ARC Burger, a major Hardee’s franchisee, has filed for Chapter 7 bankruptcy and is closing 77 Hardee’s restaurants across nine states due to over $29 million in liabilities. The closure follows a legal dispute where Hardee’s accused ARC of owing more than $6.5 million in unpaid fees and royalties. Despite attempts to negotiate payment plans, ARC failed to meet its obligations, leading to franchise termination and liquidation of assets to pay creditors. This marks a significant contraction for Hardee’s in multiple states.
Stocks of fast food chains like Sweetgreen, Chipotle, and Taco Bell fell due to investor worries over a cyclospora outbreak possibly linked to lettuce. Sweetgreen's shares dropped 5.6% on the day and have fallen over 24% in the last month, despite no...
Taco Bell, part of Yum Brands, is under investigation by federal and state health officials for a possible link to a parasite outbreak that has sickened over 3,000 people in Michigan and spread to other states. Some Taco Bell locations in Detroit hav...
Pizza Hut has introduced a limited-time Throwback Value Menu featuring iconic classics like Medium 1-Topping Stuffed Crust Pizza and new items such as Triple Cheese Mac and S'mores Sticks, with prices starting as low as $3. Alongside the menu, Pizza ...
