Restaurant chains at risk of bankruptcy amid pandemic - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Restaurants are filing for bankruptcy at a staggering rate — and these 7 companies could be the next to default

— which operates more restaurant locations than any other franchisee in the US.

Many of the publicly traded companies that are most at risk are sit-down chains, such as Outback Steakhouse and Denny's. Concepts that mix food and entertainment, such as Dave & Buster's, are also struggling. "Nearly every big chain has done something to support its balance sheet," James Rutherford, a vice president and research analyst at Stephens Inc., told S&P Global. "The place I do see risk for default is going to be with franchisees."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Confirmed Coronavirus Cases in U.S. Children Rose By 90% in About Four Weeks This Summer, Bringing the Total to Over 380,000

There has been a 90% increase in Covid-19 cases in US children in the last four weeks, report says

Coronavirus infections in Florida children surge 137 percent in a month

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Santa Barbara County, Prince Harry and Meghan Markle's new home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Why do we need to talk about it? They are cute they are loved It here in covid it’s harsh just relax be happy enjoy things cuz life is going to get harder
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Sunrun strategy to provide clean power from customer batteries - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Cash demand drops off a cliff amid coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Plus those who like cash as an enabler for criminality are spoilt for choice with bitcoin, ethereum etc etc Put it on the Hertz company card. Bs!!
Source: BusinessInsider - 🏆 729. / 51 Read more »