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The restaurant company previously filed for Chapter 11 bankruptcy in 2020. Melt Bar & Grilled In June, the Cleveland-based chain said it was struggling to pay its vendors and landlords.
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.
TGI Fridays isn't alone either — other restaurant chains that have recently filed for bankruptcy include Red Lobster, Ruby Tuesday's, and Sbarro. Though many are hoping for a rebound with ...
Rubio's Coastal Grill, a 170-restaurant chain based in California, filed for Chapter 11 bankruptcy protection in October 2020, saying COVID-19 made bouncing back from already slumping sales ...
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... 18 Restaurant Chains That Have Filed for Bankruptcy Skip to ...
According to court documents, 150 restaurants that were operated by those chains were part of the bankruptcy filing. According to a court filing by Ovation, the company had $186.3 million in liabilities and $160.2 million in assets. [8] Due to the COVID-19 pandemic, all of the buffet-style restaurants closed in March 2020. Five locations ...
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Joann [5] Kmart [6] Party City [7] Payless Shoe Source [2] Prospect Medical Holdings [8 ...
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.