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Bankruptcy

Financing

Red Lobster set to exit bankruptcy after court approval

 By Joe Guszkowski on Sep. 05, 2024

A judge cleared the way for the seafood chain to be acquired by Fortress Investment Group, which has a plan to revitalize the chain.

Financing

BurgerFi gets a delisting notice

 By Jonathan Maze on Sep. 03, 2024

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

Financing

Why it's so hard to revitalize a bankrupt restaurant chain

By Jonathan Maze on Sep. 03, 2024

The Bottom Line: A host of investment companies have been snapping up restaurant companies at bargain prices. Getting them back into growth mode is the hard part.

Operations

Signs of financial distress are mounting for Shari's Restaurants

By Lisa Jennings on Aug. 29, 2024

The 45-year-old family-dining chain faces multiple accounts of unpaid rent and taxes, eviction notices and unit closures.

Financing

What all these bankruptcies say about the state of restaurants right now

By Jonathan Maze on Aug. 28, 2024

A Deeper Dive: RB editors Joe Guszkowski and Lisa Jennings join Jonathan Maze to discuss the latest news around restaurant industry bankruptcies and some strong sales performances.

Financing

Bankrupt Buca di Beppo has a potential buyer

By Joe Guszkowski on Aug. 28, 2024

Stalking-horse bidder Main Street Capital has made a $27 million credit bid for the casual-dining chain’s assets.

Financing

Roti's recovery from the pandemic proves to be short-lived

By Jonathan Maze on Aug. 26, 2024

The fast-casual Mediterranean chain said that the end of pandemic-era rent deferrals helped push it into its bankruptcy filing. The company now hopes to find a buyer.

Financing

Red Lobster to close more struggling restaurants this week

By Joe Guszkowski on Aug. 25, 2024

The seafood chain is rejecting the leases of 23 more locations as part of its ongoing bankruptcy process.

Financing

Roti declares Chapter 11 bankruptcy

By Jonathan Maze on Aug. 23, 2024

The Chicago-based fast-casual Mediterranean chain, which has been closing locations in recent years, says it will use the process to find new investors or a buyer.

Financing

Could these be the next restaurant chains to file for bankruptcy?

By Joe Guszkowski on Aug. 23, 2024

Hooters and Black Angus Steakhouse are struggling to pay their debt and are exploring alternatives, according to Debtwire.

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