There is a written article on the closures here:
https://www.inquirer.com/food/restaurants/ocf-coffee-closes-ori-feibush-union-barista-20240610.html
The absolute ignorance of the employees of economics and finance is amazing.
“Simpson said the workers involved in OCF’s union campaign had considered this potential outcome but had not thought it was likely.
“There was some talk of shutting down but we genuinely believed that our connections with the community, especially in Fairmount, are so strong that he wouldn’t do it — we’re where people get their drinks and their lunch and have meetings every single day,” Simpson said. “I just think it’s really reflective of how little Ori actually cares about the community to shut down these locations.””
[snip]
“Reached by phone Monday, Feibush said OCF’s shops had always been subsidized financially by both OCF Realty, his development company, and by Feibush personally. The cafe chain’s post-pandemic contraction from six locations to three had helped stem the losses. More changes were in the works. As the leases for stores at 20th and Federal Streets and 18th and South Streets came due this summer (while Feibush manages those properties, he does not own the buildings), he had planned to consolidate those locations to a single shop on Washington Avenue. The Fairmount Avenue shop’s lease was set to expire in a couple of years.”
They just learned the best economic lesson ever.
They never considered that their product and therefore their jobs were not essential to the public, or the owner. ........................