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Bankruptcy

Financing

NYC's Gotham Restaurant files for bankruptcy protection

 By Peter Romeo on Jul. 25, 2024

The Chapter 11 filing indicates the once-acclaimed restaurant's financial problems go deeper than having lost $45,000 to online scammers.

Financing

A Pizza Hut franchisee battling with its franchisor files for bankruptcy

 By Jonathan Maze on Jul. 23, 2024

EYM Pizza, which has traded lawsuits with Pizza Hut over the franchisor’s efforts to terminate the stores over unpaid royalties, sought Chapter 11 bankruptcy protection in Texas.

Financing

Red Lobster is set to be sold to Fortress Investment Group

By Joe Guszkowski on Jul. 23, 2024

No other buyers came forward for the seafood chain, putting the owner of Krystal, Logan's Roadhouse and other chains in line to acquire it for about $375 million.

Financing

Tender Greens and Tocaya: Good businesses with bad balance sheets

By Lisa Jennings on Jul. 22, 2024

The two fast-casual brands are seeking a buyer out of bankruptcy, either together or separately. Parent One Table CEO Harald Herrmann says both are moving in the right direction.

Financing

Tender Greens parent One Table Restaurant Brands files Chapter 11 bankruptcy

By Lisa Jennings on Jul. 18, 2024

The operator of Tender Greens and Tocaya is seeking a buyer, but there are no plans to close any of the 39 restaurants between the two fast-casual brands. It is one of a number of recent restaurant bankruptcies.

Financing

Why MOD Pizza is not out of the woods yet

By Jonathan Maze on Jul. 15, 2024

The Bottom Line: The fast-casual pizza chain was sold last week to Elite Restaurant Group. But few who’ve seen the finances believe the company can avoid closing large numbers of stores.

Financing

Red Lobster ponders best path out of bankruptcy

By Joe Guszkowski on Jul. 12, 2024

The seafood chain and its creditors are aligning behind a debt-for-equity deal that would limit disruptions and expenses.

Operations

MOD Pizza acquired by Elite Restaurant Group

By Lisa Jennings on Jul. 10, 2024

In a deal that aims to avoid bankruptcy, the Bellevue, Washington-based fast-casual pizza chain has agreed to sell 100% of its equity to a Southern California-based group that has owned brands like Slater's 50/50, Project Pie and Patxi's Pizza.

Financing

Why the potential MOD Pizza bankruptcy is a big problem

By Jonathan Maze on Jul. 03, 2024

The Bottom Line: The fast-casual pizza chain's apparent downfall may color the industry's condition more than Red Lobster. But MOD was a victim of its own decisions.

Financing

MOD Pizza is reportedly considering a bankruptcy filing

By Jonathan Maze on Jul. 03, 2024

The fast-casual pizza chain, for years one of the country’s fastest-growing concepts, said it is “exploring all options” to improve its capital structure.

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