News & Analysis as of

Financial Distress Restaurant Industry

Greenberg Glusker LLP

Vegan Chain Planta Seeks Relief Through Reorganization

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The recent Chapter 11 bankruptcy filing by Planta, a well-known vegan restaurant chain, reflects the mounting financial challenges facing the restaurant sector, particularly for specialty and plant-based establishments. While...more

Fox Rothschild LLP

Franchise Times Dealmakers Predict Cloudy Forecast for Franchise M&A in 2025

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Last month, Franchise Times held its annual “Dealmakers Week” where it offers a series of webinars with top franchise dealmakers to discuss the year’s biggest franchise deals and industry trends. The week included a...more

Arnall Golden Gregory LLP

Restructuring Roundup - August 2024

AGG’s Restructuring Roundup newsletter is a monthly update of legal issues and news affecting or related to commercial litigation and bankruptcy. The newsletter is a curation of published articles and news, and contains...more

Proskauer Rose LLP

A Seat at the Table: Restaurants to Receive Long-Awaited Stimulus Funds under the American Rescue Plan: Affiliation Overview

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[co-author: Perry Laub] The restaurant industry has been among the hardest hit by the COVID-19 pandemic. The National Restaurant Association reported in its 2021 State of the Restaurant Industry that, as of December 1,...more

Rumberger | Kirk

Restaurant Revitalization Grant Offers Relief to Restaurants and Bars: Opens May 3

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It is no secret that the restaurant industry has been one of the harder-hits of the COVID-19 pandemic. With government shutdowns, limits on hours, restricted operations, and social distancing requirements,...more

Burr & Forman

SBA Releases New Guidance for the Restaurant Revitalization Fund’s Application Process

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Background - On March 11, 2021, President Joe Biden signed his $1.9 trillion COVID-19 relief package, known as the American Rescue Plan (the “ARP”), into law. ...more

McCarter & English, LLP

SBA’s Guidance On The $28.6 Billion Restaurant Revitalization Grant Program

This week the Small Business Administration (SBA) provided guidance on how the $28.6 billion Restaurant Revitalization Fund will work. The Restaurant Revitalization Fund provides for qualified restaurants and other food...more

Lowndes

SBA Partners with POS Providers to Help Restaurants Apply for RRF Grants

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The Small Business Association (SBA) announced earlier today that Clover, NCR Corporation, Square and Toast will be among the official first round of technology partners for the RRF grant application....more

Lowndes

SBA Announces New Application Details and Guidelines for the $28.6-billion Restaurant Revitalization Fund

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On Saturday, April 17, 2021, the Small Business Administration (SBA) provided an update for the Restaurant Revitalization Fund (RRF) grant application....more

McCarter & English, LLP

SBA to Provide $28.6 Billion In Grants For Restaurants And Bars

The $1.9 trillion stimulus package, known as the American Rescue Package (the “Rescue Package”), enacted on March 11, 2021, established a $28.6 billion Restaurant Revitalization Fund (“Restaurant Fund”) for restaurants and...more

Lowndes

Restaurant Revitalization Fund Provides Hope to the Food and Beverage Industry—But Applicants Will Need to Act Fast

Lowndes on

When the American Rescue Plan Act of 2021 (H.R. 1319, the “ARP”) became public law on March 11, 2021, it was the first time since the COVID-19 pandemic began that relief for the restaurant industry was specifically addressed....more

Polsinelli

Restaurants Revitalization Fund to Provide $28.6 Billion in Relief for Restaurant Operators

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Last week, Congress passed the American Rescue Plan Act of 2021 (“ARP Act”), a $1.9 trillion COVID-19 relief bill which includes grant moneys for eligible restaurant operators as part of the Restaurants Revitalization Fund...more

Ervin Cohen & Jessup LLP

California Passes Pandemic Relief Measures Aimed at Supporting Business

On February 23, 2021, California Governor Gavin Newsom signed a legislative package of six bills providing relief to individuals and businesses experiencing hardship due to the COVID-19 pandemic. Some of these measures are...more

Holland & Knight LLP

Massachusetts Court: Café's Rent Excused by COVID Orders That Frustrated Lease's Sole Purpose

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The COVID-19 pandemic has strained commercial landlord-tenant relationships across the United States. As the courts wade their way through the backlog of lawsuits filed in 2020, there are a growing number of decisions...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, October 2020 # 5

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In Washington: After halting coronavirus stimulus negotiations on Tuesday afternoon, President Donald Trump hours later signaled he would support specific coronavirus relief measures on stimulus checks, help for the...more

Rumberger | Kirk

Surviving a Rough Patch

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During the current pandemic, people and companies have choices as to how they will respond. These responses will run the gamut of emotions and practices. For some, willful ignorance and a refusal to change will be the path...more

Greenberg Glusker LLP

Strategies for Restaurant Owners to Survive in the New Normal

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As cities reopen around the nation, restaurants continue to face numerous issues with their day-to-day operations. Restaurant owners are pivoting and adapting as quickly as possible, however, each day brings new challenges....more

Greenberg Glusker LLP

[Webinar] Strategies for Restaurant Owners to Survive in the New Normal - June 17th, 10:00 am - 11:15 am PDT

Greenberg Glusker LLP on

As cities reopen around the nation, restaurants continue to face numerous issues with their day-to-day operations. Restaurant owners are pivoting and adapting as quickly as possible, however, each day brings new challenges....more

White & Case LLP

Global retail M&A volume drops to lowest total since 2009

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COVID-19 has put dealmaking in the already disrupted retail industry under further strain. Some retailers, however, have proven resilient and those that survive will see opportunity to vertically integrate supply chains and...more

White & Case LLP

Cracks show in retail as debt burden begins to bite

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Retailers faced a difficult financing market before COVID-19 appeared, but lockdowns have made the situation even tougher. High yield and leveraged loan values for retailers in North America and Western and Southern Europe...more

Orrick, Herrington & Sutcliffe LLP

NYC Council Approves Legislation to Aid Small Retail Businesses Affected by COVID 19 Pandemic

Certain guarantors of restaurant, retail, and other commercial leases in New York City may soon be off the hook for tenant defaults occurring during the COVID-19 pandemic, thanks to a bill recently passed by the New York City...more

Spilman Thomas & Battle, PLLC

The Impending Seismic Shift for Distressed Small Businesses?

As we all know by now, much of our day-to-day lives have been upended by the COVID-19 pandemic. We are being told by everyone everywhere - the CDC, the President, governors, mayors, public health officials - we need to...more

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