This week on Nation's Restaurant News the top story was Boston Market owner Jay Pandya files for bankruptcy. Boston Market owner Jay Pandya — who faces hundreds of lawsuits from vendors, franchisors, and employees regarding unpaid bills — filed for personal bankruptcy on Dec. 8 with the Eastern District of Pennsylvania Bankruptcy Court. Pandya cited $10-$50 million in liabilities and the same range for assets in his bankruptcy paperwork.
In other news, McDonald’s is working to streamline its ‘fragmented’ digital experience and moving everything to a consistent global platform through its 'Digitizing the Arches' initiative.“McDonald’s size and scale gives us competitive advantages that no one else can match. In our rapidly evolving industry, I believe the benefits of scale will become even more pronounced,” he said, calling digital and technology “inherently a scale game.” “McDonald’s scale means we can build capabilities at a pace and cost no one in the industry can match.”
Also, despite reports of trade down activity across the casual dining segment, it seems people still really want to eat at Olive Garden and LongHorn Steakhouse. The two chains drove much of Darden Restaurants’ second quarter results, reported Friday morning. Those results broken out included same-store sales growth of 4.1% at Olive Garden and 4.9% same-store sales growth for LongHorn.
See what else was trending on NRN.com this week.
