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Bankruptcy

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.

Financing

Burger King wants a bankrupt franchisee to put its restaurants up for sale

By Jonathan Maze on Jun. 15, 2023

The fast-food burger chain said it would not support a process in which operator Meridian Restaurants emerges from bankruptcy still owning its restaurants, joining with the franchisee's creditors in pushing for a sale.

Financing

An Applebee's franchisee is buying Corner Bakery for $15M

By Jonathan Maze on Jun. 02, 2023

SSCP Management, owner of Roy’s and a co-owner of Cici’s, won a bankruptcy auction for the fast-casual bakery/café chain.

Financing

Former Famous Dave's investor makes a $12M bid for Corner Bakery

By Jonathan Maze on May 23, 2023

The hedge fund Wexford Capital, including Famous Dave’s former CEO Jeff Crivello, has an opening bid in an auction for the fast-casual bakery-cafe chain.

Financing

The owner of Quiznos and Church's is apparently making a play for a bankrupt Hardee's franchisee

By Jonathan Maze on May 18, 2023

A company apparently controlled by High Bluff Capital, the investment firm that owns the restaurant chains, is the stalking horse bidder for half of the 108 restaurants operated by Summit Restaurant Holdings.

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