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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. According to CNN , “Red Lobster said that it had more than $1 billion in debt ...
Pages in category "Companies that filed for Chapter 7 bankruptcy in 2024" The following 17 pages are in this category, out of 17 total. This list may not reflect recent changes .
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]
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 ...
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 ...
Companies that filed for Chapter 11 bankruptcy in 2023 (4 C, 165 P) Companies that filed for Chapter 11 bankruptcy in 2024 (171 P)