Bankrupt Krystal Is Being Sold To One Of Its Lenders

A bankruptcy court has approved the sale of the burger chain to Fortress Investment Group.

 

Starbucks Is Asking Landlords For A Year’s Worth Of Rent Breaks

The chain is renegotiating rents after its sales plummeted in recent weeks during the pandemic shutdown.

 
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Half Of Starbucks’ U.s. Locations Are Closed

The company said same-store sales fell as much as 70% in the last week of March as the coronavirus shutdown took hold.

 

Krystal Shakes Up Its Leadership Team

The burger chain has named Tim Ward president and Bruce Vermilyea CFO, while CEO Paul Macaluso leaves.

 
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