Chili’s focuses on value over trendiness to appeal to a wide audience, while Applebee’s revival was helped by the hit song “Fancy Like” and strong value offerings. National Restaurant Association data shows a mixed summer for restaurants, with 46% reporting higher same-store sales. CPG Restaurant Group, owner of Cheesie’s Pub & Grub and other concepts, has filed for Chapter 11 bankruptcy, joining other chains like Red Lobster and TGI Fridays in recent years. The company plans to continue operations and restructure under court supervision.
Read more at Yahoo Finance: Popular pub and bar chain files Chapter 11 bankruptcy
