The merger brings Dunkin’ and Baskin-Robbins into Inspire’s existing portfolio of Arby’s, Buffalo Wild Wings, Sonic Drive-In, Jimmy John’s and Rusty Taco.
The massive economic hit from COVID-19 has forced scores of U.S. companies into bankruptcy. Here are some with the most significant potential repercussions for commercial real estate.
A dissenting creditor group, led by Aurelius Capital Management, submitted a proposal to buy the chain’s real estate.
The chain is considering available options to manage its debt load, including bankruptcy.
Krazy Hog BBQ in Chicago, closed since March, reboots under DoorDash’s Reopen for Delivery initiative; the delivery operator is matching shuttered restaurants with ghost kitchen operators
That might still not be enough to save many smaller operators.
The company plans to close about 350 Gap and Banana Republic stores in North America by the end of 2023.