restaurant industry
23 stories related to this topic, newest first.
Fox NewsFuddruckers Operates 44 Restaurants After Decades of Ownership Changes
The burger chain has declined from a peak of several hundred locations to 44 outlets. Multiple ownership transitions and shifts in dining habits preceded the reduction.
finance.yahoo.comGuzman y Gomez Sued in U.S. Over Alleged Failure to Notify Staff of Closure
A lawsuit filed in the United States alleges that Australia's Guzman y Gomez did not provide required notice before closing a location. The complaint centers on compliance with federal worker-notification rules.
france24.comHooters CEO Says Chain Shifting Focus to Families
Hooters is updating its image and uniforms to emphasize a beach theme rather than overt sex appeal. CEO Neil Kiefer said the changes aim to bring back customers who left after the brand became more sexualized.
yahoo.comMichigan Couple Loses $250,000 Savings After Restaurant Closes After 16 Months
A Michigan elementary school teacher and her husband spent nearly their entire savings to open a restaurant that closed after 16 months, leaving them with $52,000 in credit card debt. The couple now faces marital strain and questions from their children about losing their home.
archdaily.comHooters CEO Describes Shift Toward Family-Friendly Focus
Hooters CEO Neil Kiefer said the chain is returning to a neighborhood restaurant model that includes families. The comments follow a change in ownership after Hooters of America filed for bankruptcy in 2025.
Usa TodayPresident Trump Reports Investments in Kura Sushi and Other Companies
President Trump disclosed holdings in Kura Sushi ranging from $1 million to $5 million. The filing also listed transactions in Amazon, Apple, Microsoft, Nvidia, and several restaurant chains.
foxnews.comRed Lobster to Close Tallahassee Location Open Since 1970
A Red Lobster restaurant in Tallahassee, Florida, that opened in 1970 will close after 56 years of operation. The chain confirmed the decision follows routine evaluation of performance and lease terms.
en.antaranews.comPresident Discloses Investment in Sushi Chain Operator
A U.S. president reported a multimillion-dollar stake in a sushi restaurant chain operator during the first quarter of 2026. The disclosure came through an official ethics filing and followed a period of share price movement.
salon.comCracker Barrel Launches 10-Week Summer Road Trip Sweepstakes
Cracker Barrel Old Country Store Inc. started a 10-week sweepstakes on Monday that awards weekly prizes to customers who purchase qualifying entrées. The promotion runs during a period of elevated gas prices.
nypost.comPizza Hut Franchise Operator Restores Retro Design at Over 80 Locations
A Kansas-based operator of nearly 100 Pizza Hut restaurants is restoring red checkered tablecloths, vinyl booths, and other original features at more than 80 sites. The changes revive elements such as the salad bar, red plastic cups, and Pac-Man machines.
Le MondeChicken Fast-Food Chains Expand Rapidly Across France
The number of fast-food outlets specializing in chicken has doubled in France over the past five years to 707 locations. The sector reached a market value of €1.2 billion, rising 8 percent in a single year. Customers cite larger portions and lower cost per quantity compared with…
New York PostInspire Brands Files Confidentially for IPO
Inspire Brands, owner of Dunkin’, Arby’s and Jimmy John’s, has confidentially filed for an initial public offering. The filing comes as the consumer IPO market improves after a slow 2025. Bloomberg News reported in March that the offering could raise about $2 billion as early as…
news.sky.comLeon Restaurants Confirms Closure of 23 UK Sites After Entering Administration
Leon Restaurants has confirmed the permanent closure of 23 company-owned UK sites as part of a restructuring following its entry into administration in December. Co-founder John Vincent injected £2.5 million into the business after buying it back from Asda in October 2025.
The IndependentKFC Expands $10 Weeknight Meal Deals Through Friday
KFC is extending its $10 Tuesday promotion to every weeknight with rotating menu items. The fast-food chain will offer different $10 buckets from Monday through Friday to provide families with more variety at the same price point. The company also introduced two new sauces as par…
benzinga.comShake Shack CFO Katherine Fogerty to Depart Effective June 13
Shake Shack Inc. disclosed the departure of Chief Financial Officer Katherine Fogerty in an 8-K filing. The change triggers a required transition plan and subsequent SEC disclosures on leadership and any separation arrangements.
manilatimes.netSubway Closes 729 US Locations in 2025, Reducing Total to 18,773
Subway shuttered 729 restaurants in the United States last year, continuing a decade-long trend of downsizing. The chain now operates 18,773 locations nationwide, all run by franchisees. Meanwhile, McDonald's maintains about 14,000 US restaurants as Subway focuses on strategic ad…
nrn.comSubway Launches Fresh Value Menu with Over 15 Entrees Under $5 Nationwide
Subway introduced its new Fresh Value Menu on April 28, 2026, featuring more than 15 entrees priced under $5, many with over 20 grams of protein. The menu includes Deli Faves sandwiches, Protein Pockets and daily sub specials. This follows similar value menu launches by Taco Bell…
indiatoday.intoday.inMcDonald's Announces Launch of Six New Crafted Beverages in U.S. Restaurants
McDonald's stated it will introduce six new beverages, including refreshers and crafted sodas, starting May 6 in U.S. locations. The move follows trends in customized drinks popularized on TikTok and aims to boost afternoon sales. Other fast-food chains like Wendy's and Taco Bell…
londontheinside.comCava Group Shares More Than Double in Five Months, Drawing Bearish Wall Street View
Shares of Cava Group Inc., a Mediterranean fast-casual restaurant chain, have more than doubled in value over the past five months. A new bearish analyst on Wall Street stated that the rally has gone too far. The company operates in the fast-casual dining sector.
MarketWatchJersey Mike's Confidentially Files for U.S. Initial Public Offering After Blackstone Deal
Sandwich chain Jersey Mike's has confidentially filed for an initial public offering, seeking a valuation of at least $12 billion. The move follows Blackstone's 2024 acquisition of a majority stake that valued the company at roughly $8 billion. Jersey Mike's operates more than 3,…
Substrate placeholder — needs reviewAri Emanuel Hosts 65th Birthday Party at Noma's Los Angeles Pop-Up Amid Prior Controversy
Ari Emanuel celebrated his 65th birthday with an intimate gathering at Noma's temporary Los Angeles location over the weekend. Attendees included Elon Musk, Jimmy Iovine, and Larry David, among others. The event occurred at the pop-up of the Michelin-starred Copenhagen restaurant…
Substrate placeholder — needs reviewFormer Employees Accuse Sacramento Chef Chris Barnum-Dann of Misconduct During Restaurant Expansion
Former workers at a Sacramento restaurant have accused chef Chris Barnum-Dann of multiple misbehaviors. The allegations come as the chef plans to expand his Michelin-starred operations in California. Details of the accusations were reported by nypost.com.
Substrate placeholder — needs reviewRestaurant Group Pier 50 LLC Sues Former Committee Manager for Alleged $1 Million Theft
Pier 50 LLC, the operator behind the Committee restaurant in Boston's Seaport district, filed a lawsuit in March against former general manager Demetri Tsolakis. The complaint alleges Tsolakis diverted more than $1 million in corporate funds to his personal expenses and competing…