Main | Monday, August 18, 2008

Ingredients Costs Bankrupting Eateries

Mrs. Field's has filed for bankruptcy because the cost of flour and milk has gotten too high. The company's 500 cookie stores and hundreds of TCBY Yogurt franchises will continue to operate while a plan is developed to pay creditors. Many other restaurant groups are struggling, you may recall that casual dining chains Bennigan's and Steak & Ale abruptly closed their doors last month. Pizzaria Uno is on the ropes too.

RELATED: Candy maker Hershey just announced that they will be raising prices rather than shrinking the product, a more common tactic of consumables manufacturers.


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