Restaurant Chain Closes Stores in Costa Rica

The TGI Friday's chain decided to close its store located in the Oxygen Human Playground shopping center, in the province of Heredia, for a 90-day period.

Monday, March 23, 2020

"As you know, the food and beverage sector has been highly impacted, which is why we have taken the measure to suspend operations at our Friday's Oxygen store," explained a statement issued on March 21 by the company.

See "Food and Beverage: How Will Coronavirus Impact?"

The document published on the company's social networks adds that "... In Escazú, at the moment, we will continue operating in special hours from Monday to Sunday from 12 md to 8 pm, taking all the precautions and strictly following the guidelines and health recommendations of both the franchise and the Government."

Coronavirus: How do the outlook for food companies in Costa Rica change?

We prepared for our clients the report "Information System: Impact Analysis of Covid-19 on Business" which helps companies to measure the impact that the crisis will have on their activity in the coming months.

More on this topic

Restaurants: Another Closing in Costa Rica

February 2020

Tony Roma's decided to close its operations in the country as of January 17, adding to the recent restaurant closures that have been reported in recent months.

According to signs placed at Tony Roma's restaurant in San Rafael de Escazu, the closure is due to a remodeling, however, according to letters given to the former workers, the reason for the dismissal is because of the closure of the business in the country.

Restaurants: Another Closing in Costa Rica

February 2020

The Hooters chain announced that since February 3rd it closed definitively the establishment that was in Moravia, arguing that the sales levels required to be sustainable were not reached.

An official statement details that the closure was made because of " particular circumstances of the area (Moravia) that have occurred during the last year."

Restaurants: Chain Closes Operations in Costa Rica

January 2020

Arguing that there were problems of profitability, the Applebee's chain decided to close the three service centers it was operating in the country.

The restaurant franchise was operated in Costa Rica by the company Dine Equity, and the premises that were closed were located in Terrazas de Lindora, San Pedro and Cariari.

Costa Rica: Fast Food Franchises Closing Operations

January 2015

Citing unprofitability the investment group owner of the US franchise Wendy's has announced the closure of its operations in the country.

From a statement issued by Comidas Rápidas Wentica S.A. (Wendy's Costa Rica):

Comidas Rápidas Wentica S.A., operator of the restaurant chain Wendy's Costa Rica, under the principle of responsibly to shareholders, has decided to close its 10 stores in the country permanently, citing reduced the chain's profitability, due to the fact that Costa Rica is the third country in the world in terms of the number of restaurants per square kilometer.

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