Papa Johns to Close 300 Restaurants in Major Restructuring
#RestaurantClosures #CostCuttingPapa John's will close 300 underperforming restaurants by 2027 to cut costs, including 200 this year. The closures follow flat annual revenue and a 6% Q4 sales drop. The chain also cut 7% of its corporate workforce. read more
Darden Closes Bahama Breeze After 30 Years
#RestaurantClosures #HospitalityNewsBahama Breeze, a Caribbean-themed restaurant chain, is closing after 30 years. Parent company Darden is shuttering 14 locations and converting another 14 to other brands by April 5, citing industry challenges. It aims to reassign affected staff. read more
"Denny's to close 150 locations, make operating changes amid challenges"
#Dennys #restaurantclosuresDenny's plans to close 150 locations in the US, with 50 to shut down by the end of 2024 and the rest by 2025. The closures are due to underperformance and could include changes to its 24/7 operating hours and menu. read more