Economic Crisis Claims Another Victim As More Than 130 Pizza Hut Locations File For Bankruptcy
Pizza Hut franchisee EYM Pizza LP filed for Chapter 11 bankruptcy protection on Monday. The lawsuit in the Eastern District of Texas could result in the closure of about 140 Pizza Hut locations across the South and Midwest. according to To NRN: EYM apparently owes Manufacturers Bank more than $21 million and Pizza Hut itself […]
Kroger, Albertsons identify nearly 600 locations they will to get merger approved
See what’s clicking on FoxBusiness.com Kroger and Albertsons, which are considering a merger, have identified 579 grocery stores nationwide to sell from their combined total. The plans to sell the stores are linked to the grocer’s efforts to ease concerns expressed by regulators over Kroger’s proposed acquisition of Albertsons. The stores will be acquired by […]
F1 announces 2025 Sprint Race locations
On Thursday, F1 announced the locations for the sprint races in the 2025 season. As in the 2024 season, there will be six F1 sprint races, five of which will be carried over from this season to the next. But one change will see the F1 sprint format introduced to one of the sport’s most […]
Long Island man indicted for allegedly chopping woman up with ax, spreading remains across 3 locations
A Long Island man has been charged with dismembering a woman’s body and abandoning the body in three locations throughout Patchogue. Suffolk County District Attorney Raymond A. Tierney announced Monday that Gary Cowell, 72, of Patchogue, has been charged with unlawful concealment of a body and tampering with physical evidence for allegedly dismembering the body […]
Bob’s Stores closing all locations after 70 years in latest US retail casualty
Bob’s Stores, a beloved store that has provided clothing to Northeast families for 70 years, is closing all of its locations for good, America’s latest retail casualty. The iconic retail giant was “unable to secure the necessary capital to continue operations,” president Dave Barton said in a statement Monday. Bob’s Stores will liquidate inventory at […]
Hooters Shutters Dozens of Locations as Inflation Plagues Consumers
Hooters has closed dozens of locations as inflation continues to weigh on people and businesses in President Joe Biden’s America. Hooters spokesperson Said of New York Post “Like many restaurants feeling pressured by current market conditions, Hooters has made the difficult decision to close certain restaurants,” the company said Monday. The company has closed about […]
Pizza Hut shuts down 15 locations with 120 others in danger
Pizza Hut has abruptly closed 15 restaurants across the Midwest after getting locked in a bitter legal battle with franchisees, with more than 120 more at risk of closure. EYM Group, which owns and operates 142 Pizza Hut restaurants in Illinois, Indiana, Georgia, South Carolina and Wisconsin, is accused of failing to make millions of […]
Pizza Hut Closes 15 Locations in Indiana with 120 More at Risk
Restaurant chain Pizza Hut reportedly closed 15 dining locations in Indiana on Friday, putting 120 others at risk of suffering the same fate. The restaurant company is currently embroiled in a legal battle with its franchisees. New York Post report on tuesday. The media continued: EYM Group, which owns and operates 142 Pizza Hut restaurants […]
Rubio’s closing 48 California locations due to ‘rising cost of doing business’
A popular Mexican fast food chain is closing 40 locations in California, citing “higher costs of doing business” in the state, just two months after Governor Gavin Newsom raised the minimum wage to $20. Rubio’s Coastal Grill, known for its fish tacos, closed 48 underperforming locations in California as of May 31, but kept 86 […]
Red Lobster Files for Bankruptcy amid Plans to Close 100 U.S. Locations
Restaurant chain Red Lobster announced Sunday that it has filed for Chapter 11 bankruptcy. The news comes after the all-you-can-eat service was reported to have caused a financial crisis. NBC News report On Monday, the restaurant said it was “pursuing operational improvements, simplifying our operations by reducing the number of locations, and pursuing the sale […]