Restaurant New Roundup, 10/16/2024
TGI Fridays is undergoing a wave of closures with six location shutdowns just in the past week. The fast-casual chain, which started out as a singles bar in New York in 1965, has been struggling for years because of shifting customer demand. Read more here: https://www.restaurantbusinessonline.com/financing/tgi-fridays-closes-more-us-restaurants-troubles-continue
It’s becoming clear that TikTok and other social media platforms can either boost or destroy your restaurant brand…almost instantaneously. Read more here: https://www.nrn.com/technology/tiktok-generation-demands-more-restaurant-brands-or-else
Immigrant Food, which showcases the diverse culinary heritage of immigrants, is expanding its footprint since opening in 2019 in the Washington, DC area and now operates five eateries. Read more here about the chain’s guiding philosophy that has brought it success: https://www.forbes.com/sites/geristengel/2024/10/16/immigrant-food-restaurants-with-a-mission/
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