Continue to Site >>>

Bankruptcy

Financing

Red Lobster to file for bankruptcy this month, report says

 By Joe Guszkowski on May 14, 2024

A filing could come as early as next week, according to the Wall Street Journal. The seafood chain closed dozens of restaurants in recent days.

Operations

Tampa's Brocato's Sandwich Shop files bankruptcy citing lingering debts from pandemic

 By Lisa Jennings on May 13, 2024

Known for its Cuban sandwiches and devil crabs, the 76-year-old Brocato's Sandwich Shop will continue to operate during the reorganization as it finds financial footing.

Financing

Foxtrot Market’s assets to be sold in foreclosure sale

By Heather Lalley on May 07, 2024

The sale, scheduled for Friday, includes all inventory, intellectual property, equipment and more from the urban convenience store-restaurant hybrid, which closed suddenly last month.

Financing

10 restaurant chains that closed the most locations last year

By Jonathan Maze on May 06, 2024

Restaurant chains navigated a difficult market in 2023 due to inflation. Here are the brands that closed the most locations as a percentage of their unit count last year.

Financing

Restaurant tech firm InKind acquires Etta Collective out of bankruptcy

By Lisa Jennings on May 01, 2024

The two-unit Etta Collective went to the highest bidder for $4 million and InKind CEO Johann Moonesinghe plans to restart growth.

Financing

Boxer Ramen shutters 4 units following bankruptcy

By Lisa Jennings on May 01, 2024

Boxer Ramen and sister brand SuperDeluxe filed for Chapter 11 bankruptcy protection in February. Both are owned by Portland, Oregon, restaurateur Micah Camden.

Financing

Why are so many restaurant chains filing for bankruptcy?

By Jonathan Maze on Apr. 29, 2024

The Bottom Line: A combination of rising costs and weakening sales, and more expensive debt, has caused real problems for restaurant chains. But the industry is also really difficult.

Financing

Sticky's Finger Joint declares bankruptcy

By Jonathan Maze on Apr. 25, 2024

The New York chicken tender chain struggled coming out of the pandemic with inflation and several legal challenges. It is the latest in a string of industry bankruptcy filings.

Workforce

Employees of discontinued Foxtrot and Dom's chains sue for unpaid wages

By Greg Lindenberg on Apr. 25, 2024

A class-action suit contends the food shops’ staffs weren’t alerted of the closings at least 60 days in advance, as required under federal and state law.

Financing

A wave of bankruptcies hits the restaurant industry

By Joe Guszkowski on Apr. 24, 2024

Macroeconomic challenges and corporate missteps have landed a number of companies in financial crisis this year.

  • Page 1