In the vast and ever-changing United State economy, certain indicators help us predict what lies ahead. From the fluctuations of the stock market to the quarterly reports of major corporations, these economic barometers help us gauge the health and movement of our nation's financial well-being. However, a warning sign occasionally forces us to take a step back and reassess our assumptions. This time, the ominous signal is coming from an unlikely place.
Going out to eat has long been a beloved pastime for Americans. Dining out is an integral part of our culture and social lives, whether we are grabbing a quick bite during a busy workday, celebrating a special occasion at an upscale restaurant, or meeting up with friends for drinks and appetizers. However, the once-thriving restaurant industry is now facing a crisis that threatens its very existence. As the cost of living continues to skyrocket and consumers tighten their belts, restaurants across the nation are closing their doors at an alarming rate.
A lawyer representing Red Lobster’s Canadian operations says he will ask an Ontario court to recognize and enforce the restaurant chain’s Chapter 11 bankruptcy in the U.S.In an email to The Canadian Press, Linc Rogers says he will bring an application to the Ontario Superior Court of Justice on...
Retailers are the lifeblood of consumer culture, providing everything from daily necessities to the latest fashion trends. However, the retail sector is ever-changing, and not all stores can keep up with the rapid pace of this growth. In 2024, several well-known retailers are struggling to stay afloat due to online competition, poor financial decisions, and shifts in consumer behavior. These 15 stores are having a tough time and might even go out of business this year.
Enzo is the CEO of Lugen Family Office, CEO of Medici Family Office, a best selling author, and a social entrepreneur. Enzo is the most trusted Consigliere to several UHNW families and a sought after speaker.
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