Restaurant Chains That Are Closing Branches In 2020

Published on 06/04/2020
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Papa Murphy’s Pizza

The pizza company Papa Murphy’s Pizza is a “take and bake” and was established in Washington in 1995, after two companies were combined – Papa Aldo’s and Murphy’s. It has grown and now has 1,300 outlets in America and Canada. Papa Murphy’s Pizza is particularly popular on the West Coast, which makes it one of the five largest pizza chain in the US. However, it has still gone through some financial crises and was first bought by Lee Equity in New York. Four years later, it underwent an IPO. It began nationwide advertising in 2017, and it is now focusing on increasing revenue by shutting down unprofitable stores.

Papa Murphy’s Pizza

Papa Murphy’s Pizza

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Tim Hortons

This quick-service restaurant business operates 4,848 stores worldwide, with its headquarters in Toronto. Tim Horton’s Inc. is the biggest fast-food joint in Canada and was established by Canadian hockey player Tim Horton and Jim Charade, his business partner, in Hamilton, Ontario in 1964. Their original venture was hamburger restaurants, but they made the switch to coffee and donuts. The franchise ended up becoming a multi-billion-dollar enterprise, though it has recently closed down stores which were underperforming. Four Tim Horton stores located in Dayton, Ohio have been most recently closed abruptly.

Tim Hortons

Tim Hortons

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