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90 Days In The News – Top Restaurant Headlines
Denny’s agrees to go private in $620M deal (Nov 3)
Wendy’s to close 200–350 U.S. units as part of “Project Fresh” (Nov 3)
Read the full article:
https://www.nrn.com/quick-service/wendy-s-to-close-hundreds-of-u-s-restaurants
Hooters exits bankruptcy; founders’ group retakes control (Nov 3)
Big-brand “value and nostalgia” pivots as competitive strategy (Aug–Nov)
Read the full article:
https://www.newsweek.com/kfc-two-major-menu-changes-10810403
Wave of smaller chain & franchisee bankruptcies accelerates (Jul–Nov)
Read the full article:
https://www.thestreet.com/restaurants/harolds-chicken-locations-file-for-bankruptcy
Menu-price inflation slows but stays structurally high (Sep CPI, Oct data)
Read the full article:
https://www.bls.gov/news.release/pdf/cpi.pdf
Traffic-growth problem confirmed: sales up, guests flat-to-down (Jul–Sep)
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