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RESTAURANT BANKRUPTCY NEWS
Major chicken chain franchisee files for bankruptcy — what went wrong behind the scenesSailormen Inc, a major Popeyes franchisee, filed for bankruptcy, putting 130 restaurants at risk. Debt, failed sales, Covid-19, inflation, ...- K&W Cafeteria closed after 88 years as chain announces ‘immediate’ shutdownK&W Cafeterias, a beloved Southern cafeteria-style chain with an 88-year history, has abruptly closed all its locations. The company, which...
- Pizza Hut's parent Yum Brands may soon put it up for salePizza Hut may soon be up for sale. Its parent company, Yum Brands, is reviewing strategic options for the pizza chain. Pizza Hut faces chal...
- Chi-Chi’s restaurant confirms comeback date: Check location, new menu items, timingsChi Chi, the Mexican restaurant chain, is returning after two decades. Its first new location opens next week in St. Louis Park. The menu w...
- Over 30 Hooters restaurants suddenly closed: Here's the list and everything else we know about the shutdownHooters has abruptly closed over 30 company-owned restaurants across multiple U.S. states due to ongoing bankruptcy proceedings. The compan...
- Who is Tim Neol? All about the new UnitedHealthcare CEO replacing Brian Thompson after his murderAs Tim Noel assumes the role of CEO, UnitedHealthcare enters a new chapter, aiming to build on Thompson’s legacy.
- Mercedes' top supplier survived Napoleon, the Great Depression & two world wars. But not the current auto slumpEurope's auto slump is crippling small manufacturers in the automotive supply chain. Gerhardi Kunststofftechnik GmbH, a long-time Mercedes ...
- Tupperware: From a US household brand to an indebted kitchenware makerTupperware Brands has filed for bankruptcy protection after years of declining demand and financial losses. The company, known for its icon...
- Byju’s-BCCI settlement in trouble; Ola Electric Q1 loss widensIn a setback for Byju’s, the Supreme Court has stayed the NCLAT's approval of its settlement with the BCCI. This and more in today’s ETtech...
- IT offshoring reversal; Ola Electric, Oyo financialsHappy Independence Day! IT offshoring, which is aimed at cost optimisation, is reversing. Details on this and more in today’s ETtech Mornin...
- Red Lobster restaurants still open amid bankruptcy scare: Active outlets, special deals, all you need to knowRed Lobster is a household name when it comes to mega restaurant chains across the entire United States. However, the organization is curre...
- Nitin Desai was facing financial strain, defaulted on Rs 252 cr loan; insolvency proceedings initiated against art director's company last weekDesai, through his company ND's Art World Pvt Ltd, had borrowed Rs 185 crore in the form of two loans from ECL Finance in 2016 and 2018. He...
- There's no crypto winter on Portugal's 'Bitcoin Beach'Yet the Portuguese government may throw a wrench in the country’s status as a crypto hub. In May, Fernando Medina, the finance minister, sa...
- Japan declares state of emergency for Tokyo area as COVID-19 cases surgeThe government said the emergency would run from Jan. 8 to Feb. 7 in Tokyo and Saitama, Kanagawa and Chiba prefectures, covering about 30% ...
- Retailer, restaurant closures in US surge to high levelData issued on Sunday by the New York-headquartered Coresight Research revealed that the Ascena Retail group, an American retailer of women...
- Coronavirus second wave douses hopes of German economic recoveryAnalysts from financial information service Factset have predicted a rebound of 7.4 percent in July to September after a plunge of almost 1...
- FHRAI, Eureka Forbes join hands to offer temporary jobs to hospitality professionalsLaunched as the ‘Work For Our Staff’ campaign, FHRAI said it will lend support to its members by way of providing temporary employment to h...
- Angela Merkel warns of relapse risk as restrictions easeWhile Merkel made clear that her govt currently doesn't plan any further restrictions, that option remains on the table, saying the next st...
- Government will not give lender CIT 2nd bailoutThe Obama administration drew a line in the sand on financial bailouts Wednesday, denying emergency aid to CIT Group Inc., a struggling com...
- Services dip after 5 years on recession fearsLingering hopes that the US economy might avert a recession withered on Tuesday after the nation’s service sector, its banks, travel compan...
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