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Josh Benn, Global Head of Consumer, Retail, Food and Restaurants at Duff & Phelps, commented on the headwinds facing the restaurant industry in The Wall Street Journal. Although overall outlook for restaurants is strong, several restaurants have filed for bankruptcy. Josh explains, "it's going to be five to 10 years for the shakeout to complete. Landlords are incentivized to make it a slow unwinding. They'll give restaurants rent reductions because it's better than having to look for a new tenant."
has been acquired by
has been acquired by Founder John Calamos and CEO John Koudounis in a take private transaction.