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Bankruptcy

Financing

The Red Lobster bankruptcy is a seminal moment for the restaurant business

 By Jonathan Maze on May 20, 2024

The Bottom Line: The seafood chain’s bankruptcy declaration was not surprising after months of closures and Endless Shrimp recriminations. But that doesn’t make it any less notable.

Financing

Foxtrot, Dom's file for Chapter 7 bankruptcy

 By Greg Lindenberg and Hannah Hammond on May 15, 2024

But is a revival of the retail-restaurant hybrids, which shuttered all locations last month, in the works?

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.

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