Comment by lotsofpulp
3 days ago
In my experience, the landlord catches onto the restaurant’s success and starts increasing rents and usually that means cuts in quality.
3 days ago
In my experience, the landlord catches onto the restaurant’s success and starts increasing rents and usually that means cuts in quality.
Might well be why McDonald’s is more of a real estate company than it is a food company: https://www.wallstreetsurvivor.com/mcdonalds-beyond-the-burg...
I believe this is called something like the 'Michelin Curse' but my google is not returning hits for that phrase, though the sentiment seems roughly correct [0]
[0] https://www.wsj.com/style/michelin-star-removal-giglio-resta...
Interesting; thanks.