Restaurant News Roundup: Dark Clouds at Subway & Papa John’s, Trump Tax Bill Praised

Subway reported to be in serious trouble as over 900 of its sandwich stores close in 2017 because of changing consumer tastes. Read more here: http://www.businessinsider.com/subways-closes-stores-spirals-downwards-2017-12

Papa John’s stock price continues to drop despite the outspoken founder’s decision to step down in the wake of the NFL controversy. Read more here: https://www.bloomberg.com/news/articles/2017-12-22/papa-john-s-declines-after-founder-abruptly-quits-the-ceo-role

Restaurant Association hails Trump tax bill, saying passage will “help restaurants remain strong economic engines and job creators.” Read more here: http://www.nrn.com/finance/restaurants-retail-groups-hail-passage-tax-plan

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