#restaurant-industry
Subway falls below 20,000 US locations for the first time in two decades
Subway, one of America's most recognized fast food franchises, has seen its number of US locations drop below 20,000 for the first time in over 20 years. In 2024 alone, the chain shuttered 631 restaurants, reducing its US footprint to 19,502 outlets. This marks the eighth consecutive year that Subway has scaled back its presence in its home country. Despite this consistent decline, Subway still holds the distinction of being the largest restaurant chain in the United States by number of loca
Subway falls below 20,000 US locations for the first time in two decades
Subway, one of America's most recognized fast food franchises, has seen its number of US locations drop below 20,000 for the first time in over 20 years. In 2024 alone, the chain shuttered 631 restaurants, reducing its US footprint to 19,502 outlets. This marks the eighth consecutive year that Subway has scaled back its presence in its home country. Despite this consistent decline, Subway still holds the distinction of being the largest restaurant chain in the United States by number of loca
Hooters Files for Bankruptcy in Texas to Restructure $601 Million Debt
Renowned American restaurant chain Hooters of America has filed for bankruptcy protection in Texas as part of a major restructuring effort aimed at addressing its mounting debt of $US376 million (approximately $601 million AUD). The company announced that it will transfer ownership of its company-operated restaurant locations to a group backed by the original founders of the brand, with the aim of strengthening its financial future. Despite the bankruptcy filing, Hooters has confirmed that it
Hooters Files for Bankruptcy in Texas to Restructure $601 Million Debt
Renowned American restaurant chain Hooters of America has filed for bankruptcy protection in Texas as part of a major restructuring effort aimed at addressing its mounting debt of $US376 million (approximately $601 million AUD). The company announced that it will transfer ownership of its company-operated restaurant locations to a group backed by the original founders of the brand, with the aim of strengthening its financial future. Despite the bankruptcy filing, Hooters has confirmed that it









