The COVID-19 Crisis Will Likely Lead To A Massive Shakeout In The Restaurant Industry [Forbes]
JP Morgan Chase & Co. (JPM)
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Source: Forbes
The Pret A Manger store on Board Street in Reading, Berkshire, which is one of the stores to be... [+]closed by the restaurant chain who have announced that they will permanently shut 30 stores after footfall was hammered by the coronavirus lockdown. (Photo by Steve Parsons/PA Images via Getty Images)If you’re feeling a bit of whiplash trying to keep up with restaurant reopening regulations, well, that’s because the state-by-state decisions have been a bit dizzying.As states fromNew Jersey to Pennsylvania to Texas“This is extremely destructive. It is very difficult for restaurant operators right now,” said Dave Bagley, managing director with Carl Marks s, where he leads the firm’s restaurant group.A few studies have detailed the extent of this “destruction.”Recent data from Yelpone in four restaurantsMost Popular In:According to theNational Restaurant AssociationNotably, all of these predictions came before the late-June surge in coronavirus cases–and subsequent changes in reopening g
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 4/25/24 - Form 424B2
- 4/25/24 - Form 424B2
- 4/25/24 - Form 424B2
- JPM's page on the SEC website