National Restaurant Association Applauds Trump Tax Bill for Boosting Industry Jobs and Growth

President Donald Trump’s One Big, Beautiful Bill features tax policies that will assist the restaurant and foodservice industry, the National Restaurant Association said.

The group stated that the bill will enable restaurant owners and operators nationwide to “create jobs, invest in their business, and provide certainty for their local economies.”

“The restaurant industry is a powerful economic engine – generating over $1.4 trillion in annual economic activity and employing more than 15 million people nationwide,” said Michelle Korsmo, President & CEO of the National Restaurant Association...

TD Bank Survey: Restaurant Industry Anticipates Bright 2025 with Tech and M&A at the Forefront

A survey conducted by TD Bank at the 2024 Restaurant Finance and Development Conference indicated that optimism has returned to the restaurant franchise industry after years of challenges.

The TD Bank poll collected insights from 175 restaurant operators and finance professionals as they look ahead to 2025. Alongside the optimistic outlook, TD Bank noted that the adoption of digital and mobile ordering, menu creativity and higher expectations around AI were also key findings from the survey...

Red Lobster Bankruptcy: Latest Court Docs Reveal New $3.7 Million Claim From Thai Union

According to recent court documents filed by Thai Union in Red Lobster’s chapter 11 bankruptcy case, the seafood restaurant chain owes them approximately $3.7 million.

Red Lobster voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the US. Bankruptcy Court for the Middle District of Florida this past May. The news came shortly after the chain abruptly closed a staggering amount of restaurants and engaged in a public liquidation of select restaurants. 

Since filing for bankruptcy, Red Lobster has...