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Village Inn

Financing

Bakers Square, Village Inn owner files for bankruptcy

American Blue Ribbon Holdings closed 33 locations as it continues to lose money.

Financing

Restaurant chains have no room for error

Bankruptcy filings by Bar Louie, Krystal and American Blue Ribbon all reflect the industry’s competitive and operational challenges, says RB’s The Bottom Line.

The addition of Steve Sparks, formerly CFO of Village Inn’s parent, narrows Anita Adams’ duties to president.

Kurt Schnaubelt joins the diversified restaurant company from a consulting firm.

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The decision could require restaurants to forego the tip credit for side work and untipped activities.

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