Applebees Is Closing Dozens Of Restaurants To Save On Costs Applebee's Abruptly Closes Popular Restaurant's Doors After More Than
Red lobster abruptly shuttered more than 50 of its u.s. Applebee's execs had initially forecast between 10 and 20 net closures for the year, per restaurant business. Applebee's originally announced plan to shut down 10 stores in the us this year.
Applebee's to close dozens more restaurants than expected in 2023
But tony moralejo, applebee's president, has since warned in a. In a bid to grapple with mounting challenges, the popular international chain, applebee’s, finds itself facing unexpected closures in 2023. Chief financial officer, vance chang, said in a recent earnings call that the brand intends to close up to 35 restaurants as part of a “new development strategy.” president of.
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