Tag: Restaurant Closing

An Unexpected Restaurant Chain Now Closes All Locations

An unexpected restaurant chain now closes all locations after only two years in business when a famous comedian opened its doors.

Hart House, the vegan fast-food chain founded by comedian Kevin Hart, has officially closed all its locations just two years after opening.

The four Southern California restaurants shut their doors for the last time on Tuesday, as confirmed by CEO Andy Hooper in a statement to Eater LA.

Hooper expressed gratitude for the support received, stating, “The response to the product has been incredible, and we thank our committed team, our customers, and our community partners for helping make the change we all craved.”

The chain also shared a farewell message on its Instagram, featuring the words “thank you” over an image of a vegan chicken burger, and stating, “A Hartfelt goodbye for now as we start a new chapter.”

When Hart House launched in August 2022, it aimed to promote a vegan lifestyle, inspired by Hart’s own shift to a mostly plant-based diet in 2020.

The fast-food brand offered a variety of items, including chicken sandwiches, nuggets, and burgers, all priced under $8, with combo meals available for less than $15.

The flagship location opened in May 2023 at the busy intersection of Hollywood Boulevard and Highland Avenue, strategically positioned near popular fast-food chains like Chick-fil-A and In-N-Out.

Hooper noted the significance of this location, highlighting the drive-thru feature that Hart House hoped to replicate in future stores.

Despite the enthusiasm surrounding its mission, Hart House has now ceased operations, marking the end of a brief but ambitious venture in the fast-food landscape.

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Also Read: A Struggling Gas Station Chain Now Files An Unexpected Bankruptcy

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Market News Today - An Unexpected Restaurant Chain Now Closes All Locations.
Market News Today – An Unexpected Restaurant Chain Now Closes All Locations.

A massive rental company with 34k locations now shuts down its operations after filing for bankruptcy and 22 years in business.

Users of movie rental company Redbox were left saddened after it was announced that it would be shutting down operations.

The announcement comes after the rental company’s parent company, Chicken Soup for the Soul Entertainment, filed for Chapter 11 bankruptcy.

According to court documents obtained by the Washington Post, the Connecticut-based company claimed to be one billion dollars in debt.

As a result, Redbox, which was a staple of many grocery stores including Walgreens, and CVS will be shuttered.

Many fans took to social media to express how upset they were with the loss.

“I knew it was coming, sadly,” UltraVada wrote in a post on X, formerly Twitter.

“It was inevitable,” a second person mourned.

“I knew this would happen when I heard they filed for Bankruptcy but its still sad to hear. I have a lot of fun memories of Redbox,” a third person lamented.

“I still don’t think this will be or ever be the end of physical media as we do still get remasters of some movies in 4k/Bluray.”

One person revealed that they had forgotten the rental service had existed.

Some users were not surprised by the announcement.

“Not surprised since nobody really rents videos anymore with the rise of streaming and what not,” one user admitted.

“Also kinda remember getting into a feud with them on here.”

One user also pointed out that the last remaining Blockbuster, located in Bend, Oregon, managed to outlive Redbox.

Redbox was acquired by Chicken Soup for the Soul Entertainment (CSSE) in 2022 and became one of the company’s flagship video-on-demand streaming services.

At its peak, CSSE operated more than 20,000 DVD rental kiosks across the country.

The company’s filing means that the company’s more than 1,000 employees will be laid off, per The Wall Street Journal.

It was also reported by Deadline that many employees at CSSE hadn’t received their paychecks and had medical benefits cut in late June.

Also Read: This Massive Mall Retailer Is Now Closing In California

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Market News Today - An Unexpected Restaurant Chain Now Closes All Locations.
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KFC Has Now Begun To Close Restaurants in The Midwest

KFC has now begun to close restaurants in the Midwest, at least two dozen according to local media reports.

EYM Chicken, has shut down a total of 25 KFC locations in the Midwest.

The closures were first reported by WMBD, a television station in Peoria, Illinois, with other local outlets confirming the reports through photographs of the closed restaurants.

Nation’s Restaurant News noted that roughly 25 KFC locations were affected.

In a separate report, Restaurant Dive verified that the locations were not processing online orders and that calls to several of the reportedly closed stores went unanswered.

When KFC submitted its franchise disclosure document in March, EYM Chicken was listed as owning a total of 47 stores at the end of 2023, suggesting that these recent closures likely impacted a significant portion of its operations.

EYM Group has faced significant challenges in recent years.

The operator has been involved in legal disputes with KFC’s parent company, Yum Brands, concerning the performance of EYM’s Pizza Hut locations.

EYM has accused Yum Brands of lagging behind competitors in technology and practices, and the pizza division subsequently filed for bankruptcy after closing several units in the Midwest.

Last year, EYM’s Burger King subsidiary, EYM King, shut down numerous locations and is currently being sued by Armada Oil and Gas for allegedly failing to pay rent and violating a lease.

The restaurant industry has seen a wave of bankruptcies among operators and brands since early 2023, beginning with Toms King, which operates 90 Burger King units, filing for Chapter 11.

Earlier this summer, a 48-unit Subway franchisee and a major Arby’s operator also sought bankruptcy protection.

KFC has not provided any comments regarding the closures of EYM Chicken’s stores.

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

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Restaurant Closing News Today - KFC Has Now Begun To Close Restaurants in The Midwest.
Restaurant Closing News Today – KFC Has Now Begun To Close Restaurants in The Midwest.

A beloved grocery chain now confirms unexpected closures across the Northeast taking place by the end of the year.

Grocery chain Stop & Shop has announced that a total of 32 underperforming locations will shutter in the U.S.

The company said the select stores across the Northeast will be closed before the end of the year.

Stores in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island will close by November 2.

In May, the company announced the coming store closures.

“Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” company president Gordon Reid said, per a July 12 press release.

The company’s president added that the closures were essential “to create a healthy base for the future growth of our brand.”

Fortunately, employees will be offered other positions within the company, according to a press release.

The grocery outlet first opened in 2014 and currently has around 400 stores and 60,000 employees, per Fox affiliate KRLD.

Stop & Shop is owned by Ahold Delhaize which also owns Food Lion, Giant Food, and Hannaford.

Which grocery stores are closing?

In New Jersey, 10 locations will close, while only seven will close in New York.

Rhode Island will see two closures and Massachusetts, the home of the first location, will be closing eight.

Five stores will also be closing in Connecticut.

As other chains such as Walmart and Amazon join the grocery business, it has pushed traditional grocery stores out of view, reports The-Sun.

Stop & Shop hopes the closure of underperforming stores will create “future growth” for the company.

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

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Restaurant Closing News Today - KFC Has Now Begun To Close Restaurants in The Midwest.
Restaurant Closing News Today – KFC Has Now Begun To Close Restaurants in The Midwest.

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