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Corner Bakery

Financing

For Boston Market, another ugly chapter could be its last

 By Jonathan Maze on Sep. 13, 2023

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.

Financing

Corner Bakery employees thought they had a savior. They got something else

 By Jonathan Maze on Sep. 12, 2023

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.”

Financing

Inside the chaotic world of the owner of Boston Market

By Jonathan Maze on Sep. 11, 2023

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.

Financing

An Applebee's franchisee is buying Corner Bakery for $15M

By Jonathan Maze on Jun. 02, 2023

SSCP Management, owner of Roy’s and a co-owner of Cici’s, won a bankruptcy auction for the fast-casual bakery/café chain.

Financing

Former Famous Dave's investor makes a $12M bid for Corner Bakery

By Jonathan Maze on May 23, 2023

The hedge fund Wexford Capital, including Famous Dave’s former CEO Jeff Crivello, has an opening bid in an auction for the fast-casual bakery-cafe chain.

Financing

Corner Bakery declares bankruptcy

By Jonathan Maze on Feb. 24, 2023

The struggling fast-casual bakery-café restaurant chain sought Chapter 11 debt protection as a creditor moved to take control of the company.

Food

Menus spotlight turkey, lunch deals, indulgent treats and more to launch the holiday season

By Patricia Cobe on Nov. 10, 2020

Taste Tracker: Turkey shows up in expected places at Metro Diner and Ike’s; a rainbow cake to carry out from TGI Fridays; Corner Bakery goes for indulgence and Golden Crust tries plants

Financing

Corner Bakery sold to Pandya Restaurant group

By Heather Lalley on Oct. 29, 2020

The struggling Roark-owned fast casual has been purchased by the new owner of Boston Market, real estate investor Jignesh Pandya.

Financing

With office workers at home, Corner Bakery struggles

By Jonathan Maze on Sep. 24, 2020

The fast-casual chain is reportedly hiring restructuring advisors, making it the latest urban chain to face challenges, says RB’s The Bottom Line.

Food

Protein-packed bowls pump up breakfast menus

By Patricia Cobe on Mar. 02, 2020

Consumers are seeking more protein in the morning.

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