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Bankruptcy

Financing

Is the plant-based meat trend dead?

 By Jonathan Maze and Lisa Jennings on May 16, 2025

The Week in Restaurants: This week’s episode of the restaurant news discussion podcast looks at the Planta bankruptcy, McDonald’s chicken strips, Cava’s sales and Wingstop.

Financing

Plant-based restaurant chain Planta files for bankruptcy

 By Jonathan Maze on May 13, 2025

The upscale vegan chain is the latest full-service restaurant concept to seek debt protection, as demand for plant-based meat wanes.

Financing

Pappasito's Cantina owner to acquire On the Border out of bankruptcy

By Joe Guszkowski on May 08, 2025

The deal would nearly double the footprint of Houston-based Pappas Restaurants and give it the second-largest Mexican casual-dining chain in the country.

Financing

How a second bankruptcy helped Sbarro find the comeback trail

By Jonathan Maze on May 06, 2025

The pizza chain cut its debt, focused on its core product and found life beyond the mall, all of which helped it thrive despite two bankruptcy filings.

Financing

Planet Hollywood operator files for bankruptcy

By Joe Guszkowski on May 01, 2025

PB Restaurants, the owner of two shuttered locations of the movie-themed casual-dining restaurant, has a net worth of negative $46 million and was facing claims from a former lender.

Financing

Bertucci's files for bankruptcy for the third time

By Joe Guszkowski on Apr. 24, 2025

The Italian casual-dining chain has been shrinking for years. It plans to refocus its efforts on a new fast-casual format, Bertucci's Pronto.

Financing

In Hooters, another example of private-equity excess

By Jonathan Maze on Apr. 21, 2025

The Bottom Line: The casual-dining chain’s owners loaded the company up with too much debt coming out of the pandemic. The result was a predictable bankruptcy.

Financing

Another bankruptcy hits Burger King

By Jonathan Maze and Lisa Jennings on Apr. 18, 2025

The Week in Restaurants: This week’s episode features a discussion on Burger King, a look at Raising Cane’s and KFC and more takeaways from the Restaurant Leadership Conference.

Financing

The rise, fall and (possible) rebirth of Hooters

By Joe Guszkowski on Apr. 18, 2025

America’s first breastaurant chain started as a joke and then became a juggernaut. Now, forced into bankruptcy by debt, inflation and some questionable decisions, it is hoping for a second chance, back where it all began.

Financing

A large Burger King franchisee declares bankruptcy

By Jonathan Maze on Apr. 16, 2025

Consolidated Burger Holdings, which operates 57 locations in Florida and Southern Georgia, declared Chapter 11 bankruptcy after a dispute with the company over remodels and amid heavy debt.

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