Restaurants

Activist Post - Recently, you may have heard that Red Lobster has recently closed dozens of locations with more on the chopping block. But that’s not the only place shuttering their shops. They’ve filed for bankruptcy and many blame its ill-fated Ultimate Endless Shrimp promotion as being the straw that broke the lobster’s back.  Fifteen Pizza Hut locations in Indiana closed overnight due to a financial dispute with one of its largest franchisees. And there could be many more to come.The dispute centres on millions of dollars in unpaid bills and puts 129 more locations in Illinois, Georgia, South Carolina and Wisconsin at risk of closure. (source)

Applebees has closed more than 300 restaurants in the past year, and another 25-35 locations are due to close this year. Boston Market used to have hundreds of locations but is now down to only 27 remaining after abrupt bankruptcies. It’s also the end of an era at Steak ‘N Shake. They’ve dwindled from more than 600 locations to 148 over the past few years. Other restaurants closing locations include Denny’s, Hardee’s, PDQ, MOD Pizza, TGIFriday’s, Dairy Queen, KFC, Cracker Barrel, Outback Steakhouse, and Arb