Connect with us

Business

These restaurant chains closed locations in 2025

Published

on

These restaurant chains closed locations in 2025


As the restaurant industry endured another difficult year, many chains opted to close underperforming locations as they try to turn around their businesses.

Inflation-weary consumers have pulled back their restaurant spending, choosing to eat at home or chasing deals when they go out for a meal. While some restaurants have won over reluctant diners, the industry has largely struggled with the sales slump. Traffic to restaurants open at least a year fell every month in 2025, excluding only July, according to Black Box Intelligence.

In years past, restaurant closures have been more concentrated across casual-dining chains, which lost customers to fast-casual competitors like Chipotle. But this year, chains across the industry announced plans to shutter at least hundreds of locations.

In such a tough environment, some restaurant companies even filed for bankruptcy protection. Hooters, Pinstripes and On the Border were some of the notable names that landed in bankruptcy court this year.

Here are the chains that announced closures in 2025:

Starbucks

A Starbucks coffee cup sits on a table inside a Starbucks in New York on Dec. 2, 2025.

Spencer Platt | Getty Images News | Getty Images

In September, the coffee giant announced a $1 billion restructuring plan that included closing roughly 500 of its North American locations. The closures even extended to shuttering its upscale Reserve Roastery cafe in Seattle, the company’s hometown.

Starbucks’ announcement followed CEO Brian Niccol’s one-year anniversary at the helm of the company. Under his leadership, Starbucks is trying to reverse a sales slump in the U.S., its biggest market.

Executives plan to share more details about the turnaround at the company’s upcoming investor day in late January in New York.

Wendy’s

A Wendy’s restaurant sign in Austin, Texas, Nov. 10, 2025.

Brandon Bell | Getty Images News | Getty Images

In November, Wendy’s announced that it would undergo a strategic review of its restaurant footprint and begin closing underperforming locations that quarter. While the company did not announce a specific number of closures, interim CEO and CFO Ken Cook told analysts that the company could shutter a “mid-single digit percentage” of its U.S. restaurants shuttering, which would mean hundreds of the burger chain’s locations.

The closures are one phase of Wendy’s “Project Fresh” turnaround plan. The company has reported same-store sales declines even as rivals McDonald’s and Burger King see higher demand for their Big Macs and Whoppers.

In 2024, Wendy’s shuttered about 140 locations.

Denny’s

A view of a Denny’s restaurant in Hayward, California, Feb. 14, 2025.

Justin Sullivan | Getty Images

In February, Denny’s said it planned to close between 70 and 90 restaurants in 2025. In recent months, the diner chain’s sales sunk as customers opted to visit cheaper fast-food restaurants for breakfast. The shift in behavior led the company to shutter underperforming locations and attempt to improve the rest of its restaurant footprint.

In November, the chain announced it had sold itself for $620 million to Yadav Enterprises, TriArtisan Capital Advisors and Treville Capital Group. The deal is expected to close in the first quarter of 2026, pending regulatory approval.

Jack in the Box

Geri Lavrov | Getty Images

In April, Jack in the Box said it would close between 150 and 200 restaurants as part of its “Jack on Track” strategy to improve its financial performance. By the end of its fiscal 2025 on Sept. 28, the chain had permanently shuttered 86 restaurants.

Bahama Breeze

In May, Bahama Breeze parent company Darden Restaurants closed 15 of the chain’s locations, which represents roughly a third of its overall footprint.

Following the closures, executives decided that the Caribbean-inspired chain was not a strategic priority for Darden, so the company is exploring strategic alternatives for the brand. Options include selling the chain outright or converting its restaurants into other Darden brands, like Olive Garden. Darden expects to make a decision on Bahama Breeze by the end of its fiscal 2026, which concludes in May.

Hardee’s

Dozens of Hardee’s locations will close by end of the year after the franchisor sued ARC Burger, one of its largest franchisees. Hardee’s alleges that the operator fell behind on payments like royalties, rent and taxes.

ARC, which is owned by private equity firm High Bluff Capital Partners, operated 77 Hardee’s restaurants before the legal battle began. Its footprint stretched across eight states, including Alabama, Florida, Georgia, Illinois, Missouri, Montana, South Carolina and Wyoming, according to legal filings.

Papa John’s

The Papa John’s Pizza logo is shown in Austin, Texas, May 9, 2024.

Brandon Bell | Getty Images

In the first three quarters of 2025, Papa John’s shuttered 173 restaurants worldwide, according to company filings. Most of the closures affected international locations, although 62 of the pizza chain’s U.S. locations also closed.

Despite the closures, Papa John’s still had nearly 6,000 restaurants in operation at the end of September.

Noodles & Co.

Michael Siluk | UCG | Universal Images Group | Getty Images

At the end of October, Noodles & Co. had closed 29 company-owned restaurants this year, and executives said that they planned to shutter another two to five underperforming locations by the end of 2025.

In 2024, the fast-casual chain closed 20 locations.

By the end of 2026, Noodles & Co. is planning to close another 12 to 17 stores, as it aims to improve the company’s financial performance and boost sales at the chain’s nearby locations.

Outback Steakhouse

An Outback Steakhouse restaurant in Daly City, California, Jan. 31, 2025.

Justin Sullivan | Getty Images

In October, restaurant company Bloomin’ Brands closed 21 locations across the company. The closures hit Outback Steakhouse, the gem of its portfolio, as well as Bonefish Grill and Carrabba’s Italian Grill.

Bloomin’ has identified nearly two dozen other restaurants that will not renew their leases when they expire over the next four years, executives said in November when sharing the company’s quarterly earnings. At the same time, the company announced a $75 million turnaround plan to improve Bloomin’ sales and its overall financial health.



Source link

Business

The two farms in Senegal that supply many of the UK’s vegetables

Published

on

The two farms in Senegal that supply many of the UK’s vegetables


Between January and March, if you browse the fresh produce aisles of the UK’s biggest food retailers, including Tesco, Sainsbury’s, Asda, Aldi and Lidl, you’re likely to see spring onions, radishes, green beans, chillis, butternut squash, and cobs of corn, all labelled Produce of Senegal.



Source link

Continue Reading

Business

FDA chief warns U.S. is losing ground to China in early drug development, calls for faster trial approvals

Published

on

FDA chief warns U.S. is losing ground to China in early drug development, calls for faster trial approvals


Food and Drug Administration Commissioner Marty Makary warned that the U.S. is falling behind China in early-stage drug development and called for reforms that could streamline the process for starting trials on new treatments. 

In an interview with CNBC on Wednesday, Makary specifically pointed to three bottlenecks that he said cause the U.S. to fall behind on those early drug trials. 

These include hospital contracting as well as ethical reviews and approvals, both of which he called “clunky processes that take too long and are leaving us noncompetitive with the countries that are moving a lot faster.” He also pointed to the process for submitting and receiving approvals for Investigational New Drug, or IND, applications, which companies submit to test a product in humans. 

“We walked into a mess,” Makary said, referring to how behind China the U.S. was in terms of Phase 1 clinical trials conducted in 2024. 

Food and Drug Administration Commissioner Marty Makary speaks in the Oval Office at the White House on Jan. 29, 2026.

Samuel Corum | Getty Images

He said the FDA is “looking at everything,” such as whether it can partner with health systems and academic medical centers on the pre-IND process. That refers to when companies consult the FDA before formally filing an application. 

Makary said the Trump administration should “partner with industry to help them deliver more cures and meaningful treatments for the American public because that is a common bipartisan goal that we all want. And we’re going to get it done in this administration.”

China’s biotech ecosystem has flourished over the last several years, driven by massive state investment, a vast talent pool and accelerated regulatory reforms. Once known for being a low-cost manufacturing base that pumps out copycats, China is rapidly evolving into a global innovation powerhouse. 

Data from Global Data and Morgan Stanley shows that China now conducts more clinical trials than the U.S., accounts for nearly a third of new global drug approvals and is on pace to reach 35% of FDA approvals by 2040. 

U.S. policymakers have been under pressure to take steps to boost innovation domestically. 



Source link

Continue Reading

Business

PSX roars back with 5,700-point rally | The Express Tribune

Published

on

PSX roars back with 5,700-point rally | The Express Tribune


Trade volumes fell to 175 million shares compared with Monday’s tally of 181 million. PHOTO: FILE


KARACHI:

The Pakistan Stock Exchange (PSX) delivered a powerful performance on Wednesday as it staged a strong comeback, driven by heavy buying in banking and fertiliser stocks amid strong corporate earnings.

The benchmark KSE-100 index surged 5,702.68 points, or 3.29%, and settled at 178,853.10. It touched the intra-day high of 178,974 and low of 174,329, reflecting heightened volatility.

The rally was primarily led by major banking and fertiliser stocks as investors responded positively to encouraging earnings announcements. Institutional participation and renewed investor confidence helped push the market sharply higher after recent hefty losses.

KTrade Securities wrote in its market wrap that the PSX staged a strong comeback as the KSE-100 index closed at 178,853, gaining 5,703 points. The rebound came after consecutive weak sessions, driven by settlement transition concerns, margin pressure and political noise. With some of those pressures easing, the market witnessed aggressive covering of positions and renewed buying interest, it said.

The recovery was broad-based, led by banks and fertiliser firms, while strong corporate earnings further supported sentiment. Notably, Habib Bank announced impressive results along with a dividend of Rs6 per share, boosting confidence across the banking space alongside other major names.

Overall sentiment has turned constructive after the sharp pullback. If stability continues and corporate results remain supportive, this rebound could sustain in the near term. However, sustainability will depend on liquidity flows and clarity on the broader political and macro environment, KTrade added.

Topline Securities noted that the KSE-100 index posted a gain of 5,703 points, reflecting recovery in the market. The index moved within a band, touching intra-day high of 178,974 and low of 174,329. Support from heavyweights such as United Bank, Habib Bank, Meezan Bank, National Bank and MCB Bank underpinned the market’s performance, adding 2,699 points. In contrast, Pakistan Oilfields, Pioneer Cement and Adamjee Insurance weighed on the index, trimming 163 points, it said.

JS Global analyst Muhammad Hasan Ather commented that the KSE-100 staged a massive recovery as the index surged 5,703 points. The bullish reversal erased nearly all losses from the prior four sessions.

The rally was triggered by the State Bank reporting a $121 million current account surplus for January and anticipation of a federal relief package for the construction sector. While banking and energy stocks led the charge, the outlook remains cautiously optimistic. Further gains hinge on sustained macroeconomic stability and the rollout of industrial policy support, Ather said.

Arif Habib Limited (AHL) reported that stocks experienced a solid bounce following a 10% drawdown with a 3.3% gain day-on-day. Some 91 shares rose while seven fell with United Bank (+7.41%), Habib Bank (+10%) and Meezan Bank (+5.9%) contributing the most to index gains. In contrast, Pioneer Cement (-9.51%), Pakistan Oilfields (-1.01%) and Adamjee Insurance (-2.81%) were the biggest index drags.

HBL announced CY25 earnings per share of Rs48.48, up 14% year-on-year, and dividend of Rs20. Earnings were in line and the payout – the highest-ever – was above expectations. The sharp rally brings 180k back into focus for the remaining week, AHL added.

Overall trading volumes decreased to 698 million shares compared with Tuesday’s tally of 716 million. The value of traded stocks stood at Rs50 billion.

Shares of 484 companies were traded. Of these, 334 stocks closed higher, 103 fell and 47 remained unchanged.

K-Electric continued to lead the volumes chart with trading in 117 million shares, rising Rs0.57 to close at Rs8.39. It was followed by The Bank of Punjab with 71.1 million shares, gaining Rs1.66 to close at Rs35.78 and Pakistan Petroleum with 27.6 million shares, higher by Rs1.92 to close at Rs236.86. Foreign investors sold shares worth Rs2.3 billion, the National Clearing Company reported.



Source link

Continue Reading

Trending