Roscoe’s Chicken and Waffles files for bankruptcy

roscoes chicken waffles

The parent company of Roscoe’s House of Chicken and Waffles has filed for Chapter 11 bankruptcy protection, reports the Wall Street Journal.

The bankruptcy filing follows an October court ruling that ordered East Coast Foods, Inc., the owner of the seven-restaurant chain, to pay $3.24 million to a former Roscoe’s employee who sued on charges of sexual harassment and racial discrimination, the WSJ says.

Roscoe’s, an iconic spot in its hometown of Los Angeles, has been a hot spot for notable diners including President Obama, Larry King and Snoop Dogg.

Read the full story via the Wall Street Journal. 

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Emerging Brands

Bread Zeppelin hits pause on franchising to prove out model

Salad stuffed into baguettes is getting a whole lotta love right now. But this fast-casual concept wants to grow more company-owned units to attract the right kind of franchisee down the road.

Financing

Subway's corporate profit has taken off under Roark Capital

The Bottom Line: The fast-food sandwich chain’s operations shift, cost cuts and growing use of vendor rebates have improved the company’s profits. But it has a lot more debt.

Operations

Cost-cutting creativity: How operators are protecting margins in tough times

Inflation across the board is forcing restaurants to rethink everything from staffing to supply chains.

Trending

More from our partners