Restaurant makeover, by ‘act of God’
Our story in this week’s magazine about the troubles in the casual dining industry may have underestimated just how worried U.S. restaurant chains are these days. Take, for instance, Brinker International, the company that owns Chili’s and On the Border. The website Footnoted.org points out a recent press release from Brinker that contains a lengthy and rather ominous disclaimer listing things that could hurt future results. It includes everything from “unfavorable publicity” and “changes in consumer taste and behavior” to “inflation” and “acts of God.” These kinds of legal disclaimers are common, as Footnoted.org points out, but this one goes to some length to cover off all the bases. Given the state of things in the restaurant biz, probably not a bad idea.
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Our story in this week’s magazine about the troubles in the casual dining industry may have underestimated just how worried U.S. restaurant chains are these days. Take, for instance, Brinker International, the company that owns Chili’s and On the Border. The website Footnoted.org points out a recent press release from Brinker that contains a lengthy and rather ominous disclaimer listing things that could hurt future results. It includes everything from “unfavorable publicity” and “changes in consumer taste and behavior” to “inflation” and “acts of God.” These kinds of legal disclaimers are common, as Footnoted.org points out, but this one goes to some length to cover off all the bases. Given the state of things in the restaurant biz, probably not a bad idea.