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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.
The once-popular chain is close to bankruptcy. ... It is looking for a buyer and will likely file for Chapter 11 bankruptcy protection. About 200 restaurants are left standing. ... mother-in-law ...
Garden Fresh Restaurants Bankruptcy date: May 14, 2020 ... (6138059a)A dish is prepped at the Fig & Olive restaurant, near New York's Rockefeller Center, in New York. ... Restaurant(s): Il Mulino
The closures were in Colorado, Kansas, Illinois, Tennessee, Florida, Michigan, and Minnesota. [8] [9] Later that month, Perkins & Marie Callender's Inc. filed for Chapter 11 bankruptcy. PMCI closed 65 restaurants and laid off 2,500 workers. In the bankruptcy proceedings PMCI listed assets of $290 million and liabilities of $441 million.
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.
In 2007, Sun Capital Partners acquired Restaurants Unlimited for an unspecified amount. [1] In July 2015, Jim Eschweiler was named president and CEO. [4] In 2018, Unlimited began adding a 1% “Living Wage Fee” to their customer's bill. [5] [better source needed] On July 7, 2019 the firm filed for Chapter 11 bankruptcy protection. [6]
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