25-year-old barbecue chain closes 80 restaurants as bankruptcy looms

25-year-old barbecue chain closes 80 restaurants as bankruptcy looms

In my years covering the restaurant industry, I’ve seen independent barbecue restaurants draw lines before lunch, a clear signal of quality and customer loyalty. These kitchens often operate with minimal infrastructure, but consistently offer the best discounts before closing time. National chains are a different story. While they can serve broader markets, operational decisions such … Read more

The owner of the iconic pizza and burger chains is nearing Chapter 11 bankruptcy

The owner of the iconic pizza and burger chains is nearing Chapter 11 bankruptcy

When companies file for bankruptcy, it’s often not because they don’t have positive cash flow. Bankruptcies can happen simply because a company can’t generate the cash it needs to service its debt. In many cases, if you took on that debt, the business itself would actually be successful. That’s the argument, Andy Wiederhorn, CEO of … Read more