Corner Bakery


Inside the turnaround at Corner Bakery

The fast-casual brand was in freefall before it filed for bankruptcy last year. But improved operations and marketing, and a lot of hard work, have helped the chain turn the corner.


What Corner Bakery's new owners saw in the brand

A Deeper Dive: Chris Dharod, CEO of the fast-casual chain, joins the podcast to discuss its comeback from last year’s bankruptcy filing.

The fast-casual chain, which emerged from bankruptcy last year, says its sales have surged in recent months. It has brought on new executives and expects to open units this year.

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.

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

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.

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

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

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