COVID-19 has undoubtedly impacted the restaurant industry. Many iconic chains have been forced to close their underperforming locations. Huge franchisees of these chains have also reorganized under Chapter 11. But there is still hope. With reduced competition, bidding wars and increased merger-and-acquisition activity of restaurant chains have developed
The Editors and Staff of The Temple 10-Q recognize that trying to stay abreast of COVID-19 analysis is like trying to sip water from a firehose: you can do it, but it is messy and not very efficient. In an effort to make this daunting task more manageable—and to provide an ongoing resource for business
While it may seem justified for businesses facing increased costs in these trying COVID-19 pandemic times to add “COVID surcharges” to ensure they can keep their doors open, businesses and their corporate counsel should be aware that such surcharges can raise serious competition concerns and need to be carefully navigated.
COVID-19 is the new virus this country has been preparing to take on for decades – and has, so far, failed miserably to stop. While peer countries have managed to get it under control, the United States faces rising cases and deaths. This has been, first and foremost, a failure of leadership and the implementation of an effective response.