Tag Archives: restaurants

Red Lobster Files For Chapter 11 Bankruptcy Protection

Bloomberg News reports: Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. The Orlando, Florida-based company filed for Chapter 11 protection on Sunday, listing assets and liabilities of $1 billion to $10 billion each in its bankruptcy petition. The filing allows the company to keep operating while it …

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Red Lobster Shutters 50+ Stores As Bankruptcy Looms

NBC News reports: More than 50 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain’s long-term future. In a post Monday on LinkedIn, Neal Sherman, founder and CEO of TAGeX Brands, a liquidation firm, announced he was leading the closure of more than 50 Red Lobster locations, with the restaurants’ equipment to be auctioned …

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Fatburger Chair Charged In Alleged $47M Loan Scheme

NBC News reports:  Federal authorities said Friday they charged Fat Brands and its chair, Andy Wiederhorn, of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin Peaks. Wiederhorn, who was convicted two decades ago in a criminal case that involved similar conduct, was separately criminally charged …

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Bloomberg: Red Lobster Considering Bankruptcy Filing

Bloomberg News reports: Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter. Red Lobster has been getting advice from law firm King & Spalding, said the people, who asked not to be identified discussing a private matter. The dining chain is considering …

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Chick-Fil-A Reverses, Will Allow Antibiotics In Chicken

Reuters reports: Chick-fil-A announced it is allowing certain antibiotics in its chicken, overturning a commitment it made in 2014. The company said in a recent statement posted on its website that the change will take effect in spring 2024, and is intended “to maintain supply of the high-quality chicken you expect from us.” The statement said the antibiotics that will …

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Wendy’s: We Never Said We Would Use Surge Pricing

The Associated Press reports: Wendy’s says that it has no plans to increase prices during the busiest times at its restaurants. “Wendy’s will not implement surge pricing, which is the practice of raising prices when demand is highest. We didn’t use that phrase, nor do we plan to implement that practice,” the company said. Wendy’s said that its digital menu …

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Chick-Fil-A Convention Opens With Gospel Singalong

“When thousands of attendees come together for Chick-fil-A’s annual NEXT conference, they can expect to be served some content that isn’t part of traditional program fare. The three-day event will go beyond product announcements and outlines of new business initiatives for the quick-service brand. Sure, the program aims to educate thousands of owner-operators of the restaurant’s locations and Chick-fil-A’s headquarter …

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TGI Fridays Abruptly Shutters Dozens Of Locations

CNN Business reports: Some fans of TGI Fridays were likely surprised this week when they found their local restaurant permanently closed because the chain abruptly shut down dozens of locations around the US. The chain said in a release that it closed 36 “underperforming” restaurants as part of its “ongoing growth strategy,” which also includes also a shakeup of its …

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Florida Chick-Fil-A Offers Delivery By Drone [VIDEO]

The Tampa Bay Times reports: Chick-fil-A is starting to deliver food by drone in the Tampa Bay area — so far only from one location within Hillsborough County. A Brandon-Valrico Chick-fil-A restaurant announced Monday on Facebook that it now has drone delivery service to locations within a 1.2-mile radius. The drone delivery fee is free for a limited time, according …

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Burger King To Face Class Action Suit On Whopper Size

Reuters reports: A U.S. judge has rejected Burger King’s bid to dismiss a lawsuit claiming that it cheated hungry customers by making its Whopper sandwich appear larger than it actually is. Customers in the proposed class action accused Burger King of portraying burgers with ingredients that “overflow over the bun,” making it appear that the burgers are 35% larger and …

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Taco Bell Wins Trademark Battle Over “Taco Tuesday”

Reuters reports: Yum Brands’ Taco Bell prevailed on Tuesday in its self-described bid to “liberate” the phrase “Taco Tuesday,” as competing fast-food chain Taco John’s told the U.S. Patent and Trademark Office (USPTO) it would abandon its federal “Taco Tuesday” trademark. Taco Bell had asked the USPTO in May to cancel the trademark, calling it a common phrase that Taco …

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FDA: Dogs Okay At Restaurants In Outdoor Seating

CBS News reports: Do you like taking your dog to restaurants? Go ahead, it’s fine, according to the Food and Drug Administration which now says it’s safe to bring dogs to restaurants with outdoor seating. The new guidance came in an update to the 2022 FDA food code. The FDA stated that its health rules “allow for pet dogs in …

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Laboratory-Grown Meat Could Go On Sale This Year

Reuters reports: Once the stuff of science fiction, lab-grown meat could become reality in some restaurants in the United States as early as this year. Executives at cultivated meat companies are optimistic that meat grown in massive steel vats could be on the menu within months after one company won the go-ahead from a key regulator. Cultivated meat is derived …

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NYC Shops Drop Brewer After CEO Goes Vax=Nazi

Williamsburg Patch reports: As Threes Brewing co-founder and CEO defends his claim that COVID-19 vaccine mandates are a “crime against humanity,” restaurants and shops across Brooklyn are taking his beer off their menus. Joshua Stylman doubled down with a blog post Wednesday, one week after outraging customers and employees by publicly comparing vaccine mandates to policies of the Jim Crow …

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NYC Poised To Do Away With Outdoor Dining Sheds

NY1 reports: The outdoor dining sheds that changed the landscape of New York City’s streets during the pandemic may soon get packed up for good. During a City Council hearing on Tuesday, Department of Transportation officials said that a revised outdoor dining program likely won’t feature sheds at all. “We don’t envision sheds in the permanent program, we’re not planning …

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NY Gov Backs Permanent Okay On To-Go Cocktails

Gothamist reports: New York Governor Kathy Hochul wants to permanently legalize the sale of cocktails to-go as part of a small business recovery plan outlined in her first state of the state address Wednesday afternoon. “Thousands of bars and restaurants, the souls of our neighborhoods, have had to close,” Hochul said. “We’re also going to do something bars and restaurants …

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NYC Battles Over Future Of Outdoor Dining Sheds

The New York Times reports: Marking a pivotal transition in a return to normalcy, New York now faces the same question as cities like Philadelphia and Atlanta that are weighing proposals to keep outdoor dining: Which emergency innovations borne of the pandemic should remain as permanent legacies? In New York, the program has turned into a contentious battle over who …

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SF Sanctions Burger Joint For Defying Vax Mandate

San Francisco’s CBS News affiliate reports: The In-N-Out hamburger chain is sizzling mad after the city of San Francisco shut down its indoor dining for refusing to check customers’ vaccination status, as is required by a local mandate. The company’s Fisherman’s Wharf location — its only one in San Francisco — was temporarily shut by the Department of Public Health …

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McDonald’s Tests “McPlant” Burger In Several States

CBS News reports: McDonald’s will offer its first vegetarian option in the U.S. next month, taking its new McPlant meatless burger for a test drive on U.S. menus, the fast-food giant announced Thursday. “Eight McDonald’s restaurants across the U.S. will be testing the McPlant for a limited time starting Nov. 3 while supplies last,” McDonald’s said in the announcement. The …

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Burger King Tests Plant-Based “Chicken” Nuggets

CNN Business reports: Two years after launching the Impossible Whopper, Burger King is testing out Impossible nuggets. Starting on October 11, Burger King restaurants in Des Moines, Iowa, Boston, Massachusetts and Miami, Florida will serve eight-piece plant-based nuggets made by Impossible Foods for a limited time. The product will be prepared in oil used for meat and cheese products, Burger …

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