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Ruby Tuesday: Anothercasual dining chain blamed the pandemic for its bankruptcy. Ruby Tuesday said it’s using the process to reduce its debt and operate as normally as possible. The privately held chain has closed roughly 200 locations within the past few years, with about 300 remaining globally. See more
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 …
An early victim of the effects of COVID-19, bakery, sandwich, and pastry chain Le Pain Quotidien filed for bankruptcy in May of 2020. This was …
For many restaurant chains, though, the pandemic was costly. COVID-19 disrupted every industry, yes, but dining, in particular, took a definite hit. By mid-2020, a slew of fan …
Sizzler — an ‘80s restaurant icon known for its affordable all-you-can-eat buffets — filed for bankruptcy in late September, blaming closed restaurants due to the pandemic. The company said...
FoodFirst Restaurants. Bankruptcy date: April 10. Assets: $307 million. Restaurant(s): Brio Tuscan Grill, Bravo Italian Kitchen
Casual-dining chains and large franchisees saw the largest number of bankruptcies this year during the COVID pandemic Long-term indoor dining closures devastated the casual-dining industry in 2020,...
Many buffet restaurants, unable to adjust their businesses to the new reality, decided to temporarily close until they could operate safely. Others closed their doors for good. …
This past summer, famous "eatertainment" restaurant chain outlet Chuck E. Cheese broke the chain restaurant bankruptcy dam when it filed for Chapter 11 protection. With more than 600 locations, it was the largest …
Early in the year, 10 of the restaurants closed, according to reports. Later, as states required restaurants to close off their dining rooms, 71 more locations were shut down — leaving just 21 still operating. The company …
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...
Restaurant Bankruptcy Rates Outpace Other Industries. A sobering stat: the restaurant industry has been the sector with the most bankruptcies in the last three months, with 12% of U.S. …
The parent company of buffet-style restaurants Souplantation and Sweet Tomatoes filed for Chapter 7 bankruptcy in May and closed all of its locations permanently. Garden Fresh …
A bulk of restaurant bankruptcies occurred in 2020, but there were a handful that trickled into the next year. Here are six companies that have been forced to file petitions so far in 2021. 2 of 7 …
Among independent restaurants, we saw declarations of bankruptcy from Stephen Starr, Maison Kayser, BarFly and more. Some of the following brands were already in trouble …
A huge number of restaurant companies declared bankruptcy over the past year as the pandemic wiped out a huge amount of sales for a large swath of the industry. But it …
Ten years ago, Joe's Crab Shack used to have nearly 140 locations across the country. Today they barely have 60 spots left. They're facing a $16.6 million loss and had to file …
It doesn’t include the more than 90 franchised restaurants. Sizzler is hoping to renegotiate leases and restructure debt and then emerge after about 120 days. CEO Chris Perkins said in a press …
Those included on this list either solitarily went under, or were merged by another chain after it was determined that bankruptcy was inevitable. Table of Contents 10. Twitty …
Applebee’s second-largest franchisee, which operated 163 restaurants in 15 states, filed for credit protection in May and blamed the brand’s poor overall performance for …
Other restaurant chains filing for bankruptcy protection include Souplantation, Sweet Tomatoes, Brio Italian Mediterranean, Le Pain Quotidien, California Pizza Kitchen and …
The last of the bankrupt restaurants closed in 2006. Texan Family Restaurant. A Mid-Michigan Favorite. The gun touting baby-faced cowboy with a 10-gallon western-style hat …
30 retailers, restaurant chains that filed for bankruptcy in 2020. From JCPenney to Ruby Tuesday, 2020 was a brutal year for restaurants and stores. Monday, December 14, 2020.
The owners of chains like Outback Steakhouse, Applebee’s and The Cheesecake Factory are on a newly updated list of national restaurants that are facing the highest …
The survey polled 1,200 restaurants in all 50 states, with 33% of respondents hailing from the Western region, 27% from the South, 22% from the Northeast, and 18% from …
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 62-year-old steakhouse restaurant is just the latest casualty of COVID-19, filing voluntary bankruptcy in mid-September. Sizzler has about 90 franchised restaurants …
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 Restaurants, fast …
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 Andrew …
Among independent restaurants, we saw declarations of bankruptcy from Stephen Starr, Maison Kayser, BarFly and more. Some of these brands were already in trouble before …
According to the company's bankruptcy filing, prior to COVID, Fresh Acquisitions operated approximately 90 restaurants in 27 states. As of the bankruptcy filing date, that …
The parent company of six beloved buffet restaurants has just filed for bankruptcy. On April 20, Fresh Acquisitions, LLC filed for Chapter 11 bankruptcy protection in Dallas, Texas. …
Restaurants are struggling to stay afloat amid the coronavirus pandemic. Parent companies of Souplantation, Chuck E. Cheese, and California Pizza Kitchen have been forced …
Source: The Paper Store. Ascena Retail, operator of Ann Taylor, LOFT, Lane Bryant, Lou & Grey, Justice, Catherines, and Cacique, filed for bankruptcy on July 23. It said it would …
Some businesses that filed for bankruptcy included Ann Taylor, Pier 1, JCPenny and Ruby Tuesday. There's no way to sugarcoat it: 2020 was a brutal year for restaurants and …
Jamie Oliver’s U.K. Restaurants Declare Bankruptcy About 1,000 employees will lose their jobs as administrators take control of the indebted business. The celebrity chef said …
Every Household-Name Brand Filing for Bankruptcy or Closing Stores Amid the Coronavirus Pandemic From iconic stores to famous chain restaurants, a growing number of …
Restaurants that Filed Bankruptcy More than Once. It appears from our list of restaurant bankruptcies that buffets are the most difficult to run. Of the restaurants that filed bankruptcy …
>> Bankruptcy Watch: 20 Riskiest Restaurant Stocks of Summer 2010. Notably, Sbarro, the famously mediocre Italian chain, went bankrupt in April. The Perkins and Marie …
The delivery food boom had consequences. Buffet restaurants like Cici's, famous for its $5 all-you-can-eat selection of pizza including a mac and cheese pizza and dessert pizza, …
The National Restaurant Association estimates it lost $165 billion in sales between March and July, and Yelp data showed 15,770 permanent restaurant closures, as of …
Chapter 7 Bankruptcy for Restaurants. Chapter 7 is the most basic form of bankruptcy. In a Chapter 7 Bankruptcy, the restaurant ceases all business operations and …
Here are the winners and losers. 01:46. New York CNN Business —. Sizzler USA, one of the country’s first casual restaurant chains, has filed for bankruptcy. The 62-year-old …
CraftWorks acknowledged in a bankruptcy court filing last week that it had “laid off” nearly all of its 18,000 employees and shuttered its 261 restaurants in response to …
October 3, 2022 – Claim Jumper Acquisition Company, LLC and seven affiliated debtors (collectively, the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy …
A vehicle pulls into the drive-thru lane at a Wendy's restaurant in Alhambra, California, on May 5, 2020. Frederic J. Brown/AFP via Getty Images Wendy’s looks to flip nearly …
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