10 Restaurant Chains Closing Locations In 2024 US

return2ozma@lemmy.world to News@lemmy.world – 72 points –
10 Restaurant Chains Closing Locations In 2024
eatthis.com
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damned Millenials killing off overpriced, exploitative, mediocre restaurant chains …

Really. Like we’re supposed to care about the company run by another shell company, whose second shell company put the first company into this mess in the first place?

If you drastically hike up prices during a pandemic to make a profit, and follow up with never lowering them back down again, you’re gonna have a bad time.

don’t forget the wonderful combination of private equity and asset-stripping (what killed Red Lobster)

Americans need to realize the vulture capitalists are coming for their generational wealth and social security. As they continue to load up debt then leave the country.

What's funny is, I can't eat safely (allergies) at so many of these large scale chain restaurants, but the little shops by me do an incredible job. Not only do they have alternates, use separate cookware, etc, but it's also just better food.

That doesn't work for capitalism at scale, where they are eternally chasing profits by minimizing costs over everything else.

Side benefit for me is I get to support local business when I take my kids out. Just did that Friday with a small restaurant and a small batch ice cream shop, where I had a mojito + mint sorbet.

That doesn’t work for capitalism at scale, where they are eternally chasing profits by minimizing costs over everything else.

Everytime I watch one of those capitalist BJ shows (e.g. shark's tank, Gordon Ramsey's next food star, basically anything on CNBC, etc.), which I do far too often, and they ask the chum in the water whether or not the business can scale I think about how they're really asking whether or not the product can eventually be made terribly enough to net them a new mega yacht.