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24 fast-food and restaurant chains you might see less of in 2021

Multiple fast-food chains have seen closures over the past few years, and some are facing even more due to the coronavirus. Friendly’s just filed for Chapter 11 bankruptcy amid the pandemic and declining sales over the past two years. IHOP recently announced that around 100 locations are expected to close […]
24 fast-food and restaurant chains you might see less of in 2021
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Steak n’ Shake permanently closes 51 restaurants, continuing the chain’s dangerous downward spiral toward bankruptcy

Steak n’ Shake is permanently closing 51 restaurants, according to parent company Biglari Holdings’ most recent quarterly report. The burger chain has been struggling for the last several years, “temporarily” closing over a hundred locations and haemorrhaging millions of dollars as sales plummet. Steak n’ Shake’s turnaround plan relies on […]
Steak n’ Shake permanently closes 51 restaurants, continuing the chain’s dangerous downward spiral toward bankruptcy
News

Fast food is on the verge of a crisis — and not every chain will survive

The restaurant industry is engaging in a “turf battle” as fears over store closures increase. Rising labour costs, changing millennial tastes, and too many choices means the industry is more competitive than ever before. “It’s kind of like treading water and fearing something bad will happen,” one industry expert told […]
Fast food is on the verge of a crisis  —  and not every chain will survive