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In April, California raised its minimum wage for fast-food workers at chains with more than 60 locations to $20 an hour. Several days before it filed for bankruptcy, Rubio’s closed 48 ...
Following mass closures and a drop in system sales last year, the fast-casual Mediterranean chain Roti officially announced a Chapter 11 bankruptcy filing on Aug. 23. The company blamed the move ...
The chain said it intends to use the Chapter 11 bankruptcy filing to seek new investors or a buyer and reorganize its finances while working to keep its remaining locations open.
Rax Roast Beef is a regional U.S. fast food restaurant chain specializing in roast beef sandwiches. The company has been through many iterations, declaring bankruptcy more than once, rising to as many as 504 locations in 38 U.S. states in the 1980s and falling to fewer than 20 locations on more than one occasion.
PoFolks. Po' Folks (later restyled as PoFolks) is an American family restaurant chain founded in 1975 in Anderson, South Carolina. Between 1982 and 1988, Po' Folks was operated by the fast food chain Krystal. As of April 2024, the company operates 5 locations in Florida.
Seafood restaurant chain Red Lobster is one of several major chains that filed for Chapter 11 bankruptcy this year. A great example of that in the restaurant industry is the ability to get out of ...
Del Taco Restaurants, Inc. is an American fast-food restaurant chain that specializes in American-style Mexican cuisine, as well as American foods such as burgers, fries and shakes. Del Taco is led by Brand President Tom Rose, [5] and is headquartered in Lake Forest, California. [6]
Boxer Ramen / YelpThe list of chain restaurant bankruptcies in 2024 is only getting longer. Less than a week after the New York-based chicken chain Sticky's Finger Joint declared bankruptcy, a ...