Restaurant Chains That Are Closing Branches In 2020

Published on 06/04/2020
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Bob Evans

Bob Evans Restaurants took off after it was founded by Bob Evans in 1953, and by 1957, it needed to open four sausage factories to keep up with the demand. The holding company for the plants and the restaurants was Bob Evans Farms. The restaurants are known for the farm-to-table appeal and red-and-white décor that they have. The company has closed down some branches and the workers who were unable to relocate to another store were offered termination benefits. It has shut down several dozen stores each year to increase profits, which has affected hundreds of restaurant workers.

Bob Evans

Bob Evans

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Joe’s Crab Shack

This seafood chain was founded in Houston, Texas and has locations all over America, specifically in the south, where it is more conducive to have the beach theme. It has gone through multiple sales, having been purchased by J.H. Whitney & Co. for $192 million in 2006. Joe’s Crab Shack was in debt for $225 million, which was assumed by J.H. In 2017, J.H. filed for bankruptcy and Joe’s Crab Shacks was bought by Landry’s, Inc., which has closed down and is planning to shut down dozens of locations. However, Landry’s, Inc. does not plan to close all Joe’s Crab Shacks, but it aims to revamp and reintroduce the chain instead.

Joe’s Crab Shack

Joe’s Crab Shack

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