{"id":1781,"date":"2020-09-18T10:00:40","date_gmt":"2020-09-18T07:00:40","guid":{"rendered":"https:\/\/ludci.eu\/magazine\/?p=1781"},"modified":"2020-09-14T16:53:53","modified_gmt":"2020-09-14T13:53:53","slug":"the-restaurant-industry-takes-a-serious-hit-will-it-ever-recover","status":"publish","type":"post","link":"https:\/\/ludci.eu\/magazine\/the-restaurant-industry-takes-a-serious-hit-will-it-ever-recover\/","title":{"rendered":"The restaurant Industry takes a serious hit \u2013 will it ever recover?"},"content":{"rendered":"
\n
\n

Headline Diplomat eJournal: Issue 1
\nThe perilous lenses of COVID-19: The impact on the economy
\nTayo Williams, Journalist, Headline Diplomat, LUDCI.eu
\nCOVID-19 needs no introduction. It has disrupted our lives in a dramatic fashion. Lockdown measures all over the world have severely disrupted every business fibre of the economy. It has redefined the way we live and work and ushered in what is now being termed \u201cthe new normal\u201d.<\/p>\n

In the US, restaurants employ over 13 million people, and contribute $1 trillion. Independent restaurants are the backbone of many communities around the world. BankruptcyData indicates that the restaurant industry had the highest bankruptcy number. Around the World, many of the most successful businesses have sustained fatal blows from the lockdown measures, resulting in severe unemployment and eventually impoverished populace.<\/p>\n

Starting with the big names \u2013 unexpected bankruptcies have been filed. The operator of Pizza Hut and Wendy\u2019s has filed for Chapter 11 bankruptcy protection following closures of their locations due to the pandemic. NPC international - the largest franchisee of Pizza Hut restaurant in the U.S. with more than 1,225 Pizza Hut loc...<\/p>\n <\/div>\n

\n

To read the whole article, please subscribe here<\/a>.<\/p>\n <\/div>\n