restaurants: April 2009 Archives

Two Fatburger subsidiaries file Chapter 11

| | Comments (0) | TrackBacks (0) | Retweet

Fatburger's California and Nevada subsidiaries filed for bankruptcy and are in need of loan restructuring. Indications are their Fatburger locations, 32 in all, will stay open during the proceedings. The bankruptcy affects more than a third of all Fatburger stores.


The national restaurant scene

| | Comments (0) | TrackBacks (0) | Retweet

This weekend's New York Times consumer-economy article is about overcapacity in the nation's restaurants. Stores-to-customers ratios have actually been in decline since 2005, leading to significant overcapacity that is making a difficult economy even worse. Forecasters are expecting as many as 20,000 net restaurant closings in the next few years as consumers' spending adjustments solidify.


Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

About this Archive

This page is a archive of entries in the restaurants category from April 2009.

restaurants: March 2009 is the previous archive.

restaurants: September 2009 is the next archive.

Find recent content on the main index or look in the archives to find all content.