monsantomafia
fastfood
foodsupply
debt collapse
12/11/2024
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By Arsenio Toledo
Wendy’s announces closure of 140 restaurants nationwide
Wendy’s has announced the closure of 140 underperforming locations in the United States. This decision is part of a strategic effort to streamline operations, improve profitability and focus on high-growth areas. The 140 restaurant closures were identified through a comprehensive, data-driven review. These locations were described as outdated and underperforming, with financial results “well below […]
10/25/2024
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By Laura Harris
Rising costs, shrinking consumer spending and changing customer habits push more restaurants into bankruptcy
At least 10 major restaurant chains have filed for Chapter 11 bankruptcy this year due to rising costs, shrinking consumer spending and the disappearance of pandemic-era financial support. In August alone, three notable restaurant chains sought bankruptcy protections. Mediterranean fast-casual chain Roti filed on Aug. 23, citing challenges from high operating costs and decreasing foot […]
10/15/2024
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By Laura Harris
McDonald’s will likely revamp value meal as Bidenomics continues to strain the wallets of lower-income customers
Mcdonald’s Chief Executive Officer Chris Kempczinski has announced that the fast food giant will likely “revamp” its value meal as President Joe Biden’s economic program, also known as “Bidenomics,” continues to strain the wallets of lower-income customers. In July, McDonald’s reported a decline in same-store sales for the first time in nearly four years, a […]
09/30/2024
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By Ava Grace
127 Pizza Hut branches to close down as franchisee files for bankruptcy
The franchisee of some 127 branches of Pizza Hut across five states in the South and Midwest has put them up for sale after filing for bankruptcy in July due to mounting debts. Those branches are now at risk of closing for good. Moreover, some 15 locations of the pizza parlor in Indiana and Ohio were […]
09/20/2024
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By Laura Harris
Kevin Hart’s vegan food chain closes all locations in California following minimum wage hike for fast-food workers
Comedian Kevin Hart’s vegan fast-food chain Hart House suddenly closed all four locations in Southern California on Sept. 10 due to the alleged impact of the new minimum wage hike for fast-food workers. In September 2023, California Gov. Gavin Newsom signed AB 1228 by Assemblymember Chris R. Holden (D-Pasadena) to increase the minimum wage for more than 500,000 […]
09/03/2024
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By Ethan Huff
Dozens of KFC restaurants across Midwest CLOSE SUDDENLY – Is EYM Group (Pizza Hut, Burger King) struggling to survive?
Hundreds of employees were let go abruptly after dozens of KFC restaurant locations across Illinois, Indiana and Wisconsin closed suddenly this past week. As many as 25 KFC restaurants owned by fast food franchisee EYM Chicken are now empty retail shells, but parent company EYM Group, which owns other fast-food chains like Pizza Hut, Burger […]
08/09/2024
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By Cassie B.
Western brands take big financial hit in Muslim countries from boycotts over their ties to Israel
Several major Western food brands have been noting significant financial losses in Muslim countries in the wake of ongoing boycotts against companies that do business with Israel. Many consumers in countries such as Saudi Arabia, Egypt, Pakistan and Indonesia have been boycotting firms that they believe are supporting Israel as it commits genocide against the […]
07/09/2024
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By Olivia Cook
Fast-casual pizza chain MOD Pizza in the red, considers BANKRUPTCY FILING
Fast-casual restaurant chain MOD Pizza appears to be in the red and is reportedly considering filing for bankruptcy. Bloomberg News first disclosed the development, citing unnamed sources. The report said while bankruptcy is a possibility, MOD Pizza could still choose a different path. The company is “exploring all options” to improve its financial situation, according […]
06/26/2024
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By Olivia Cook
Casual dining restaurant chain Hooters CLOSES several locations nationwide as “restaurant apocalypse” worsens
Casual dining restaurant chain Hooters – known for its iconic wings and the signature Hooters Girls – has announced the closure of several locations across the United States. The closures appear to impact Hooters locations in 14 states. According to Hooters’ owner Nord Bay Capital, economic challenges such as rising food, labor and rent costs […]
06/18/2024
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By Olivia Cook
America is in the middle of a “restaurant apocalypse,” an ominous sign for the U.S. economy
The United States is witnessing a rapid decline in the country’s restaurant industry, notable as a bellwether for gauging the health of the U.S. economy. During economic prosperity, restaurant parking lots are packed and new locations are rapidly popping up. Conversely, during economic downturns, restaurants see a significant drop in patrons and struggling locations often […]
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