Large Restaurants Insulated from Losses
It pays to go public. Unequivocally, 2020 will be the most difficult year that hundreds of thousands of independent restaurateurs have ever endured. Yet for most publicly traded restaurants, it…
It pays to go public. Unequivocally, 2020 will be the most difficult year that hundreds of thousands of independent restaurateurs have ever endured. Yet for most publicly traded restaurants, it…
The outdoor terrace at New York City’s Eleven Madison Park is open. Since the onset of the coronavirus pandemic, Daniel Boulud’s three Michelin star restaurant has alternately been used for meal…
A new report confirms what many already knew: mortgage delinquencies are hitting record highs. To be specific, 6.1% of total U.S. mortgage borrowers are delinquent on payments — their worst…
Although many restaurant owners had trusted government indications that most of the country would be fully operational by now, 22 states have either reversed or paused reopenings altogether. As of…
Florida has been breaking all the wrong records this month, including an all-time high COVID-19 death count today. Congresswoman Donna Shalala said yesterday that “the virus is totally out of…
Over 546 people have been sickened by bagged salad products containing iceberg lettuce, red cabbage, and carrots due to Cyclospora contamination. According to the Illinois Department of Health, “the outbreak…
Analysts have published surprisingly upbeat commentary on several restaurants during the past few weeks. Highly trained, well paid, and supported by sizable research teams, Wall Street’s analysts often appear on…
Workers in the restaurant industry have lost double the number of job losses than any other NAICS industry. From March through June, the industry has laid off 3,130,900 workers. Restaurants…
Restaurants are doing their best to assure their patrons remain safe while dining. Since yesterday, the U.S. has added 46,329 new cases of COVID-19 and 322 more people have died…
For some of the nation’s largest restaurant chains, today was embarrassing at best. The U.S. Treasury released a redacted spreadsheet naming the largest beneficiaries of its $659 billion Paycheck Protection…
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