This is the latest blow to the struggling casual dining industry
of restaurant customers in the 35-to-54 age range who are the most likely to dine out often. That number is down from 41% in 2007.
Younger diners tend to earn less and have more student loan debt, while older ones are retiring and tend to have less disposable income. Houlihan’s was acquired in 2015 by private equity firm York Capital Management and Mike Archer, a former president of TGI Friday’s and Applebees (which have
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