The demise of Boston Market?

Financing

The owner of Boston Market has filed for bankruptcy again

Jay Pandya, who declared personal bankruptcy in December only to have it terminated, is again seeking debt protection after his company lost a lawsuit filed by US Foods.

Financing

Massachusetts AG fines Boston Market $100k over wage and hour violations

The state’s attorney general cited the struggling company’s failure to timely pay wages or provide accurate payroll records.

The U.S. Department of Labor says it is investigating wage-and-hour complaints against the troubled fast-casual chain.

After years of steady decline, the fast-casual brand appears to be in a death spiral of unpaid bills, legal filings and angry customers. Even in a world as forgiving as restaurants, it may be impossible for the chain to come back.

Jay Pandya took over Corner Bakery during the pandemic in 2020. He demanded tough cost cuts, and refused to pay bills. Employees left in droves. Workers were locked out of stores. And the company’s lender accused him of using the company as a “piggy bank.”

Jay Pandya has long portrayed himself as a “business tycoon,” with restaurant and real estate holdings along the East Coast, before he bought Boston Market and Corner Bakery. But that history is filled with lawsuits, unpaid bills and allegations that he bilked investors.