Will Printemps — the fashion, restaurant hybrid store — lift FiDi’s fortunes?
The new Printemps fashion store, which opened on Harry McLaw's One Wall Street on Friday, “may be the most beautiful store in New York,” said Jessica Lapin, president of the Alliance's downtown. “McLaw wouldn't have done that well,” said Joanne Podel, a retail power broker at Cushman & Wakefield, representing Chinese lifestyle chain Minizou on […]
44% of Washington DC restaurant owners think they’ll close in 2025
Please see what you are clicking on foxbusiness.com. Possible restaurant closures loom on restaurants in the country's capital. 44% of full-service casual restaurants operating in Washington reported that closing their doors was “very” or “somewhat” in 2025. Local media outlet WJLA reported on the investigation and was conducted and published in 217 restaurants in the […]
McDonald’s is most searched fast-food restaurant on the internet in America, says survey
McDonald's is America's favorite fast food restaurant, and people are searching for Illinois-based chains online in more states than any other facility. This is based on a survey conducted by commercial restaurant furniture manufacturers based on average monthly internet searches in the region. Restaurant Furniture used Google search data over a 12-month period to determine […]
Tex-Mex restaurant chain On The Border files for bankruptcy
(wjet/wfxp) – At the border, a casual Tex-Mex dining chain filed for Chapter 11 bankruptcy this week. The company is currently open 60 locations Throughout the US, these locations are expected to remain open and operational during the process. According to Court documentsborders report assets and liabilities of between $10 million and $50 million. a […]
Taco Bell AI restaurant coach showcased in NYC this week
ARM CEO Rene Haas discusses the big technology that pledges billions of dollars for AI in “Claman Countdown.” It was a big week for Yam brand Taco Bell as executives of the fast food giant held their annual live Más live event in New York City, showcasing new labor-saving technologies and unveiling a billion-dollar digital […]
McDonald’s CEO gives three predictions for restaurant biz in 2025
On Wednesday, McDonald's CEO Chris Kempchinski provided three predictions on the trends the quick service restaurant industry will be seeing this year. The top three trends that Kempczinski predicts to emerge in this sector this year focus on food and technology. He detailed them in the video Posted on Instagram. “I think protein is going […]
Soaring egg prices cost restaurant owner $20K more each week
The ramp-stretched bird flu outbreak has caused egg prices to skyrocket, causing the dining industry to hurry to catch up. Catalogue Founder and CEO Steve Sallis, the restaurant holding company that owns more than 12 locations throughout the Delaware-Mariland-Vilguinea region, said he began to notice that egg costs were piling up in the second week […]
Expect more restaurant bankruptcies in 2025, expert says
Doug Holtz Eakin, president of the American Action Forum, places emphasis on the Fed's trajectory to control fast food prices above wages and inflation. More and more major restaurant chains have been bankrupt over the next few years as the industry struggles to manage the heavy debts it has accumulated during the Covid-19 pandemic, according […]
Third-party apps offering hard-to-get NYC restaurant reservations fuming over Hochul crackdown
Gaining restaurant reservations at New York City's coveted hotspots once required a combination of skill, charm and savvy skills. Third-party bot-driven scalper sites have begun selling them at astronomical fees. Tourists and other Deep Pocket gourmets use apps such as Appointment Traders to skip the holiday line to pay $2,500 to pay $2,500, and polobar's […]
Iconic NYC Italian restaurant abruptly closes after 121 years but aging owner hopes this isn’t arrivederci
The sauce is exhausted at this iconic red sauce spot. Ferdinand's focus at Carol Gardens suddenly closed its doors last weekend after serving 121 years of Sicilian classics like rice balls and panel sandwiches. Manjamanjia There's no more. Owner Frank Buffer said his age and physical anguish lie behind the decision to call it a […]