The Wendy's Company has signed a letter of intent to acquire up to 163 Wendy's restaurants from Meritage Hospitality Group as part of a broader effort to strengthen its U.S. restaurant portfolio and improve franchisee economics. The announcement was made during Wendy's…
The casual dining industry has suffered another major blow following the bankruptcy filing of Outback Steakhouse's largest U.S. franchisee after years of soaring costs, declining customer traffic, and mounting debt. San Diego-based Out West Restaurant Group, also known as Cerca Trova…
Beef prices have been especially punishing. Cerca Trova said beef became roughly 15% to 20% more expensive in 2022 and then kept climbing by as much as 5% annually in the years since, Quartz reported. Meanwhile, the company's borrowings swelled to near $449 million, up…
A snack manufacturing facility in Conover will permanently close by Dec. 18, laying off 93 people. A new chapter begins for OsteoStrong Hickory. The bone health and wellness center is relocating to 920 Tate Blvd. SE after nine years at its p… The…
Fast-food burger franchisees are rejecting underperforming leases in bankruptcy cases as part of reorganizations, which they hope will shed unprofitable restaurants. Among the burger chains that are restructuring debt and closing restaurants are Wendy's and Checkers and Rally's. Checkers and…
Selling a California home near the $900,000 median and buying in Boise at $538,000 frees roughly $362,000 in equity after the move. A 4% draw on leftover equity plus average Social Security delivers about $4,414 a month, leaving $3,787 after property tax and Medicare premiums. California…
Wendy's has made a troubling announcement. Per The New York Post, "One of the largest Wendy's franchisees — Meritage Hospitality Group — is aiming to close down another round of restaurants after a year full of shutters and a Sept. 16 bankruptcy filing.
Sixty-one Outback Steakhouse restaurants across five Western states filed for Chapter 11 bankruptcy protection on November 2, 2026. The franchisee behind the filing, Cerca Trova Restaurant Group (operating as Out West Restaurant Group), cited California labor costs as a key financial pressure. Bloomin…
A federal bankruptcy judge has cleared Meritage Hospitality Group to close up to 60 more Wendy’s franchise restaurants by November 13. The ruling comes in the same week that Flynn Group, which operates more than 340 Wendy’s of its own, joined Trian in…
Seattle-based Starbucks ended its fiscal year with a 7.2% increase in global comparable coffeehouse sales for the fourth quarter, with both average ticket and transactions rising. In North America, comp sales rose 7.9% in the 13-week quarter ended Sept. 27. A 5% increase in…
The cuts and shutdowns.
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