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On Wednesday, an unknown number of previously approved Restaurant Revitalization Fund applicants received rejection letters.
Some recently rescinded applicants received the promised funds in their bank accounts the next day, while others were told that their application is now being completely rejected.
Leader will stay on until casual-dining restaurant chain finds a replacement.
Plus, a look at the overall economic health of the restaurant industry.
Cornog also is the chairman of the chain, which was purchased in April by its former senior secured lender, CrowdOut Capital.
The transaction is expected to be concluded near the end of July.
Plus innovation at Bartaco, Carl’s Jr. and Hardee’s, Golden Chick, The Habit Burger Grill, Papa Murphy’s, Popeyes Louisiana Kitchen, Qdoba Mexican Eats, Roy Rogers Restaurants, Smashburger, Velvet Taco, Voodoo Doughnut and Wow Wow Hawaiian Lemonade.
Fat Brands announces imminent acquisition of Global Franchise Group for $442.5 million.
Some off-premises programs will fade away, but other new strategies are taking hold.
The purchase from Panera Bread includes $60 million in assets and was finalized June 29.
