A nearly 50-year-old California winery is fighting to avoid a rare foreclosure after years of financial setbacks. After surviving a devastating wildfire and spending more than $30 million to rebuild, the Napa Valley business could now lose its property to its lender. $37 million debt puts winery at risk Signorello Estate, a family-owned Napa Valley winery founded in 1977, owes about $37 million to agricultural lender [...]
Costco revives popular food court treat after fans begged for its return
Costco shoppers have another reason to make a trip to the warehouse this month. The retailer is bringing back a popular food court item that disappeared from menus, giving fans a chance to enjoy the treat again for a limited time. Costco's churro is making a comeback Costco is bringing its churro back to food courts at warehouses across the United States, according to information shared during the company's latest [...]
Wendy’s closes 4 Florida restaurants as bankrupt franchisee begins major shutdown
Wendy’s customers in Florida are finding fewer locations to choose from as a troubled franchise operator begins shutting down restaurants. Four Florida restaurants have already closed as part of a larger shutdown involving Wendy’s locations across several states. Four Florida restaurants have closed The closures are tied to Meritage Hospitality Group, a major Wendy’s franchisee that recently filed for Chapter 11 [...]
Major beverage company to eliminate 558 jobs in Georgia as shutdown nears
Hundreds of Georgia workers are facing the loss of their jobs as a major beverage distributor prepares to shut down its operations in the state. The company’s financial troubles have now reached a critical point, with layoffs expected to begin later this month. 558 jobs are expected to disappear Republic National Distributing Company, one of the country’s largest wholesale alcohol distributors, is winding down its [...]
Popular burger chain makes major financial move after selling more than 100 restaurants
A major burger chain is making another big change as it works to recover from financial struggles. The move comes shortly after the company sold more than 100 of its restaurants to franchise operators. Red Robin secures new financing Red Robin Gourmet Burgers has secured a new $115 million financing agreement, giving the chain additional money to work with as it continues its turnaround. The new agreement includes a [...]
Major beverage company shuts down 60-year-old Maryland plant, cutting 143 jobs
A major beverage company has shut down operations at a longtime Maryland facility, ending more than six decades of production and leaving 143 workers without jobs. PepsiCo has ended manufacturing and warehouse operations at its Pepsi Bottling Group facility in Cheverly, Maryland. The layoffs took effect September 14 and affected workers in fleet, transportation, manufacturing, production, warehouse operations, and other [...]
