushing restaurants to limit operations or close entirely during the coronavirus pandemic, operators are turning to insurers to see how they can recoup losses.
Due to the COVID-19 pandemic, The ONE Group Hospitality cut its workforce of about 4,000 employees to fewer than 100 workers.