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Business Restructuring

Business
Denny's Completing Planned Closures Of 150 Restaurants By Year's End Denny's Completing Planned Closures Of 150 Restaurants By Year's End
Denny's Completing Planned Closures Of 150 Restaurants By Year's End About 150 underperforming Denny's restaurants across the US will close by the end of 2025 as the iconic diner-style restaurant chain undergoes a major restructuring. The closures are coming sales have declined and the chain faces increased competition and shifting consumer habits. The restructuring is intended to streamline operations and position Denny’s for future growth. Denny’s entered into an agreement to be acquired by a group consisting of TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises in November. The transaction is expected to close in the first quarter o…

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by Joe Lombardi
News
Cold Hard Cuts: 7,500 Employees Let Go From North Jersey Company Parting Ways With Ice Cream Cold Hard Cuts: 7,500 Employees Let Go From North Jersey Company Parting Ways With Ice Cream
Unilever To Lay Off 7,500 Employees Unilever is saying goodbye to ice cream, and thousands of employees. The global consumer goods company is cutting 7,500 roles worldwide as part of its new "productivity program," the company announced Tuesday, March 19. Many say the move is a cold one, as for the first time since 1922, Unilever is leaving the ice cream business. According to a release, ice cream generated approximately $8.6 billion in 2023 for Unilever. And according to the New York Times, that's approximately 13 percent of the total revenue for the year. Unilever has owned some of the most popular ice cream brands in the…

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by Cecilia Levine
Business
North Jersey Mattress Firm Among Hundreds Shuttering After Retailer Files For Bankruptcy North Jersey Mattress Firm Among Hundreds Shuttering After Retailer Files For Bankruptcy
North Jersey Mattress Firm Among Hundreds Shuttering After Retailer Files For Bankruptcy Mattress Firm announced it will be closing more than 200 stores across the U.S. after filing for Chapter 11 bankruptcy protection on Friday. Of its nearly 3,500 U.S. stores, the Route 46 Saddle Brook location and five other New Jersey locations will shutter as early as next week as part of a business restructuring plan. Nearly 700 total stores will close within 45 to 60 days, the company said. CLICK HERE FOR THE FULL LIST OF THE NEARLY 200 CLOSURES.

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by Cecilia Levine