Economists say famous fast-food chains struggle with elderly customers’ frugal spending habits and face competition from delivery platforms
The two companies were considered resilient players during previous downturns caused by global financial meltdowns in 1997 and 2008 and two health crises – the 2003 outbreak of severe acute respiratory syndrome (Sars) and the Covid-19 pandemic in 2020.
But Cafe de Coral, founded in 1968, and Fairwood, established in 1972, are arguably facing their biggest challenge in more than half a century.
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