Golden Corral
This all-you-can-eat buffet and grill was founded in 1973 and currently has 42 locations in the U.S. However, facing hard times during the COVID-19 pandemic, Gold Corral was forced to close 35 of its locations and furlough 2,290 employees. CEO Lance Trenary said, "It is truly an emotional and challenging time for our country. The realities of the current situation have forced us to make difficult decisions."
Friendly's
Founded in 1935, Friendly's generally dominates the Eastern seaboard. It was established in the midst of the Great Depression—which might lead you to believe it can survive anything. The company has declared bankruptcy before and intends to close all stores that have underperformed in 2020.
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