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In 2014, Elephant Bar filed for bankruptcy and closed 16 restaurants. [6] In 2017, Elephant Bar closed a number of sites with no explanation. In March 2018, Gen3 Hospitality purchased the Elephant Bar chain out of bankruptcy. [7] By 2021, there was only one remaining location in Albuquerque, New Mexico, which has now closed as of April 2023.
At least 50 of Denny's lowest performing restaurants will close by the end of 2024, the company said, while 100 other restaurants will be shuttered next year to increase Denny's overall cash flow.
The company plans to close its lower volume restaurants, which could include Kentucky. Kentucky Denny's restaurant locations, stores There are nine Denny's locations in Kentucky , according to the ...
Another restaurant chain that’s been the backbone of America's family dining scene for over 70 years is facing closures. According to Restaurant Business, Denny's is set to shutter roughly 150 ...
In 2012, a Canadian restaurant firm acquired Boston-based Elephant & Castle Group, which operated 19 establishments at the time and had filed for chapter 11 protection in 2011. [ 4 ] [ 5 ] Franworks Group owned and operated fourteen Elephant & Castle (E&C) restaurants, as of 2014, including five in Canada and nine in the U.S. [ 6 ]
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All 13 locations closed permanently in late 2020, with company officials attributing the decision to rising food and operational costs even once restaurants had reopened from their initial COVID ...
But since then, Quiznos has been on a downward spiral, closing a whopping 4,700 U.S. locations over a decade. By 2017, the sandwich chain was down to a mere 400 locations — a 90% loss.