Silicon Valley real estate
fromFast Company
4 weeks agoHousing market shift explained-and where it's happening the fastest
Pandemic-era housing demand surged due to low rates, substantially raising home prices and unbalancing supply.
The combination of financial pressure from the pandemic, escalating operational costs, and a delayed restructuring ultimately forced owner Lauren Pears to make the incredibly hard decision to close the cafe.
When the pandemic hit, some of our restaurants adapted better... Bastille had maybe run its course. The idea of shutting down and changing the concept during that time was easier than it would have been previously.
Cici's has transformed itself post-bankruptcy by refocusing on quality and gaming options, successfully attracting customers through efficient technology and elevating the dining experience.
At that time we weren't fully thinking of ourselves as a union ... we didn't need an election to tell us that's what we were. But 2023 is when we had our union certification election and then we began bargaining the next month in May.