Tag: debt
Industry Campaign Requests HST Relief for Ontario Restaurants
TORONTO — In an effort to stabilize the restaurant industry, local restaurant owners, the Ontario Restaurant Hotel & Motel Association (ORHMA) and the Ottawa...
Operators Will Need to Win Back Customers Post-COVID-19
As we ended the fourth quarter of 2019, restaurant growth was slowing. Unemployment had risen, consumer sentiment had fallen and household debt was at...
Survey Shows Restaurants Won’t Recover from COVID-19 without Rent Relief
TORONTO — A new survey from Restaurants Canada has revealed nearly all foodservice businesses are concerned about their current debt levels and many won’t...
Quiznos’ Restructuring Plan Is Complete
DENVER — Quiznos’ threat of bankruptcty has come to an end. The company emerged from its Chapter 11 bankruptcy protection when $400 million was slashed from its debt.
Canadian Trends and Directions Conference Spotlights Menu Trends
TORONTO — Canada’s foodservice consumers are setting new standards for menu innovation, according to insights from the annual Canadian Trends & Directions Conference, held yesterday at the Westin Prince Hotel in Toronto, where 160 operators and suppliers gathered for a day of learning and networking.
Sbarro Files for Bankruptcy
MELVILLE, N.Y. — The pizza restaurant chain Sbarro filed for bankruptcy protection today.
The popular Melville, N.Y.-based pizza chain announced last month that it will...
Aramark Files for IPO
PHILADELPHIA — Aramark Holdings Corporation has filed to take the company public, with plans to raise $100 million in an initial public offering.
This marks...
CRFA: Restaurant Sales to Grow 4.1 Per cent Annually
TORONTO — Restaurant sales in Canada are predicted to grow an average of 4.1 per cent over the next five years, from $52.9 billion...
