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Bankruptcy

Financing

The eatertainment business shows signs of wear

 By Jonathan Maze on Jun. 24, 2024

The Bottom Line: The food-and-games concept Chicago WhirlyBall filed for bankruptcy last week as companies like Dave & Buster’s and TopGolf show sales weakness.

Financing

A 48-unit Subway franchisee declares bankruptcy

 By Jonathan Maze on Jun. 24, 2024

River Subs LLC, a large operator out of San Antonio, is seeking Chapter 11 debt protection after losing a nearly $3 million judgment in a wrongful death lawsuit.

Financing

Burger King franchisee Sun Holdings makes a play for Uncle Julio's

By Jonathan Maze on Jun. 21, 2024

The large operator has acquired the debt in the casual-dining Mexican chain, paving the way for a potential acquisition.

Operations

Laid-off Rubio's worker files WARN complaint

By Lisa Jennings on Jun. 18, 2024

A worker who was terminated when 48 restaurants were shuttered is seeking class-action status, saying the fast-casual chain did not give required notice.

Financing

More small restaurant chains file for bankruptcy

By Jonathan Maze on Jun. 17, 2024

Melt Bar & Grilled, an Ohio chain that was featured on the Food Network and the Travel Channel, joins the Chicago concept Kuma’s Corner and other small chains running into post-pandemic financial problems.

Financing

A Brazilian TGI Fridays operator declares bankruptcy

By Jonathan Maze on Jun. 14, 2024

SouthRock Capital, which had also operated Starbucks and Subway units, filed for Chapter 15 bankruptcy in Texas to protect its rights to the casual-dining restaurant chain.

Workforce

California Red Lobster employees sue chain over mass layoffs

By Joe Guszkowski on Jun. 14, 2024

A lawsuit alleges that the seafood chain did not give staff enough notice before closing nearly 100 restaurants last month.

Operations

Tijuana Flats hires turnaround pro James Greco as CEO

By Lisa Jennings on Jun. 10, 2024

Greco, former CEO of Bruegger's and Sbarro, steps in as the fast-casual Tex-Mex chain navigates bankruptcy under new ownership.

Financing

An Alamo Drafthouse Cinemas franchisee shuts down

By Jonathan Maze on Jun. 06, 2024

A six-unit operator with locations in Texas and Minnesota closed its locations and filed for Chapter 7 bankruptcy, citing continued losses.

Financing

What is the future of Red Lobster?

By Jonathan Maze on Jun. 05, 2024

A Deeper Dive: This week’s episode of the Restaurant Business podcast features Victor Fernandez, VP of insights and knowledge for GuestXM, to talk about full-service restaurants.

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