The top story on NRN.com this week was the sudden closure of about 25 KFC restaurants in Illinois, Indiana and Wisconsin, all of which were owned by franchisee EYM Chicken.
Meanwhile, more CEOs have been appointed to lead major restaurant chains: Damola Adamolekun will become chief executive officer of Red Lobster when it is sold to an affiliate of Fortress Capital, and Mike Spanos has been named CEO of Bloomin' Brands, parent company of Outback Steakhouse, to succeed David Deno, who announced his retirement in May.
It's not all doom and gloom for the industry: CAVA was an exception in an otherwise dismal second-quarter earnings season, signaling it had found a valuable sweet spot for consumers, and Chick-fil-A launched its long-awaited elevated drive-thru prototype.
Click through the gallery to see these stories and more, including Canadian franchises expanding into U.S. malls, the end of the 80/20 rule, and the latest bankruptcy filing.