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Bankruptcy

Financing

BurgerFi International blames rising costs for its bankruptcy filing

 By Lisa Jennings on Sep. 13, 2024

Court documents indicate the Anthony's Coal Fired Pizza and BurgerFi brands may have separate bidders. And here's a list of locations closed in August and September.

Financing

BurgerFi International declares Chapter 11 bankruptcy

 By Jonathan Maze on Sep. 11, 2024

The owner of its flagship burger brand and Anthony’s Coal-Fired Pizza has been struggling with deepening losses in recent months.

Financing

How BurgerFi ended up on the road to bankruptcy

By Lisa Jennings on Sep. 11, 2024

The parent of the BurgerFi and Anthony's Coal Fired Pizza brands has struggled since becoming a public company in 2020. With another 19 locations shuttered, company officials say reorganization was necessary.

Financing

Breakwater Management may acquire Tender Greens and Tocaya

By Lisa Jennings on Sep. 06, 2024

The lender is the stalking horse bidder for parent One Table Restaurant Brands, which has scheduled a bankruptcy auction later this month.

Financing

Red Lobster set to exit bankruptcy after court approval

By Joe Guszkowski on Sep. 05, 2024

A judge cleared the way for the seafood chain to be acquired by Fortress Investment Group, which has a plan to revitalize the chain.

Financing

BurgerFi gets a delisting notice

By Jonathan Maze on Sep. 03, 2024

Another director resigned from the board of the fast-casual restaurant chain operator, which is teetering on the edge of bankruptcy.

Financing

Why it's so hard to revitalize a bankrupt restaurant chain

By Jonathan Maze on Sep. 03, 2024

The Bottom Line: A host of investment companies have been snapping up restaurant companies at bargain prices. Getting them back into growth mode is the hard part.

Operations

Signs of financial distress are mounting for Shari's Restaurants

By Lisa Jennings on Aug. 29, 2024

The 45-year-old family-dining chain faces multiple accounts of unpaid rent and taxes, eviction notices and unit closures.

Financing

What all these bankruptcies say about the state of restaurants right now

By Jonathan Maze on Aug. 28, 2024

A Deeper Dive: RB editors Joe Guszkowski and Lisa Jennings join Jonathan Maze to discuss the latest news around restaurant industry bankruptcies and some strong sales performances.

Financing

Bankrupt Buca di Beppo has a potential buyer

By Joe Guszkowski on Aug. 28, 2024

Stalking-horse bidder Main Street Capital has made a $27 million credit bid for the casual-dining chain’s assets.

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