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Bankruptcy

Financing

Foxtrot Market’s assets to be sold in foreclosure sale

 By Heather Lalley on May 07, 2024

The sale, scheduled for Friday, includes all inventory, intellectual property, equipment and more from the urban convenience store-restaurant hybrid, which closed suddenly last month.

Financing

10 restaurant chains that closed the most locations last year

 By Jonathan Maze on May 06, 2024

Restaurant chains navigated a difficult market in 2023 due to inflation. Here are the brands that closed the most locations as a percentage of their unit count last year.

Financing

Restaurant tech firm InKind acquires Etta Collective out of bankruptcy

By Lisa Jennings on May 01, 2024

The two-unit Etta Collective went to the highest bidder for $4 million and InKind CEO Johann Moonesinghe plans to restart growth.

Financing

Boxer Ramen shutters 4 units following bankruptcy

By Lisa Jennings on May 01, 2024

Boxer Ramen and sister brand SuperDeluxe filed for Chapter 11 bankruptcy protection in February. Both are owned by Portland, Oregon, restaurateur Micah Camden.

Financing

Why are so many restaurant chains filing for bankruptcy?

By Jonathan Maze on Apr. 29, 2024

The Bottom Line: A combination of rising costs and weakening sales, and more expensive debt, has caused real problems for restaurant chains. But the industry is also really difficult.

Financing

Sticky's Finger Joint declares bankruptcy

By Jonathan Maze on Apr. 25, 2024

The New York chicken tender chain struggled coming out of the pandemic with inflation and several legal challenges. It is the latest in a string of industry bankruptcy filings.

Workforce

Employees of discontinued Foxtrot and Dom's chains sue for unpaid wages

By Greg Lindenberg on Apr. 25, 2024

A class-action suit contends the food shops’ staffs weren’t alerted of the closings at least 60 days in advance, as required under federal and state law.

Financing

A wave of bankruptcies hits the restaurant industry

By Joe Guszkowski on Apr. 24, 2024

Macroeconomic challenges and corporate missteps have landed a number of companies in financial crisis this year.

Financing

Clover Food Lab emerges from bankruptcy with big growth plans

By Jonathan Maze on Apr. 24, 2024

The vegetarian fast-food chain emerged from Chapter 11 bankruptcy protection after just a few months with plans to grow to 60 locations around New England within five years.

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

By Jonathan Maze on Apr. 23, 2024

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

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