Chipotle recently announced a 2% increase in menu prices across the country. This decision comes as a response to higher costs of key ingredients like dairy, beef, and avocados. The move aims to counter the effects of inflation, which has been especially tough on restaurants. Despite the price hike,
The restaurant industry is eagerly awaiting 2025 after a challenging 2024. Kate Jaspon, the CFO of Dunkin' parent company Inspire Brands, expressed her hopes for the new year at a recent conference in Las Vegas. The industry has faced multiple setbacks, with bankruptcy filings up by over 50% compare
In a surprising turn of events, TGI Fridays, the iconic restaurant chain, has filed for bankruptcy protection. This move comes after the company faced a series of setbacks, including the closure of numerous branches across the United States. The primary cause for this financial struggle, according t
The iconic restaurant chain TGI Fridays has sought bankruptcy protection. This move comes after the company faced significant financial struggles due to the COVID-19 pandemic and its capital structure. The Dallas-based chain filed for Chapter 11 bankruptcy in a Texas federal court on Saturday. The
Wendy's is planning to close 140 of its restaurants in the next few months. But don't worry, they're not disappearing—the fast food chain is opening an equal number of new locations. The restaurants being shut down are old and in areas that aren't doing well financially, according to Wendy's CEO, Ki
Boston's beloved restaurants are struggling. This summer, typically a slower period anyway, was especially tough. Diners are spending less, coming out less often, and industry experts are asking: is this just a summer blip, or a sign of deeper trouble? We hear from restaurant owners about rising c
A beloved local institution, Comida, is closing its doors at Stanley Marketplace after nearly two decades of serving up delicious tacos. This news comes on the heels of other recent closures in the food hall scene, leaving some wondering if the future of these communal dining spaces is in jeopardy.
