'Shark Tank's' Kevin O'Leary Explains Why Restaurants Are Closing in America, Warns It's Only the Beginning

‘Shark Tank’s’ Kevin O’Leary Explains Why Restaurants Are Closing in America, Warns It’s Only the Beginning

Despite the end of the COVID-19 pandemic two years ago and the Biden administration’s baseless brags regarding the economy, restaurants have been shutting down in staggering numbers.

Fast-casual restaurants in particular have borne the brunt of this sagging market.

Red Lobster recently declared bankruptcy, Cracker Barrel saw its market shares tank, and many other restaurants have been closing locations by the score.

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Though many factors could be blamed for this — the increase in working from home depriving lunch spots of customers, or the takeout boom from the pandemic encouraging more customers to stay home — Kevin O’Leary shared his perspective Tuesday in an Op-Ed for the U.K.’s Daily Mail.

According to the “Shark Tank” star, while the aforementioned pandemic-related changes played a significant role,

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