GZERO World with Ian Bremmer examines the state of the restaurant industry in an interview with famed restauranteur Danny Meyer, CEO of Union Square Hospitality Group & Founder of Shake Shack.
While the COVID-19 pandemic has had a devastating economic impact globally, few industries have been as hard hit as restaurants and hospitality. In the U.S. alone, losses north of $225 billion are projected over the next three months.
GZERO World with Ian Bremmer examines this story and what it means for businesses and employees alike. In a candid and detailed conversation, Meyer discusses the toll coronavirus has taken on his own business, his decision to let go 80% of his workforce (2000 employees) and the dimming prospects of survival for many restaurants in America, including some of his own.