At eastphoenixau.com, we have collected a variety of information about restaurants, cafes, eateries, catering, etc. On the links below you can find all the data about Restaurant Chain Bankruptcies you are interested in.
Like other buffet restaurants, Golden Corral was hit hard by the pandemic. The chain's largest franchisee went bankrupt in 2020 and closed down several locations. Its second …
At the time of bankruptcy filing, the restaurant chain had $33 million in secured debt (from ten lenders). Sizzler USA Sizzler, which is one of the country's first casual restaurant...
The coronavirus pandemic has devastated the restaurant industry. By mid-April of 2020, an estimated 30,000 American restaurants had closed …
Reorganizing the business. The restaurant industry was forever changed …
A beloved diner and ice cream shop with an 85-year history, Friendly’s filed for bankruptcy in the late fall of 2020. The company announced that they would be able to keep most of their 130 locations open while under …
Jul 01, 2020
Rubio's, the Mexican fast-casual chain with locations in California, Arizona, and Nevada, filed for Chapter 11 bankruptcy protection on October 26. It had permanently closed more than 20...
2. IHOP Flickr IHOP itself isn’t closing, but a franchisee, CFRA Holdings, is most likely going to shut down dozens of locations. According to National Restaurant News, “A franchisee that operated 49 IHOP locations in the Southeast has …
For context, NRN reported on nine bankruptcies in all of 2019. Krystal, Bar Louie, Village Inn and Cosi all filed for Chapter 11 bankruptcy protection before the coronavirus pandemic took hold...
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 temporarily close...
Restaurants are struggling to stay afloat amid the coronavirus pandemic. Parent companies of Souplantation, Chuck E. Cheese, and California Pizza Kitchen have been forced …
This year, the industry saw a slower pace of filings, which included the Ignite Restaurant Group Inc, which had more than 100 Joe’s Crab Shack restaurants, and the …
Casual-dining chains and large franchisees saw the largest number of bankruptcies this year during the COVID pandemic Long-term indoor dining closures …
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 …
Some restaurant groups, however, didn’t receive the attention or funding to rebuild post-pandemic. Mr. Bing’s, a New York-based bing chain, closed all units and divested all …
Restaurant bankruptcies are multiplying in 2020 and several chains filed for chapter 11 or debt protection across all segments: from quick-service restaurants Krystal Burger (declared …
Outback Steakhouse parent Bloomin' Brands. This chain, whose famous Bloomin' Onion item shares a first name with the restaurant’s parent company, faces a 13.2% chance of …
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 Images) Sur …
— Garbanzo Mediterranean Fresh: a Centennial, Colorado-based chain with four company-owned restaurants and 21 franchised locations, filed for Chapter 11 bankruptcy on …
The chain's largest franchisee went bankrupt in 2020 and closed down several locations. Its second-largest, Platinum Corral, was not far behind, declaring bankruptcy in mid …
Real Mex Restaurants. The owner of Mexican chains El Torito and Chevy’s Fresh Mex filed for its second bankruptcy in August. The company was sold out of bankruptcy court …
Chuck E. Cheese's parent company filed for Chapter 11 bankruptcy in late June, citing the prolonged venue closures stemming from the pandemic for its financial troubles. The …
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 COVID-19 …
According to a Restaurant Business tally, 34 restaurant chains or large-scale franchisees sought out bankruptcy protection since the pandemic began a year ago. That was …
Several chains have declared bankruptcy two or three times, leading him to say, “It’s not their first rodeo.”. Having reduced their debt, many chains bounce back. Bennett says chains recover …
It should be noted that pre-COVID, restaurant chain Chapter 11 or 7 bankruptcy filings were on the rise despite a strong economy. In 2019 alone, companies seeking …
The chain’s largest franchisee went bankrupt in 2020 and closed several stores. Its second largest, Platinum Corral, was not far behind, declaring bankruptcy in mid-April 2021. At …
eight Restaurant Chain Bankruptcies One to Shook a inside the 2021 — Consume Which Not that Shortly after plaguing the brand new bistro world to own a lot of 2020, …
February. Pier 1 Imports: The home goods retailer filed for bankruptcy, following years of decline because of online competition and big-box chains.Pier 1, which once had more …
Wage increases in Seattle, San Francisco and Portland boosted the company’s wage expenses by a total of $10.6 million through its fiscal year end 2019, Bagley said. …
Garden Fresh Restaurants filed for Chapter 7 bankruptcy on May 14, 2020 and will shut down all 97 stores and liquidate their business. Garden Fresh was a self-service chain known for its 50 …
A boy walks past the Friendly's restaurant in Foxborough, Mass., Wednesday, Oct. 5, 2011. The parent of the Massachusetts-based Friendly's restaurant chain filed for Chapter …
Restaurants Unlimited, a Seattle-based chain with restaurant locations in 47 US cities, announced on Sunday it was seeking Chapter 11 protection, citing “progressive” wage …
Even in pre-COVID 2020, at least five restaurant chains filed for bankruptcy protection. The fact that COVID-19 wasn’t even on the radar two weeks before the wave of …
The restaurant bankruptcy mill has been churning at a brisk pace during the COVID-19 crisis, pulling legacy chains like Chuck E. Cheese’s and Sizzler USA into its wake.
The coronavirus pandemic has wreaked havoc on businesses of all types, but few establishments have suffered more than restaurants. In the early days of the COVID-19 …
Some chains have already set their bankruptcy plans in motion. Garden Fresh Restaurants filed for Chapter 7 bankruptcy on May 14, 2020 and will shut down all 97 stores …
According to Restaurant Business, the April 20 Chapter 11 filing marks the fifth time the chains have filed for bankruptcy. In June, Fresh Acquisitions' former owner, FMP …
May 4, 2020. Some U.S. restaurant chains have filed for bankruptcy, and many other U.S. restaurant seafood chains have been forced to temporarily close their doors due to …
Chuck E. Cheese’s parent company filed for Chapter 11 bankruptcy in late June, citing the prolonged venue closures stemming from the pandemic for its financial troubles. The …
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 temporarily close its restaurants' …
The COVID-19 pandemic and extended shutdowns across the state have caused many popular restaurant chains to file for bankruptcy in San Diego. Friendly’s, an East Coast …
Chains such as McDonald's ()Chipotle Mexican Grill ()and Starbucks ()continue to grow. But even so, a number of restaurant operators have filed for Chapter 11 bankruptcy …
While Cadence did not identify the restaurant, Stephens Inc. analysts suggested in a note to clients that the borrower could be Perkins & Marie Callender's, which filed for …
May 4, 2020 — Some U.S. restaurant chains have filed for bankruptcy, and many other U.S. restaurant seafood chains have been forced to temporarily close their doors due to the …
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