Disclosure tears multiple sectors throughout the United States, and it affects eating chains.
Tgi Frdys, Red Lobster and Hooters recently fell into bankruptcy, but how they wandered in this series.
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The Americans seem to run their appearance on informal food, but with these stories of woe, moments of revelation and development have become.
The demand for more comfort and the fastest service means that food needs to adapt to changing times.
“They are trying to aim at the average consumer,” said Ernst Baskin, associate professor of food marketing at St. Joseph University.
“When consumers start watching their budget, the middle shrinks.”
The Mayo chains were martyred with things like inflation, consumer habits and supply chain issues as the main causes of their conflicts.
So far in 2025, there have been three unofficial bankruptcy.
TGI Friday
The United States newspaper reported that SUN only has a handful of the remaining spots in the United States after submitting Chapter 11.
Only 85 remains after the bankruptcy series in November 2024.
One of the main reasons for contraction is the continued repercussions of the Corona virus.
At that time, the company said in a statement: “R.he pandemic The “main driver of our financial challenges” was.
On Friday, TGI still has 164 open sites while her mother company has applied for bankruptcy, but she closed many sites throughout Bankruptcy practical.
This includes 30 restaurants during the past month.
But there is some promising temporary in front of the series, because it seeks to save itself.
We look forward to the remaining Restaurants It aims to add a new menu that focuses on common food between Gen Z Diners.
This includes taking advantage of things like Fusion Foods and a greater focus on grilled meat slices.
Red Sea locusts
Red Sea locusts It has made ambitious movements to rid its way, as the American sun mentioned in March.
Many of this change is led by the CEO of Damola Adamolekun.
The former leader of PF Chang's Durad wants Red Sea locusts Return to a reliable series, with customer service upgrades and menu changes.
He said: “We are doing some new things in the menu by mostly locusts and lobster.
“The distinguished for us is the product, and I want the service as well.
“If we win these two, this is a good thing, it is not just a chain restaurant because it contains something you cannot get anywhere.
“If you want the lobster and want it for $ 20, we have a lobster for this price in a certain way Markets.
How does bankruptcy work?
Banking is a specific legal process that helps companies cancel debts that they cannot pay.
The process allows companies to start new and reach new credit.
The bankruptcy, which is supervised by federal courts, allows the company to sell its assets more easily to pay creditors, according to Investopedia.
Chapter 11, which is a common process for companies, is used to restructure a company with the aim of survival – even if it means selling most of the company's real estate.
Chapter 7, on the other hand, sells all the assets of the company and removes it from work.
Chapter 15, instead, is allowed to cooperate between American and foreign courts to conduct bankruptcy procedures with “parties to an interest that includes more than one country,” according to the United States courts.
“At the same time, the value is what you get for the price.
“If the hospitality is better, the food is more interesting, the drinks are enjoyable, and pay the same price for all of that; people will see it as valuable.”
Red Sea locusts She has already faced years of weak sales and high food and employment costs.
I have already cut 50 Restaurants In 2023 he recorded a loss of about $ 76 million.
More than 100 other people are closed through Bankruptcy procedures.
HOOTERS
Of the three, HOOTERS It is the series that had to do the greatest search for the soul in order to return to the right path.
Not only did the company get rid of the bikini nights now, as covered by the United States, but it is also trying to re -invent its brand from A to Z.
The company is trying to return to its roots after its presentation Bankruptcy.
The strange and medium company has made it unofficial and restored that it looks increasingly old as the culture began to change around it.
Nile Kevir, CEO of the founder -owned unit, HMC Hospitality Group, which she owns HOOTERSHe said: “I call it a re -adherence.
“She goes to some parts of the country and people say,” Oh, I couldn't go to Hooters, my wife was killing me. “
“This is frustrated to us. We want to change that.”
Regardless, HOOTERS It also struggles with the typical objects of high costs and demand for more comfort between dinner.
HOOTERS I closed more than 40 sites last year, according to Consulting Consulting Technomic.
This raised the total number in the United States to about 250 of the peak of 400 in 2008.
“What was in the eighties was an old work today,” said Mark Kalinovski, CEO of Kalinowski Equity Research, CEO of restaurant investment.
“I have seen a quick service and a quick market share of eating informal food.”
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