Continue to Site >>>

Bankruptcy

Financing

Under new ownership, Razzoo's starts from scratch

 By Joe Guszkowski on Jun. 02, 2026

After buying 11 locations out of bankruptcy, M Crowd Restaurant Group wants to return the Cajun casual-dining brand to its roots, including scratch cooking.

Financing

Clover Food Lab shuts down as the plant-based meat trend fades

 By Jonathan Maze on May 27, 2026

The 11-unit Massachusetts-based chain, which had been looking for a buyer, is closing its locations on Thursday, two years after it emerged from bankruptcy.

Financing

Bankruptcy court approves the sale of Fat Brands to multiple buyers

By Jonathan Maze on May 20, 2026

A court gave its OK to the sale of of Twin Peaks, Hot Dog on a Stick, Elevation Burger and the rest of the company in four separate deals, mostly to lenders.

Financing

Fat Brands reaches a deal with lenders and creditors, paving the way for a sale

By Jonathan Maze on May 17, 2026

The bankrupt owner of Twin Peaks, Round Table Pizza and many other chains will establish a liquidation trust that could pursue claims against the company’s former management.

Financing

Fat Brands accuses one of its lenders of fraud

By Jonathan Maze on May 14, 2026

The operator of Hot Dog on a Stick and several other chains has filed a complaint against Insight Capital over a $20.6 million refinancing transaction just before Fat Brands declared bankruptcy.

Financing

Franchisees push their claims in the Fat Brands bankruptcy

By Jonathan Maze on May 11, 2026

Franchisees of several of the restaurant chain operator's brands are claiming tens of millions in damages over everything from misused ad funds to overcharges for cookie supplies.

Financing

Fat Brands creditors push back against the company's sale to lenders

By Jonathan Maze on May 05, 2026

A group of unsecured creditors is suing the company and challenging the nearly $1 billion sale of the bankrupt restaurant chain operator and Twin Peaks over $195 million in transfers.

Financing

Some Fat Brands lenders are objecting to the company’s sale

By Jonathan Maze on May 04, 2026

Most of the company's restaurant chains, including Round Table Pizza, Fazoli's and others, will be sold in a credit deal. But some lenders say the proposal doesn't properly account for $10.8 million in management fees.

Financing

The unfortunate demise of Smokey Bones

By Jonathan Maze on Apr. 30, 2026

The Bottom Line: The barbecue chain officially shut down amid the bankruptcy of parent company Fat Brands. But its doom was assured when the brand operator bought the chain.

Financing

A smaller Hooters starts its comeback from bankruptcy

By Joe Guszkowski on Apr. 30, 2026

The sports bar chain has closed some of its weakest locations in recent months, but others are showing signs of life under new ownership. “I'm cautiously optimistic,” said CEO Neil Kiefer.

  • Page 1