Restaurant Chains That Are Closing Branches In 2020

Published on 06/04/2020
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Village Inn

The American casual chain Village Inn has headquarters in Nashville and it was established in 1959 by Merton Anderson and James Mola. American Blue Ribbon Holdings owns the chain, which has 212 restaurants so far. It first opened in Denver and was a pancake house before it moved to a southern location. In the early 1960s, it became a franchise and its first franchises opened in Tampa, Florida. In 1982, the business began publicly trading as VICORP Restaurants, Inc.

Village Inn

Village Inn

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Pie Five Pizza

On NASDAQ, Pie Five Pizza trades as RAVE. It was established in June 2011 and now more than one hundred locations, with its headquarters in Texas. It is a subsidiary of Pizza Inn, and it specializes in baking a personal pizza within five minutes. PFP has continued to be expanded throughout the country by its owner, the Rave Restaurant Group. After a lawsuit over profits and sales, Pie Five announced that it would close down nine restaurants. It is still continuing to franchise restaurants, but the nine-restaurant closure was not insignificant.

Pie Five Pizza

Pie Five Pizza

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