Denny’s Enhances Financial Flexibility
Denny’s Corporation announced that it has entered into a third amendment to its amended and restated credit facility that provides the company with greater financial flexibility by resetting financ ...
Finance
157-Year-Old Cliff House to Shut Down Permanently on December 31
San Francisco’s Cliff House, founded 157 years ago on the edge of the Pacific Ocean, announced that it will close permanently on December 31.
Things Will Get Worse for Dave & Buster’s Before They Get Better
The purgatory state restaurants find themselves in—wedged between looming vaccine distribution
Cheesecake Factory Ordered to Pay $125K for Misleading Investors
The SEC and The Cheesecake Factory reached a $125,000 settlement after the brand was accused of misleading investors about the condition of the company early into the COVID pandemic. ...
Cracker Barrel CEO: ‘Too Much Noise’ to Predict the Future
At Cracker Barrel, crystal balls aren’t a part of the inventory.
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.
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.
