According to Bloomberg, over a dozen large restaurants and franchisees have filed for bankruptcy from January through October this year—the highest number since 2020, per BankruptcyData. Rising labor costs, supply chain disruptions, and higher interest expenses are driving up restaurant prices, dampening consumer demand for dining out. Chains generating $20M+ annually are filing at their fastest pace since the pandemic began, signaling a challenging year ahead for the industry. https://lnkd.in/e7CAHijy
