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Saturday, nov 9
Tag:
Chapter 11 bankruptcy
Business
Popular Fast Casual Dining Chain Files For Bankruptcy
A popular fast casual dining chain has filed for bankruptcy after months of reporting financial distress. BurgerFi International, Inc., announced the Chapter 11 filing on Wednesday, Sept. 11. The Florida-based company is also the parent company of Anthony’s Coal Fired Pizza. All 144 locations of the two brands across the the nation will remain open and continue normal operations. BurgerFi makes up 93 of the eateries, and Anthony's the other 51. The Chapter 11 filing includes the 67 corporate-owned locations of both brands. "BurgerFi and Anthony's Coal Fired Pizza & Wings are dyn…
Business
Popular Italian Restaurant Chain Files For Bankruptcy, Closing Multiple Locations
Buca di Beppo is Buca di bankrupt. The popular Italian eatery chain announced it had filed for Chapter 11 this week and would close several underperforming locations, including restaurants in Pennsylvania, New Jersey, and Maryland. Like many other restaurant chains, Buca di Beppo said the business hadn't bounced back since the COVID-19 pandemic. Customer spending is lower than expected, and supply costs remain high, according to court documents. It's a common tale for several "fast-casual" dining restaurants that have failed to thrive in recent years. Revenue for…
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