Oct. 30 - Roark Capital sells Corner Bakery | Current Black franchisees sue McDonald's
Current Black franchisees sue McDonald's for racial discrimination; Restaurants weigh survival chances without full capacity or winterization efforts; Wendy's turns drive-thru into spooky Halloween experience; Dunkin' closes over 680 underperforming stores
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The cafe chain was seeing declining sales even before the pandemic, but Boston Market owner Rohan Group sees potential alliances between the two brands.
The proposed class-action suit could include all of McDonald's current Black franchisees, and seeks between $4 million and $5 million in damages per restaurant.
As colder months approach, nearly half of operators think they would last less than a year if they continue to have restricted dining, according to a Rewards Network survey.
Closing these locations will allow franchisees to redeploy capital into a NextGen remodel, build new restaurants or relocate to higher-traffic areas where a drive-thru can be added.
Financial experts weigh in on what is known, and yet to be known, about the Paycheck Protection Program loan forgiveness process to try to clear up confusion.
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