Kevin O’Leary explains why restaurants are shuttering across America — and why more will follow From Red Lobster declaring bankruptcy to Applebee’s shuttering dozens of locations this year — big American restaurant chains are getting gobbled by inflation and declining foot traffic since the COVID-19 pandemic, says “Shark Tank” star Kevin O’Leary. “The U.S. restaurant […]
Tag: shuttering
Musk steps in to stem Tesla’s stock bleeding on report that it’s shuttering a long-planned $25,000 EV
Tesla stock fell as much as 6% on Friday, some $32 billion, after Reuters reported that Elon Musk’s EV maker was shelving a yearslong plan to produce an affordable electric car. Citing three anonymous insiders and internal company messages, the outlet reported that Tesla was abandoning production of a planned $25,000 EV and focusing on […]
Economics, not the beer led to R. Shea Brewing shuttering its Akron operations
The proverbial “Last Call” for a popular Akron brewery will be March 3. But truth be told the end of the line for R. Shea Brewing in Akron’s Merriman Valley and Canal Place came months ago. The smell of beer and the fermenting process still lingers in the air inside R. Shea’s cavernous manufacturing facility […]