Danny Meyer describes the impact of pandemic shutdowns on restaurants
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.