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The Lost Cajun Spice Company—created in 2016 to coordinate the sale and distribution of goods to the restaurants—also declared bankruptcy. In October 2016, The Lost Cajun had …
The brand now known as Beatnic, formerly By Chloe, at long last resolved ongoing legal disputes, emerged from bankruptcy and fully rebranded throughout the …
Bankruptcy filings show that Punch Bowl has liabilities of between $10 million and $50 million, CNBC reports. Related video: 8,400 …
Its downfall started in 1998 because new owners totally revamped the menu and redecorated the restaurant interiors. This alienated its older yet loyal clientele. The owners tried to restore the original décor …
Sizzler, which is one of the country's first casual restaurant chains, filed for Chapter 11 bankruptcy protection in September last year. The 62-year-old company filed …
HopCat, which declared bankruptcy in June (citing COVID-related restaurant closures) was purchased just four months later. Congruent Investment Partners and Main Street Capital acquired all of …
The restaurant bankruptcy mill has been churning at a brisk pace during the COVID-19 crisis, ... In other words, restaurants had options as their business ecosystem navigated a new crisis together.
Steak and Ale was sold several times and went bankrupt in 2008. Legendary Restaurant Brands, the current owner, promised a comeback in 2016. We’re waiting. 11. Beefsteak Charlie’s. Daniel Zotter / …
The coronavirus pandemic has devastated the restaurant industry. By mid-April of 2020, an estimated 30,000 American restaurants had closed for good and more than 110,000 were expected to shutter...
Sizzler USA: The restaurant chain, which was one of the country’s first casual restaurant chains, filed for bankruptcy because of Covid-19 lockdowns that forced it to …
That said, the past 12 months have been a huge period for corporate restaurant bankruptcies. According to a Restaurant Business tally, 34 restaurant chains …
NPC International, one of the largest franchisees of Pizza Hut and Wendy’s, declared bankruptcy, as did IHOP franchisee CFRA Holdings, Applebee’s franchisee …
Owned by Bloomin' Brands, Carrabba's Italian Grill was founded in 1986 in Houston, Texas. The family-style Italian restaurant chain gained popularity and opened …
Papa Gino’s/D’Angelo Grilled Sandwiches Just this week, the Boston-area company that owns these two chains filed for debt protection and reached a sale …
The COVID-19 pandemic has done irrevocable harm to the restaurant industry. According to a Sept. 2020 report from the National Restaurant Association, just …
The coronavirus pandemic has devastated the restaurant industry. By mid-April of 2020, an estimated 30,000 American restaurants had closed for good and more …
Sizzler, a steak and seafood chain, filed for bankruptcy protection in September. The company said the action was a "direct result of the financial impact the …
Le Pain Quotidien. Le Pain Quotidien agreed to sell its U.S. assets to restaurant operator Aurify Brands for $3 million through a Chapter 11 bankruptcy proceeding. Aurify Brands …
Types of Bankruptcy. When a restaurant files for bankruptcy, the owner (or owners) must choose between filing under Chapter 7, Chapter 11, or Chapter 13. Those …
The National Restaurant Association estimates the industry lost $120 billion in sales during the first three months of the coronavirus outbreak, with tens of thousands …
The following restaurant chains have gone bankrupt or are in a bankruptcy process between 2020 and mid-2021. Many, as a result of the pandemic, will have to liquidate their assets …
FoodFirst Global Restaurants, the parent company of the Brio Italian Mediterranean and Bravo Fresh Italian restaurant chains, filed for Chapter 11 bankruptcy …
Some restaurant groups, however, didn’t receive the attention or funding to rebuild post-pandemic. Mr. Bing, a New York-based bing chain, closed all units and …
New data from Coresight Research reveals American retailers have announced 8,400 closures this year. Some businesses that filed for bankruptcy included …
In recent months and years, the restaurant industry has seen its share of bankruptcies, including, but not limited to, filings from Bertucci’s, Logan’s Roadhouse, Real Mex …
Ruby Tuesday Inc., California Pizza Kitchen Inc. and Friendly’s Restaurants LLC are among the chains that filed for bankruptcy last year as Covid-19 spread.
The parent company of six beloved buffet restaurants has just filed for bankruptcy. On April 20, Fresh Acquisitions, LLC filed for Chapter 11 bankruptcy …
While bankruptcy isn’t something many of us love talking about, for those in the restaurant industry, it’s important to have some understanding in your back pocket. Tom Ice and …
Business |The 30 retailers and restaurant chains that filed for bankruptcy in 2020. Business |. Papyrus closed all of its stores this year. (Smith Collection/Gado/Getty …
The National Restaurant Association estimates it lost $165 billion in sales between March and July, and Yelp data showed 15,770 permanent restaurant closures, …
PQ New York had an estimated $100 million to $500 million in liabilities when it filed for bankruptcy. New York-based restaurant operator Aurify Brands bought all 98 …
Parent companies of Souplantation, Chuck E. Cheese, and California Pizza Kitchen have been forced to file for bankruptcy in recent months. Franchisees for major …
Sep 1, 2020. Haddad Restaurant Group, which launched in 1992, plans to fully liquidate and seeks court approval to dismiss its Chapter 11 bankruptcy case and …
Several dining chains that have filed for bankruptcy protection in 2020 have found buyers as retailers linger or liquidate A location of Le Pain Quotidien in Arlington, …
But thanks to the Small Business Reorganization Act of 2019, Chapter 11 bankruptcy protection is now available to a broader range of businesses. Because this …
Video. New York Gov. Andrew Cuomo lowered the boom on Friday, again, by rolling back indoor dining. Already nearly 100,000 restaurants, about 1 in 6, have had to …
FILE - This Oct. 5, 2011 file photo shows a sign displayed on the door at Friendly's restaurant in Brunswick, Maine. Friendly's Restaurant, an East Coast restaurant …
Marilou Halvorsen, president of the New Jersey Restaurant & Hospitality Association, predicted in March that 10 percent of the state’s 25,000 full-service …
Yujin Kim/Retail Dive. The following post will continue to be updated to reflect the current major retailers that have filed for bankruptcy protection in 2020. Last year …
Bankrupt restaurant owner CraftWorks fires nearly 18,000 workers. The company behind the Logan’s Roadhouse and Old Chicago restaurant chains has …
2. Chi-Chi’s. 1. Lums. 10. Twitty Burger. Conway Twitty would also open Twitty City, another restaurant with other attractions. This would also meet its end. Starting off …
DaDong — the flashy Beijing-based roast duck import that fell flat in NYC and declared bankruptcy after two years — is attempting a mid-pandemic comeback in the …
Guitar Center. Founded: 1959 (as The Organ Center) Filed for bankruptcy: Nov. 21, 2020 The country’s biggest retailer of musical instruments filed for Chapter 11 …
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ABA filed for Chapter 11 bankruptcy in the Eastern District of New York on Aug. 3. It estimated liabilities of $10 million to $50 million in court documents. Galiciapoke
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