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Bankruptcy

Leadership

Red Lobster names restructuring expert as new CEO

 By Joe Guszkowski on Mar. 22, 2024

Industry veteran Jonathan Tibus will take the reins as owner Thai Union Group prepares to sell the seafood chain. He replaces Horace Dawson, who is retiring.

Financing

Inside the turnaround at Corner Bakery

 By Jonathan Maze on Mar. 15, 2024

The fast-casual brand was in freefall before it filed for bankruptcy last year. But improved operations and marketing, and a lot of hard work, have helped the chain turn the corner.

Financing

What Corner Bakery's new owners saw in the brand

By Jonathan Maze on Mar. 13, 2024

A Deeper Dive: Chris Dharod, CEO of the fast-casual chain, joins the podcast to discuss its comeback from last year’s bankruptcy filing.

Financing

Corner Bakery moves forward under its new owner

By Jonathan Maze on Feb. 14, 2024

The fast-casual chain, which emerged from bankruptcy last year, says its sales have surged in recent months. It has brought on new executives and expects to open units this year.

Operations

The restaurant group that includes the Etta concept files Chapter 11 bankruptcy

By Lisa Jennings on Feb. 13, 2024

Founder David Pisor said the move is part of a planned restructuring that could include a sale, which is designed to give the troubled restaurant group a fresh start.

Financing

The owner of Boston Market has filed for bankruptcy again

By Jonathan Maze on Feb. 12, 2024

Jay Pandya, who declared personal bankruptcy in December only to have it terminated, is again seeking debt protection after his company lost a lawsuit filed by US Foods.

Operations

Sweet Tomatoes readies its second act with a return to what was

By Lisa Jennings on Feb. 01, 2024

But who, exactly, acquired the intellectual property rights to the buffet brand that will be born again in Arizona?

Financing

Boston Market owner's bankruptcy case is dismissed

By Jonathan Maze on Jan. 11, 2024

A trustee had cited flaws in Jay Pandya’s bankruptcy filing and said he had been unresponsive to requests.

Financing

Jay Pandya, who owns Boston Market, files for personal bankruptcy

By Jonathan Maze on Dec. 12, 2023

The operator of the struggling rotisserie chicken restaurant chain is also accusing US Foods of overcharging for food and keeping supplies low, leading to substitutions and closures.

Financing

Why Steak & Ale is making a comeback, 15 years after shutting down

By Jonathan Maze on Nov. 21, 2023

A Deeper Dive: Paul Mangiamele, the owner of Legendary Restaurant Brands, explains his decision to bring the casual dining chain back so long after it filed Chapter 7 bankruptcy.

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