Restaurant News Roundup, 12/13/2020
An estimated 17% of the restaurants in the U.S. have closed permanently this year because of the impact of the coronavirus pandemic, according to the National Restaurant Association. Read more here: https://www.cnn.com/2020/12/08/business/restaurant-closures-coronavirus/index.html
New York’s 21 Club – which for 90 years hosted presidents and other luminaries – has shut down. The iconic restaurant on West 52nd Street has been closed since March because of the coronavirus pandemic and finally was unable to continue operating. Read more here: https://www.foxbusiness.com/lifestyle/prohibition-era-21-club-close-nyc
Third-party delivery provider, Door Dash, cashes in on its IPO – making it more valuable than most restaurant chains. Read more here: https://www.restaurantbusinessonline.com/financing/doordash-already-more-valuable-most-restaurant-chains
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