31-year-old restaurant empire faces a major shutdown
In my neighborhood, a successful restaurant that did a massive weekend brunch business closed over a lease dispute with the owner of its building. The restaurant was willing to pay an increase, but not as much as the landlord wanted. That happened right before the Covid…
In my neighborhood, a successful restaurant that did a massive weekend brunch business closed over a lease dispute with the owner of its building. The restaurant was willing to pay an increase, but not as much as the landlord wanted. That happened right before the Covid…
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Why it matters
The shutdown of a 31-year-old restaurant empire due to a lease dispute is a localized business event with limited impact on credit markets or broader financial professionals.
Sources
TheStreet
31-year-old restaurant empire faces a major shutdown
In my neighborhood, a successful restaurant that did a massive weekend brunch business closed over a lease dispute with the owner of its building. The restaurant was willing to pay an increase, but not as much as the landlord wanted. That happened right before the Covid…