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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.
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.
In mid-June 2024, seafood restaurant chain Red Lobster filed for Chapter 11 bankruptcy in Florida. In a statement released at the time the company said it intended to use the proceedings to "drive ...
Why Fridays Is Filing for Chapter 11. TGI Fridays Inc. — the owner and operator of 39 domestic restaurants — filed for Chapter 11 bankruptcy on Nov. 2 as a strategic move to address financial ...
Buca di Beppo, the fan-favorite Italian-American restaurant chain that has been a subsidiary of Planet Hollywood since 2008, officially filed for Chapter 11 bankruptcy on Monday in a Texas court.
Restaurant chain TGI Fridays filed for bankruptcy protection Saturday, saying it is looking for ways to “ensure the long-term viability” of the casual dining brand after closing many of its ...
Seafood restaurant chain Red Lobster has filed for bankruptcy, but most of its restaurants will remain open during the court proceedings. The news, announced on May 19, comes after nearly 90 Red ...
While some chains are updating their ordering systems and others are navigating the waters of Chapter 11 bankruptcy, Hooters will be working with creditors on a plan to restructure its business ...