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Chain Apocalypse. This year was a bloodbath for retail and dining businesses. In the first nine months of 2024, business bankruptcy filings skyrocketed 33.5%, jumping from 17,051 to 22,762.
Here are the 10 notable restaurant chains that filed for bankruptcy protection in 2024: Roti Mediterranean fast-casual chain Roti filed for Chapter 11 bankruptcy protection on Aug. 23.
Some diners still find it hard to believe that the world’s largest seafood restaurant chain filed for bankruptcy. ... 8 Popular Companies That Went Bankrupt in 2024. Show comments. Advertisement.
One location reopened under new ownership in April 2024 in Tucson AZ. Tasty Made; Texas Land and Cattle – peaked at 20 locations, only 1 remains in Austin; Two Pesos; Valle's Steak House; Velvet Turtle; Victoria Station – one restaurant remained open in Salem, Massachusetts until it was abruptly closed in December 2017 [13]
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
On August 1, 2024, Buca di Beppo abruptly closed 13 underperforming restaurants nationwide, blaming impact caused by the COVID-19 pandemic as part of the decision. [25] On August 5, 2024, Buca di Beppo filed for Chapter 11 bankruptcy. The company announced it would use bankruptcy proceedings to improve operations and will also sell itself. [26]
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2024" The following 170 pages are in this category, out of 170 total. This list may not reflect recent changes .
After filing for bankruptcy in early 2024 for a second time, the chain has refocused on menu variety by introducing healthier sides and plant-based options. The chain is also improving its digital ...