Long John Silver’s
This seafood fast food chain has experienced bankruptcy several times. The company got its name from the novel Treasure Island by Robert Louis Stevenson and was previously owned by Yum! Brands, though it is now 80% franchise-owned. Recently, the company has restructured and purchased 76 franchised stores which were owned in Indiana with the plan to renovate and reopen these stores. The company also has a new CEO, who aims to close weak branches and refocus Long John Silver’s on a healthier menu with less fat and sodium.
Long John Silver’s
Chipotle
The Mexican-inspired fast-food chain Chipotle Mexican Grill has recently been embattled, closing down a total of 65 stores from 2018 to 2019, with more closures in 2020. This doesn’t necessarily mean bad news, though. On the contrary, the fortuitous switchover of Chipotle from dining rooms and physical locations to online deliveries in 2019 has ended up becoming a really profitable investment mid-pandemic. Its new tasty queso cheese recipe has to get some of the credit as well!
Chipotle
