Restaurant News Roundup, 10/5/16
Chick-fil-A beats Kentucky Fried Chicken, selling on average almost four times as much fried chicken in its eateries than KFC. Read more here: http://www.businessinsider.com/why-chick-fil-a-is-so-successful-2016-10
“We could use some inventory to come out,” says Darden CEO Gene Lee referring to the need for some bloodletting in the restaurant industry to make it healthy again. Lee, whose company runs Olive Garden and Longhorn Steakhouse, made the comment in a quarterly call. Read more here: http://www.businessinsider.com/olive-garden-darden-ceo-restaurant-industry-closures-2016-10
More Chinese immigrants are opening up sushi restaurants as they look for bigger profits from serving Japanese food compared to traditional Chinese restaurants. The growing number of Chinese-owned sushi restaurants accelerates a national trend where only one in ten Japanese restaurants in the U.S. are owned by someone of Japanese descent. Read more here: https://www.washingtonpost.com/news/wonk/wp/2016/09/29/the-fascinating-story-behind-who-opens-sushi-restaurants-and-why/
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