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Nation's Restaurant News
All the restaurant chains that announced mass unit closures in 2020
Holly Petre Dec 21, 2020

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Fiesta Restaurant Group closed 19 Taco Cabana units

The shuttered stores represented more than 10% of brand.

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Village Inn-Bakers Square parent closed 33 units

American Blue Ribbon Holdings said it arranged for $20 million in financing from its majority equity owner, Cannae Holdings.

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Logan’s Roadhouse, Gordon Biersch, Rock Bottom parent, Craftworks Holdings, closed 37 restaurants and filed for bankruptcy

Asset sale included 261 restaurants; 77 franchise locations not part of Chapter 11 filing.

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Ruth’s Chris Steak House

Ruth’s Chris Steak House closed 23 restaurants in late March.

Steak ‘n Shake

Steak ‘n Shake permanently closed 57 units during the first quarter of 2020.

Specialty’s Cafe & Bakery

Specialty’s Café & Bakery closed its more than 50 units in May.

IHOP franchisee CFRA Holdings closed 49 restaurants in North Carolina, South Carolina, Tennessee and Virginia

The operator filed for Chapter 11 bankruptcy protection.

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Denny’s

Denny’s franchisee Feast American Diners closed 15 restaurants in New York in May.

Punch Bowl Social closed two locations in the wake of Cracker Barrel’s divestment

Then-Punch Bowl Social CEO Robert Thompson said “all options have to be on the table” when asked if they were looking into partnering with a new majority investor or selling the company.

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Starbucks

In June, Starbucks said it was planning to close 400 U.S. stores over the following months to make room for pickup and mobile-focused stores.

Luby’s

Luby’s said in July it had closed three Fuddruckers and 13 cafeterias so far in its fiscal year. In September, the company’s last Cheeseburger in Paradise unit closed as well.

Le Pain Quotidien

All 98 units of Le Pain Quotidien closed during the pandemic, but the brand’s new parent Aurify planned to reopen 35 locations.

Dunkin’

Dunkin’ in July said that it would close up to 1,150 underperforming restaurants in 2020.

Pret A Manger

Pret A Manger said in July it would permanently close 17 restaurants in Boston and Chicago, as well as 30 units in the U.K.

Potbelly

Potbelly said in August it had closed 16 units, but halved its number of potential shutterings. 

Last Cheeseburger in Paradise unit closed permanently in Secaucus, N.J.

Parent Luby’s Inc., which also owns Fuddruckers, was in the process of liquidating assets.

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Pizza Hut closed 672 units

Parent company Yum Brands said nearly half of the closures came from franchisee NPC International filing Chapter 11 bankruptcy.

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Ruby Tuesday

Ruby Tuesday said it would permanently close 185 stores when it filed for Chapter 11 bankruptcy in October.

RockSugar

RockSugar parent Cheesecake Factory said in October that all units would close by the end of the year.

Starbucks

Starbucks said in October it would close another 100 U.S. stores.

Sizzler USA

Sizzler USA permanently closed six restaurants between the onset of the pandemic and September.

VitaNova Brands

Buffets parent VitaNova closed four restaurants, including units of HomeTown Buffet, Ryan’s and Old Country Buffet in October.

IHOP

Dine Brands Global said in October that up to 100 underperforming IHOP units could lose in the following six months, with 15 Applebee’s restaurants closing permanently in the fourth quarter of 2020.

Matchbox

Matchbox Food Group LLC closed three units as it emerged from bankruptcy in November.

Red Robin

Red Robin permanently closed five restaurants in its third quarter.

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