This week, Landry's Inc. made a bid to acquire The Palm restaurants out of bankruptcy for $50 million. The restaurants have been in family hands for more than 90 years but declared bankruptcy in March 2019 after a court ruled that cousins of the founders descendants should be awarded $120 million in back royalties. All 21 restaurants of the brand plus three licensed locations are up for sale. Learn more about The Palm's possible owners.
It was announced this week that a restaurant in Washington D.C., Ambar, would be paying employees during renovations in order to reduce turnover. This means that owner Ivan Iricanin will be paying his employees 50%-70% of their paychecks plus gratuities for two months. Will this reduce turnover when the restaurant reopens? Find out more.
Also, the Southern California-based Japanese curry chain, Curry House shuttered all nine remaining locations Sunday night. Employees learned of the closure on Monday morning when they went to begin their shifts. What happened to the once bustling chain that began in the 1980s and had up to 30 units at one point? Twitter wants to know.
See what else was trending this week on Restaurant Hospitality.