It's hard to stay competitive in the restaurant business, no matter how well-established your brand is. In the past 10 years, some of America's biggest chains have seen their sales fall by more than 50%, and closed hundreds of locations. 24/7 Wall St. reviews the chains with the biggest declines.
A judge in Louisville, Ky., has ruled that KFC must cooperate with franchisees on advertising, but that it can nix campaigns that it believes could hurt the brand. Disagreement over whether KFC should emphasize its fried or grilled chicken sparked the dispute.
Donald Trump wants to reopen New York's famous Tavern on the Green restaurant, which had been a Central Park icon for 75 years before closing on New Year's Day in 2010. He's already brokered a deal with a union to operate the restaurant, which is where a previous potential owner got stuck.
Some pundits have decried the Groupon model as easy to emulate, and predicted fierce competition and price wars. Web industry watcher Alex Salkever used to believe that, too -- but not anymore. Here's why.
McDonald's has lost a $17,500 lawsuit from a former franchise manager in Brazil, who says he put on 65 pounds during his 12 years of working for the chain. The former employee blames the company's policy of mandatory food sampling and free employee lunches for his weight gain.
