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FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

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JPMorgan Firm Now Barred by Regulator for Illegal Trading
Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
Margin Call Forces Citadel Rival Into $15 Billion Loss
Home Sales Fall To A New Record Low
More US Consumers Are Beginning to Cut Retail Spending
Beloved Grocery Store Ice Cream Company Now Files Unexpected Bankruptcy
Fed Report: Auto Loan and Mortgage Delinquencies Soar Amongst Americans
Home/Banking News/A Popular Restaurant in Texas Now Makes An Unexpected Closure
Market News Today - A Popular Restaurant in Texas Now Makes An Unexpected Closure

A Popular Restaurant in Texas Now Makes An Unexpected Closure

By Frank Nez
May 30, 2024
2

A popular restaurant in Texas now makes an unexpected closure stating they look forward to a ‘brighter future’ with a ‘vision to relocate’.

The Rustic, a popular restaurant, bar and music venue at The Rim on the Northwest Side, has closed.

A note posted outside The Rustic stated the restaurant is “looking towards a bright future” and “has a vision to relocate”.

The letter cited ongoing construction on Interstate 10 and Loop 1604 interchange as one of the factors for closing.

The letter adds that owners are “exploring new opportunities to bring The Rustic’s authentic experience to an even more accessible and vibrant location.

We appreciate your support and understanding as we transition to this exciting new chapter.”

MySA first reported the news.

On Wednesday, the San Antonio location was removed from The Rustic’s website, and a phone call to the restaurant went to an automated message that said the call could not connect.

KSAT has reached out to The Rustic and its parent company, Free Range Concepts, but has not heard back.

Additionally, the restaurant was listed as “permanently closed” on Google.

The Rustic’s locations in Dallas and Houston were still open when contacted by KSAT on Wednesday.

Social media posts touting “Summer Fridays” and the “Legendary Rustic ‘Rita” were posted by The Rustic San Antonio just this week.

In the “Summer Fridays” post, the restaurant said the summer series was slated to start June 7 and continue every Friday throughout the season.

Some of the comments included “Rumor is you’re closing permanently today? True? @therusticsa” and “Are y’all closed ?? Nooo please don’t leave the rim, that was my favorite spot 😭😭”.

This is a developing story.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

Market News Today - A Popular Restaurant in Texas Now Makes An Unexpected Closure.
Market News Today – A Popular Restaurant in Texas Now Makes An Unexpected Closure.

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

Also Read: Retirees Will Now Receive More Money For Social Security

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Market News Today - A Popular Restaurant in Texas Now Makes An Unexpected Closure.
Market News Today – A Popular Restaurant in Texas Now Makes An Unexpected Closure.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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  1. Frank Nez says:
    May 30, 2024 at 7:41 pm

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  2. Frank Nez says:
    May 30, 2024 at 7:41 pm

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