A bankruptcy court in Illinois has held that a governor’s shut-down order, combined with a force majeure provision in a restaurant’s lease, partially excused the restaurant’s obligation to pay rent.* The case is significant because it provides commercial tenants a basis to seek relief from rental payments due to COVID-19. Governor’s Executive Orders as Force . . .
Up to this point, many restaurants have been able to survive due to PPP funds, concessions from landlords, interest-only payments from banks and generous terms from suppliers. However, for many time has run out. It is always hard to know when you’ve reached this point. Is it because you are out of funding or you . . .
In the current challenging business environment, some restaurants are struggling to survive while others are flourishing. How do we account for this dichotomy? MMB’s Dennis Monroe joins Jonathan Maze of Restaurant Business in “A Deeper Dive” podcast to discuss the uneven recovery in the restaurant industry and other related issues. Dennis explains how some restaurant . . .
