BurgerFi

Financing

BurgerFi has been sold to the owner of Savvy Sliders

The fast-casual burger chain has been acquired by Happy Asker, co-founder of the franchise group behind the growing slider chain, as well as Fat Boy's Pizza and Happy's Pizza.

Financing

Corporate greed cooked BurgerFi, franchisees say

The once-promising better-burger chain has a new owner out of bankruptcy, but franchisees wonder whether damage done under prior leaders leaves any hope for a new beginning.

Lender TREW Capital Management won the assets of both fast-casual BurgerFi and casual-dining sister-brand Anthony's Coal Fired Pizza & Wings with credit bid.

Operations will continue at the 144 restaurants as the parent company works through restructuring. But the chairman of the board resigned.

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.

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.

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

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

In addition, three board members have resigned from the parent company of BurgerFi and Anthony's Coal-Fired Pizza, indicating bankruptcy could be coming.

The parent of BurgerFi and Anthony's Coal Fired Pizza said there's substantial doubt about the company's ability to continue to operate.

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