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Bankruptcy

Financing

Clover Food Lab, once a hot concept, declares bankruptcy

 By Jonathan Maze on Nov. 06, 2023

The 12-unit Massachusetts plant-based chain sought debt protection after sales didn’t recover as expected and financing froze just as it kicked off expansion plans.

Financing

A small Florida chain files for bankruptcy and blames the pandemic

 By Jonathan Maze on Oct. 31, 2023

Icebox Cafe, which operates four restaurants plus some vending machines, said dealings with “aggressive lenders” had a role in its filing.

Financing

A Burger King franchisee gets sold out of bankruptcy, and a big buyer is Burger King

By Jonathan Maze on Sep. 27, 2023

Meridian Restaurants, the large operator that declared bankruptcy in March, is selling 70 of its 91 remaining restaurants to several different franchisees as well as the brand following an auction this month.

Operations

Salad concept Green District files Chapter 11 bankruptcy

By Lisa Jennings on Aug. 24, 2023

The fast-casual chain was born in Kentucky and had big plans for franchise expansion before rising interest rates put a damper on growth, the company said.

Financing

Struggling Back Yard Burgers declares bankruptcy

By Jonathan Maze on Jul. 28, 2023

The fast-casual better-burger chain that once had nearly 200 restaurants filed for Chapter 11, its second such filing in just over a decade, after closing several restaurants.

Financing

Wild Wing Café closes restaurants and declares bankruptcy

By Jonathan Maze on Jul. 27, 2023

The Charlotte, N.C.-based casual-dining chicken wing chain sought Chapter 11 debt protection, citing the impact of the pandemic and an inability to restructure its debt. The company closed 15 locations.

Financing

At Boston Market, closed locations, lawsuits and bad Yelp reviews

By Jonathan Maze on Jul. 26, 2023

The fast-casual chain appears to be deteriorating as locations shut down, vendors file lawsuits, workers go unpaid and managers get their supplies from Sam’s Club.

Operations

The crazy, complicated story behind the collapse of Taps Fish House

By Lisa Jennings on Jul. 25, 2023

In an ongoing saga, a Southern California restaurant group was brought to an end in a tangle of lawsuits, family disputes over money, bankruptcies, bitter accusations and finger pointing.

Financing

US Foods and other vendors sue Boston Market

By Jonathan Maze on Jul. 25, 2023

The fast-casual chain is facing several lawsuits from vendors and landlords, including its former owner McDonald’s, over past-due bills. Employees say the company mostly stopped paying wages in June.

Financing

Taps Fish House and Brewery chain closes amid allegations of financial mismanagement

By Lisa Jennings on Jul. 11, 2023

The founder of the once-popular Southern California concept lays blame on a former advisor-turned-partner that led to the collapse of a $30 million restaurant group. The former partner, however, has a different story.

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