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The economic meltdown brought a major dilemma to most sectors of the economy. Government and some private companies keep on alleviating the dilemma through an economic recovery program that will stabilize the financial system. Believe it or not, restaurants do, even though they've been quietly ignored, unlike Wall Street. Standard & Poor, the rating agency, has singled out some franchises with financial issues. Perkins Restaurants has lost almost $10 million since 2008, and have stopped all plans for expansion. Other chains that are suffering include Sbarros, the popular pizza chain mostly in malls, and Kripsy Kreme has had trouble since 2005, and has had numerous restructurings to return to profitability. As a discretionary expense, restaurants are one of the things people cut back on, and many chains need some debt relief.

posted 2 years, 7 months ago
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