Restaurant News Roundup, 8/1/2020
California Pizza Kitchen has filed for bankruptcy, blaming the COVID-19 pandemic for its financial problems. Take-out proved not be a solution for CPK, since 78% of its total sales before the coronavirus lockdown came from in-store dining. Read more here: https://www.cbsnews.com/news/california-pizza-kitchen-bankruptcy-chapter-11/?ftag=CNM-00-10aac3a
Dunkin’ to close in 800 locations across the U.S. as the economy slows because of the coronavirus pandemic. Dunkin’s move follows a similar announcement by McDonald’s earlier this past week to shut down in about 200 U.S. locations, many of them located in Walmart stores. Read more here: https://www.foodandwine.com/news/dunkin-closing-800-stores
Despite all the bad news about restaurant closures, some daring operators are opening new eateries in cities such as Arlington, VA, Chicago and NYC. Read more here: https://www.restaurantbusinessonline.com/operations/new-restaurants-are-opening-others-close
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