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Since 2023, Sizzler restaurants outside of the United States are owned by Thailand-based Minor International and are not related to the American firm. In September 2020, Sizzler USA filed for Chapter 11 bankruptcy due to the COVID-19 pandemic hurting sales. The bankruptcy filing does not affect the similarly named Minor International affiliated ...
Sizzler USA Bankruptcy date: Sept. 21, 2020 Assets: $1 million Restaurant(s): Sizzler See: How Major Tech Companies Change the Cities They Moved To. ... Bankruptcy date: Oct. 7, 2020
In 2020, Sizzler USA — which at the time owned only 14 restaurants of its own (the other 90 or so were franchise locations) — filed for Chapter 11 bankruptcy protection.
In February 2008, PEP put Sizzler up for sale. [25] In 2011, Sizzler USA acquired all Sizzler restaurants based in the United States. [26] In the 2013 financial year, Collins Foods reported stalling revenue for their Sizzler operations in Australia, blaming the downturn of the casual dining sector in the country. [27]
The coronavirus pandemic has devastated the restaurant industry. By mid-April of 2020, an estimated 30,000 American restaurants had closed for good and more than 110,000 were expected to shutter by...
In January 2017, the company said it expected to emerge from bankruptcy later that month, following a sale of the company's assets to New York–based private investment firm Cerberus Capital Management L.P. and its partners. Garden Fresh anticipated it would wind up with "between 90 and 104 restaurants" and "significantly less debt". [16]
These restaurant chains have closed locations in recent years -- from 2017 through today -- and now have fewer than 1,000 locations remaining in the U.S.
Joann. The 81-year-old fabric and craft retailer filed for bankruptcy in March, falling victim to customers cutting back on spending, including on fabric, arts and supplies materials. Joann’s ...