In 2024, the restaurant industry faced a challenging year with closures of underperforming locations as chains sought to improve sales. Consumer spending on dining out decreased due to inflation, leading to a decline in overall restaurant visits and a surge in bankruptcies, with 26 restaurant companies filing for Chapter 11 protection. Casual-dining chains, in particular, struggled to attract customers as fast-casual chains gained popularity, impacting the industry’s landscape significantly.
Full Article
Von der Leyen botches €2tn EU budget proposal with chaotic infighting
Ursula von der Leyen's proposed €2tn budget for the EU (2028-2034) has faced significant internal dissent within the European Commission, highlighting her ultra-centralized decision-making style. Despite her concessions to address concerns, including new taxes and funding allocations, the chaotic negotiations raise fears about future discussions with EU member states, as many remain dissatisfied with the process. Explain It To Me Like I'm 5: Ursula von der Leyen's plan for a huge EU budget has caused...
Read more