7 days ago
When True Food Kitchen filed for Chapter 11 bankruptcy protection on Oct. 4, the chain's CEO Jeff Chandler tried to make it clear that the company planned to continue operating.
"This process is the best path forward to simplify the business and focus on what we do best: delivering craveable, health-forward food and genuine hospitality. We are confident this step will help us build a stronger True Food Kitchen for the future," he said in a press release.
True Food Kitchen serves an upscale clientele looking for healthy food. Most of its stores are located in higher-end shopping or lifestyle plazas. That contributed to its financial problems, Chad Van Horn, founder and managing partner of Van Horn Law Group in Fort Lauderdale, Fla., shared with TheStreet.
"True Food Kitchen did not file because people stopped eating there. Sales were essentially flat, about $312 million last year against $314 million the year before, and the reported debt is around $42 million. That is a cost and footprint problem, not a demand problem," he said.
As part of its Chapter 11 bankruptcy filing, True Food Kitchen shared that it had already closed 12 restaurants. Those locations completed their final service on Oct. 4, but the initial release did not share which locations were closing.
#chapter
"This process is the best path forward to simplify the business and focus on what we do best: delivering craveable, health-forward food and genuine hospitality. We are confident this step will help us build a stronger True Food Kitchen for the future," he said in a press release.
True Food Kitchen serves an upscale clientele looking for healthy food. Most of its stores are located in higher-end shopping or lifestyle plazas. That contributed to its financial problems, Chad Van Horn, founder and managing partner of Van Horn Law Group in Fort Lauderdale, Fla., shared with TheStreet.
"True Food Kitchen did not file because people stopped eating there. Sales were essentially flat, about $312 million last year against $314 million the year before, and the reported debt is around $42 million. That is a cost and footprint problem, not a demand problem," he said.
As part of its Chapter 11 bankruptcy filing, True Food Kitchen shared that it had already closed 12 restaurants. Those locations completed their final service on Oct. 4, but the initial release did not share which locations were closing.
#chapter
9 days ago
The pizza dining sector has been in a downsizing mode in 2026 with several chains closing numerous locations for a variety of reasons.
Some of the biggest and most popular chains, such as Pizza Hut and Papa John's, plan to close 100s for restaurants in 2006 to rid themselves of properties that have become a financial burden.
Boston-based pizza dining chain Bertucci's, which has filed for bankruptcy three times in the last eight years, has also closed dozens of locations.
Bertucci's most recently shuttered its last Washington, D.C.-area location with the closing of its Springfield, Va., restaurant at the end of September, according to the Washington Business Journal.
The 45-year-old pizza chain, which at one time had over 100 locations, has 11 remaining restaurants in Massachusetts, Delaware, and Pennsylvania.
#pizza
Some of the biggest and most popular chains, such as Pizza Hut and Papa John's, plan to close 100s for restaurants in 2006 to rid themselves of properties that have become a financial burden.
Boston-based pizza dining chain Bertucci's, which has filed for bankruptcy three times in the last eight years, has also closed dozens of locations.
Bertucci's most recently shuttered its last Washington, D.C.-area location with the closing of its Springfield, Va., restaurant at the end of September, according to the Washington Business Journal.
The 45-year-old pizza chain, which at one time had over 100 locations, has 11 remaining restaurants in Massachusetts, Delaware, and Pennsylvania.
#pizza
9 days ago
When my wife, son, and I pick a restaurant for dinner, we all have to make sacrifices.
It's challenging to find an eatery that offers something for each of us. The more specialized a restaurant gets, however, the less likely we are to eat there.
That reality hurts chains that focus on healthy food.
People may say they want to eat healthy, but chains like True Food Kitchen face a major challenge when it comes to people actually choosing to eat there.
My wife can order a salad at Chili's, but I can't get ribs and my son can't order chicken tenders at True Food Kitchen. That's one of the challenges facing a healthy restaurant brand that has now filed for Chapter 11 bankruptcy protection, according to a press release.
#restaurant #kitchen #chains
It's challenging to find an eatery that offers something for each of us. The more specialized a restaurant gets, however, the less likely we are to eat there.
That reality hurts chains that focus on healthy food.
People may say they want to eat healthy, but chains like True Food Kitchen face a major challenge when it comes to people actually choosing to eat there.
My wife can order a salad at Chili's, but I can't get ribs and my son can't order chicken tenders at True Food Kitchen. That's one of the challenges facing a healthy restaurant brand that has now filed for Chapter 11 bankruptcy protection, according to a press release.
#restaurant #kitchen #chains
9 days ago
Fast food giant Wendy's faced a fresh wave of permanent store closures on Friday for the second weekend in a row as one of its biggest franchisees scrambled to restructure operations in the aftermath of a Chapter 11 bankruptcy filing.
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Panda Express's founders built a $7 billion empire. Now they're helping 55,000 employees become homeowners
#fast #closures #Friday
Most Read from Fast Company
Emotionally intelligent people use 3 short phrases to stop getting defensive and strengthen their relationships
Wendy's is facing more store closures: See an updated list of shuttered locations from franchise bankruptcy
Panda Express's founders built a $7 billion empire. Now they're helping 55,000 employees become homeowners
#fast #closures #Friday
14 days ago
Long Island mansion Oheka Castle will be sold to the highest bidder after its owner filed Chapter 11 bankruptcy
Taylor Swift filmed her "Blank ****** e" music video at the estate, riding horses through its formal gardens
Kevin Jonas, Joey Fatone, Curtis Martin and Megyn Kelly each celebrated weddings at the historic venue
America's second largest private residence, Oheka Castle, is heading to the auction block this October.
Completed in 1919, the Gilded Age residence was built by financier Otto Hermann Kahn to be used as a summer home. In the years since, the 109,000-square-foot, 127-room estate has become a wedding destination for celebrities. Kahn's own daughter, socialite Maud, became the castle's first bride when she walked down the aisle on June 15, 1920, according the castle's official website.
#oheka #long #island #chapter
Taylor Swift filmed her "Blank ****** e" music video at the estate, riding horses through its formal gardens
Kevin Jonas, Joey Fatone, Curtis Martin and Megyn Kelly each celebrated weddings at the historic venue
America's second largest private residence, Oheka Castle, is heading to the auction block this October.
Completed in 1919, the Gilded Age residence was built by financier Otto Hermann Kahn to be used as a summer home. In the years since, the 109,000-square-foot, 127-room estate has become a wedding destination for celebrities. Kahn's own daughter, socialite Maud, became the castle's first bride when she walked down the aisle on June 15, 1920, according the castle's official website.
#oheka #long #island #chapter
24 days ago
When Christmas rolls around, my wife puts out a very small tree and some stuffed ornaments we bought a few years ago at Target. That's a pretty modest approach to decorating for the holidays compared to many of our neighbors.
At the house we just moved out of, some homes added tasteful lights, others opted for religious displays, and a few opted for a whole lot of inflatables. In some cases, the spending was significant, although many of the items were reused year after year.
Decorations are a small but meaningful part of holiday spending.
Americans planned to spend an average of $1,172 on travel, $632 on gifts, $351 on entertaining, and $227 on decorations, according to a BMO survey conducted before the 2024 holiday season.
Getting those items may be more of a challenge this year, as Gordon Companies, which runs a number of Christmas-themed websites and lists Target, Kohl's, Home Depot, Walmart, Amazon, Lowe's, and Michaels as retail partners, has filed for Chapter 11 bankruptcy.
#christmas #decorations #opted #items
At the house we just moved out of, some homes added tasteful lights, others opted for religious displays, and a few opted for a whole lot of inflatables. In some cases, the spending was significant, although many of the items were reused year after year.
Decorations are a small but meaningful part of holiday spending.
Americans planned to spend an average of $1,172 on travel, $632 on gifts, $351 on entertaining, and $227 on decorations, according to a BMO survey conducted before the 2024 holiday season.
Getting those items may be more of a challenge this year, as Gordon Companies, which runs a number of Christmas-themed websites and lists Target, Kohl's, Home Depot, Walmart, Amazon, Lowe's, and Michaels as retail partners, has filed for Chapter 11 bankruptcy.
#christmas #decorations #opted #items
26 days ago
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter.
Truckload LLC, doing business as Expedite Express, filed for Chapter 11 bankruptcy last week, a process typically done to reorganize operations.
The Southwest Florida-based carrier estimated its **** ets between $100,000 and $500,000 with estimated liabilities of $50,000 or less, per a voluntary petition in court. The business also suggested it had at least 50 creditors.
The business has four power units and eight drivers, according to a federal database as of early June, and provides services across North America, per its website.
Expedite Express joins a list of trucking companies declaring bankruptcy in 2026 as financial and operational challenges continue to batter the industry.
#dive #estimated #chapter
Truckload LLC, doing business as Expedite Express, filed for Chapter 11 bankruptcy last week, a process typically done to reorganize operations.
The Southwest Florida-based carrier estimated its **** ets between $100,000 and $500,000 with estimated liabilities of $50,000 or less, per a voluntary petition in court. The business also suggested it had at least 50 creditors.
The business has four power units and eight drivers, according to a federal database as of early June, and provides services across North America, per its website.
Expedite Express joins a list of trucking companies declaring bankruptcy in 2026 as financial and operational challenges continue to batter the industry.
#dive #estimated #chapter
26 days ago
Financially challenged fast-food franchisees have been lining up to file for bankruptcy protection in 2026 to reorganize their businesses and restructure debt.
Hardee's Phoenix-based restaurant franchisee Superior Star LLC , filed for Chapter 11 bankruptcy protection on July 9, facing an alleged seller financing dispute, according to court papers. A burger chain rival, Checkers Drive-In franchisee C.S. Holdings of Tampa LLC, which operates two locations in Tampa, Fla., filed for Chapter 11 bankruptcy protection to reorganize its business on July 14.
Another Hardee's franchisee, ARC Burger LLC, filed for Chapter 7 bankruptcy liquidation on April 20, 2026, after franchisor Hardee's Restaurants LLC sued the restaurant operator for alleged breach of contract, seeking to recover over $6.5 million in unpaid franchise fees and other obligations, according to Law.com.
And now, major Wendy's restaurant franchisee Meritage Hospitality Group Inc., which operates over 350 locations in 15 states, filed for Chapter 11 bankruptcy to reorganize its business and restructure its debt, almost 11 months after defaulting on its franchise agreements for failing to remit payments.
Meritage Hospitality and 14 affiliates filed their petition in the U.S. Bankruptcy Court for the Western District of Michigan on Sept. 17, 2026, listing $10 million to $50 million in **** ets and debts.
#chapter
Hardee's Phoenix-based restaurant franchisee Superior Star LLC , filed for Chapter 11 bankruptcy protection on July 9, facing an alleged seller financing dispute, according to court papers. A burger chain rival, Checkers Drive-In franchisee C.S. Holdings of Tampa LLC, which operates two locations in Tampa, Fla., filed for Chapter 11 bankruptcy protection to reorganize its business on July 14.
Another Hardee's franchisee, ARC Burger LLC, filed for Chapter 7 bankruptcy liquidation on April 20, 2026, after franchisor Hardee's Restaurants LLC sued the restaurant operator for alleged breach of contract, seeking to recover over $6.5 million in unpaid franchise fees and other obligations, according to Law.com.
And now, major Wendy's restaurant franchisee Meritage Hospitality Group Inc., which operates over 350 locations in 15 states, filed for Chapter 11 bankruptcy to reorganize its business and restructure its debt, almost 11 months after defaulting on its franchise agreements for failing to remit payments.
Meritage Hospitality and 14 affiliates filed their petition in the U.S. Bankruptcy Court for the Western District of Michigan on Sept. 17, 2026, listing $10 million to $50 million in **** ets and debts.
#chapter
26 days ago
Elon Musk's ***** eX has been talking, internally, about buying the leftover customer files of startups that already went under. Not licensing data from companies that are still operating and can say no. Buying the digital estate of companies that no longer exist to say anything at all.
The discussions are happening inside ***** eXAI, the artificial intelligence division born in February when ***** eX merged with xAI. People familiar with the talks told Bloomberg they're informal and might go nowhere. But the idea makes sense from the perspective of an AI lab racing for the frontier.
The goal is basically cheap fuel for Grok. AI models learn from training data—the text, code, and records an algorithm studies to get better at predicting what comes next—and the good stuff, real business records instead of scraped web pages, is getting expensive. A dead company's file cabinet is apparently a bargain by comparison.
Google already did the same. The search giant paid $10 million in a bankruptcy auction for the internal records of Spirit Airlines, the discount carrier that shut down for good this year. They got around 100 million emails, 500 million Microsoft Teams messages, decades of employee files, all headed into an AI training pipeline.
That data belonged to real employees who signed up for a job, not an AI experiment. A flight attendants' union objected in bankruptcy court, arguing that scrubbing names off records—what companies call "de-identifying" data—doesn't stop someone from piecing together who said what in a decade of internal chats. The court fight is still ongoing.
#million #buying #still #training
The discussions are happening inside ***** eXAI, the artificial intelligence division born in February when ***** eX merged with xAI. People familiar with the talks told Bloomberg they're informal and might go nowhere. But the idea makes sense from the perspective of an AI lab racing for the frontier.
The goal is basically cheap fuel for Grok. AI models learn from training data—the text, code, and records an algorithm studies to get better at predicting what comes next—and the good stuff, real business records instead of scraped web pages, is getting expensive. A dead company's file cabinet is apparently a bargain by comparison.
Google already did the same. The search giant paid $10 million in a bankruptcy auction for the internal records of Spirit Airlines, the discount carrier that shut down for good this year. They got around 100 million emails, 500 million Microsoft Teams messages, decades of employee files, all headed into an AI training pipeline.
That data belonged to real employees who signed up for a job, not an AI experiment. A flight attendants' union objected in bankruptcy court, arguing that scrubbing names off records—what companies call "de-identifying" data—doesn't stop someone from piecing together who said what in a decade of internal chats. The court fight is still ongoing.
#million #buying #still #training
27 days ago
The casual Mexican restaurant sector has faced a challenging year in 2026, as dining chains have closed underperforming locations, filed for Chapter 11 bankruptcy protection to reorganize their businesses, and in at least one case, filed for Chapter 7 liquidation to shut down all operations.
Once popular Mexican chain On the Border ceased operations in 2026, after closing all of its locations before its operating company, OTB Hospitality, filed for Chapter 7 liquidation on June 19, 2026, the company shared in a press release.
Another chain facing financial distress is Session Taco, a St. Louis-based casual Mexican dining chain, which closed one of its restaurant locations for the second time in seven months. The chain has not filed for bankruptcy.
The Mexican chain, originally branded Mission Taco Joint until a 2023 name change, closed its Sobremesa restaurant in St. Charles, Mo., on Sept. 13 after only three months of operation, according to its Facebook page.
The St. Charles location was previously branded as Session Taco until the company closed the restaurant on Feb. 13 to redesign and rebrand the restaurant as Sobremesa before reopening in June 2026.
#mexican #locations
Once popular Mexican chain On the Border ceased operations in 2026, after closing all of its locations before its operating company, OTB Hospitality, filed for Chapter 7 liquidation on June 19, 2026, the company shared in a press release.
Another chain facing financial distress is Session Taco, a St. Louis-based casual Mexican dining chain, which closed one of its restaurant locations for the second time in seven months. The chain has not filed for bankruptcy.
The Mexican chain, originally branded Mission Taco Joint until a 2023 name change, closed its Sobremesa restaurant in St. Charles, Mo., on Sept. 13 after only three months of operation, according to its Facebook page.
The St. Charles location was previously branded as Session Taco until the company closed the restaurant on Feb. 13 to redesign and rebrand the restaurant as Sobremesa before reopening in June 2026.
#mexican #locations
28 days ago
With aviation often a prohibitively costly industry for individual players without major backing, several smaller and charter carriers did not survive the spike in jet fuel prices that came at the start of 2026 following the U.S.-Israeli strike on Iran.
Major recent news in this ***** e includes the collapse of Spirit Airlines and the bankruptcy filing of Latvian flag carrier AirBaltic. Smaller carriers that shut down in 2026 include Mexican holiday airline Magnicharters, Finnish charter airline Jetflite, and most recently in September 2026, French charter carrier AirAiles.
And in Colorado, charter broker and indirect air carrier OneFlight International is reportedly pausing all flights for 30 days as a long string of financial problems catches up with it.
The company does not own any aircraft but functions as a broker, organizing chartered flights by private jet and jet card subscriptions.
A jet card is a membership in which customers book flight hours on a private plane at fixed rates. Along with fractional ownership, it is one of two main ways that passengers who fly private book their flights.
#carrier #card
Major recent news in this ***** e includes the collapse of Spirit Airlines and the bankruptcy filing of Latvian flag carrier AirBaltic. Smaller carriers that shut down in 2026 include Mexican holiday airline Magnicharters, Finnish charter airline Jetflite, and most recently in September 2026, French charter carrier AirAiles.
And in Colorado, charter broker and indirect air carrier OneFlight International is reportedly pausing all flights for 30 days as a long string of financial problems catches up with it.
The company does not own any aircraft but functions as a broker, organizing chartered flights by private jet and jet card subscriptions.
A jet card is a membership in which customers book flight hours on a private plane at fixed rates. Along with fractional ownership, it is one of two main ways that passengers who fly private book their flights.
#carrier #card
1 month ago
HIVE Digital Technologies (Nasdaq: HIVE), a Canada-based Bitcoin miner and data center operator that trades on the Nasdaq and Toronto Stock Exchange, said it has exceeded $1 million in daily revenue on Aug. 21.
The milestone combined income from Bitcoin mining and GPU cloud services for the first time at that level, according to preliminary, unaudited management estimates.
Since that date, the company has produced an average of approximately 12 Bitcoin per day, representing roughly 2% of global Bitcoin network production.
Its GPU cloud operations, run through wholly owned subsidiary BUZZ HPC, a sovereign AI cloud and high-performance computing provider, have generated approximately $100,000 in average daily revenue over the same period.
Related: Man declares bankruptcy with 34 cents while hiding millions
#Bitcoin #hive #daily #average
The milestone combined income from Bitcoin mining and GPU cloud services for the first time at that level, according to preliminary, unaudited management estimates.
Since that date, the company has produced an average of approximately 12 Bitcoin per day, representing roughly 2% of global Bitcoin network production.
Its GPU cloud operations, run through wholly owned subsidiary BUZZ HPC, a sovereign AI cloud and high-performance computing provider, have generated approximately $100,000 in average daily revenue over the same period.
Related: Man declares bankruptcy with 34 cents while hiding millions
#Bitcoin #hive #daily #average
1 month ago
Investment manager Jim Chanos is the founder of Kynikos ***** ociates, a New York City-registered investment advisor focused on short selling.
He is best known for predicting the fall of the major energy company Enron before its bankruptcy in 2001, with Kynikos profiting from its massive short position.
The trade turned Chanos into a legendary figure at Wall Street. The investor just now sent a harsh warning on artificial intelligence (AI) trends.
Related: HIVE chair dismisses Anthropic researcher's AI extinction warning
IREN Limited (Nasdaq: IREN) is a data infrastructure company that began as a Bitcoin miner. But it began focusing on building AI capacities, though mining is still a major business area.
#iren #company #began #associates
He is best known for predicting the fall of the major energy company Enron before its bankruptcy in 2001, with Kynikos profiting from its massive short position.
The trade turned Chanos into a legendary figure at Wall Street. The investor just now sent a harsh warning on artificial intelligence (AI) trends.
Related: HIVE chair dismisses Anthropic researcher's AI extinction warning
IREN Limited (Nasdaq: IREN) is a data infrastructure company that began as a Bitcoin miner. But it began focusing on building AI capacities, though mining is still a major business area.
#iren #company #began #associates
1 month ago
On Sep. 8, a federal jury in Alexandria, Virginia, convicted Jihoon Park for his role in an investment fraud scheme and defrauding a bankruptcy court.
Park used his personal relationships and his previous affiliation with a large financial institution to convince members of his community to let him invest their life savings and retirement money with a promise of high returns, as per court documents and evidence presented at trial.
Related: San Francisco billionaire slammed by Gen Z son over surveillance support
But he transferred over $2.5 million from the unsuspecting community members to himself to buy a house and cryptocurrency.
As a fraud victim sued Park, he transferred **** ets to his wife and hid crypto **** ets worth millions of dollars before filing for bankruptcy.
#park
Park used his personal relationships and his previous affiliation with a large financial institution to convince members of his community to let him invest their life savings and retirement money with a promise of high returns, as per court documents and evidence presented at trial.
Related: San Francisco billionaire slammed by Gen Z son over surveillance support
But he transferred over $2.5 million from the unsuspecting community members to himself to buy a house and cryptocurrency.
As a fraud victim sued Park, he transferred **** ets to his wife and hid crypto **** ets worth millions of dollars before filing for bankruptcy.
#park
1 month ago
On Sep. 8, a federal jury in Alexandria, Virginia, convicted Jihoon Park for his role in an investment fraud scheme and defrauding a bankruptcy court.
Park used his personal relationships and his previous affiliation with a large financial institution to convince members of his community to let him invest their life savings and retirement money with a promise of high returns, as per court documents and evidence presented at trial.
Related: San Francisco billionaire slammed by Gen Z son over surveillance support
But he transferred over $2.5 million from the unsuspecting community members to himself to buy a house and cryptocurrency.
As a fraud victim sued Park, he transferred **** ets to his wife and hid crypto **** ets worth millions of dollars before filing for bankruptcy.
#fraud #members #community #transferred
Park used his personal relationships and his previous affiliation with a large financial institution to convince members of his community to let him invest their life savings and retirement money with a promise of high returns, as per court documents and evidence presented at trial.
Related: San Francisco billionaire slammed by Gen Z son over surveillance support
But he transferred over $2.5 million from the unsuspecting community members to himself to buy a house and cryptocurrency.
As a fraud victim sued Park, he transferred **** ets to his wife and hid crypto **** ets worth millions of dollars before filing for bankruptcy.
#fraud #members #community #transferred
1 month ago
LIV Golf officially filed for bankruptcy this week, hoping to rebuild a self-sustaining world golf tour from the ashes of Saudi Arabia's most infamous sportswashing attempt.
Ever since the Saudis pulled their billions of dollars in funding, the tour has faced an existential crisis. As its 2026 season concluded, it canceled its team championship event and ended the campaign early. LIV then laid off most of its workforce before ultimately filing for bankruptcy.
While LIV Golf CEO Scott O'Neil has hyped a potential new investor that could save the tour, the reality paints a far different picture.
According to the bankruptcy filing, LIV has until Oct. 13 to meet several criteria for BC Partners to make their investment official. At least half the players with outstanding claims against LIV, including top stars like Jon Rahm and Bryson DeChambeau, must sign on to the new agreement in order to make it valid.
Incredibly, LIV doesn't just owe money to players it forked over millions of dollars to in order to join its rebel tour. It also owes money to other people and entities, including YouTube content creator Rick Shiels. LIV still owes him $1.4 million as an ambassador, in one of the clearest signs of the wasteful spending that doomed the league.
#golf #including
Ever since the Saudis pulled their billions of dollars in funding, the tour has faced an existential crisis. As its 2026 season concluded, it canceled its team championship event and ended the campaign early. LIV then laid off most of its workforce before ultimately filing for bankruptcy.
While LIV Golf CEO Scott O'Neil has hyped a potential new investor that could save the tour, the reality paints a far different picture.
According to the bankruptcy filing, LIV has until Oct. 13 to meet several criteria for BC Partners to make their investment official. At least half the players with outstanding claims against LIV, including top stars like Jon Rahm and Bryson DeChambeau, must sign on to the new agreement in order to make it valid.
Incredibly, LIV doesn't just owe money to players it forked over millions of dollars to in order to join its rebel tour. It also owes money to other people and entities, including YouTube content creator Rick Shiels. LIV still owes him $1.4 million as an ambassador, in one of the clearest signs of the wasteful spending that doomed the league.
#golf #including
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
1 month ago
Usually, when a restaurant chain goes under, it happens in steps.
On The Border, for example, first closed a number of locations, then filed for Chapter 11 bankruptcy. It was purchased during that process and closed a few more locations. Then, its new owner filed for Chapter 7 bankruptcy for the brand, shutting down all but a handful of franchised locations.
It's rare that a company simply makes the decision to close all its restaurants and exit that business.
Whitbread, a company that operates a number of restaurant chains including Beefeater, Brewers Fayre, Bar + Block, Table Table, Whitbread Inns, and Cookhouse + Pub, plans to close all of its restaurants, a process that began in September.
More Restaurants:
#closed #bankruptcy
On The Border, for example, first closed a number of locations, then filed for Chapter 11 bankruptcy. It was purchased during that process and closed a few more locations. Then, its new owner filed for Chapter 7 bankruptcy for the brand, shutting down all but a handful of franchised locations.
It's rare that a company simply makes the decision to close all its restaurants and exit that business.
Whitbread, a company that operates a number of restaurant chains including Beefeater, Brewers Fayre, Bar + Block, Table Table, Whitbread Inns, and Cookhouse + Pub, plans to close all of its restaurants, a process that began in September.
More Restaurants:
#closed #bankruptcy
1 month ago
Chief Executive David Steinberg cracked some XL-sized eggs before hatching Zeta Global (ZETA) and building it up into a soaring and swooping AI marketing stock. Just this year, Zeta shares have climbed more than 50%.
His prior company, InPhonic, drew condemnation from a Better Business Bureau chief executive, prized growth over profits, faced regulatory charges and landed in bankruptcy court. After it delisted, it seems the serial founder was ***** -bent on constructing its foil.
That's Zeta. Early on, it was apparently so bottom-line focused that venture capitalists deemed it "too profitable" to invest. Steinberg and his partners initially self-funded it.
Zeta is now a rising marketing and advertising platform — with partners such as Palantir (PLTR) and OpenAI, and an AI bot named after a Greek goddess.
Wall Street expects Zeta's revenue growth to accelerate. After rising an average of 30.3% over the past three years, ***** ysts see 39% growth this year, to $1.82 billion, per FactSet. They also anticipate rising quarterly profits, including $12.5 million in the third quarter and $22.4 million in the fourth, with a dip attributable to seasonality the following quarter.
#partners
His prior company, InPhonic, drew condemnation from a Better Business Bureau chief executive, prized growth over profits, faced regulatory charges and landed in bankruptcy court. After it delisted, it seems the serial founder was ***** -bent on constructing its foil.
That's Zeta. Early on, it was apparently so bottom-line focused that venture capitalists deemed it "too profitable" to invest. Steinberg and his partners initially self-funded it.
Zeta is now a rising marketing and advertising platform — with partners such as Palantir (PLTR) and OpenAI, and an AI bot named after a Greek goddess.
Wall Street expects Zeta's revenue growth to accelerate. After rising an average of 30.3% over the past three years, ***** ysts see 39% growth this year, to $1.82 billion, per FactSet. They also anticipate rising quarterly profits, including $12.5 million in the third quarter and $22.4 million in the fourth, with a dip attributable to seasonality the following quarter.
#partners
1 month ago
Last October, shares of NuScale Power (NYSE: SMR) hit an all-time high of about $57. Today, shares trade at just under $10, representing a massive 84% decline.
What happened? Nothing that an 84% decline might suggest: no bankruptcy, no regulatory complications, no nuclear accidents (thank goodness). The drawback was more likely a sign that investors had lost patience with an overvalued nuclear stock with no reactor operating in the real world, and no firm first customer.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Funny thing is, NuScale actually looks better positioned as a company than it did at the height of its AI-nuclear boom. Investors looking for a value may want to reconsider NuScale, especially with a multi-state project moving closer to a signed deal.
If you're new to NuScale, here's a quick catch-up: The company wants to build and sell small modular reactors (SMRs), which are essentially compact nuclear power plants designed to generate carbon-free electricity from a much smaller physical footprint than your traditional nuclear facility. It is currently the only company in the U.S. with an NRC-approved SMR design, but it has not yet built a reactor for a customer.
#nuscale #power #time
What happened? Nothing that an 84% decline might suggest: no bankruptcy, no regulatory complications, no nuclear accidents (thank goodness). The drawback was more likely a sign that investors had lost patience with an overvalued nuclear stock with no reactor operating in the real world, and no firm first customer.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Funny thing is, NuScale actually looks better positioned as a company than it did at the height of its AI-nuclear boom. Investors looking for a value may want to reconsider NuScale, especially with a multi-state project moving closer to a signed deal.
If you're new to NuScale, here's a quick catch-up: The company wants to build and sell small modular reactors (SMRs), which are essentially compact nuclear power plants designed to generate carbon-free electricity from a much smaller physical footprint than your traditional nuclear facility. It is currently the only company in the U.S. with an NRC-approved SMR design, but it has not yet built a reactor for a customer.
#nuscale #power #time
1 month ago
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter.
TabaPay intends to buy Denver-based Transact Bank, the money movement platform announced Wednesday.
The transaction, aided by $155 million in financing led by growth equity firm FTV Capital, would give TabaPay a banking charter through the Office of the Comptroller of the Currency but also requires approval from the Federal Reserve.
TabaPay made headlines in 2024, when it floated a $9.7 million offer to buy the ***** ets of the fintech Synapse, which declared bankruptcy a day or so earlier.
Weeks later, however, TabaPay terminated the agreement "based on failure to meet the purchase agreement closing conditions."
#dive #based #agreement
TabaPay intends to buy Denver-based Transact Bank, the money movement platform announced Wednesday.
The transaction, aided by $155 million in financing led by growth equity firm FTV Capital, would give TabaPay a banking charter through the Office of the Comptroller of the Currency but also requires approval from the Federal Reserve.
TabaPay made headlines in 2024, when it floated a $9.7 million offer to buy the ***** ets of the fintech Synapse, which declared bankruptcy a day or so earlier.
Weeks later, however, TabaPay terminated the agreement "based on failure to meet the purchase agreement closing conditions."
#dive #based #agreement
1 month ago
Defunct Yellow Corp. has reached settlement agreements with four multiemployer pension plans totaling up to $526 million to resolve remaining withdrawal liability claims. The deals are supported by its largest shareholder, MFN Partners, and would bring an end to a legal battle that began shortly after the less-than-truckload carrier filed for bankruptcy in August 2023.
(Yellow previously agreed to terms with most of the MEPPs it once contributed to on behalf of employees.)
New York State Teamsters Conference Pension and Retirement Fund, Western Conference of Teamsters Pension Trust Fund, and Western Pennsylvania Teamsters and Employers Pension Fund would receive the bulk of the funds. New York Teamsters are seeking approval for a $300 million claim.
A federal bankruptcy court in Delaware has been asked to approve the plan, which "will bring the current multi-year long MEPP litigation in these cases to an end … thus allowing the Liquidating Trust to begin making meaningful distributions to general unsecured claimants."
As part of the deal, MFN has agreed to drop its pending appeals and will waive its right to file certain legal fees and expenses.
#teamsters #conference #western
(Yellow previously agreed to terms with most of the MEPPs it once contributed to on behalf of employees.)
New York State Teamsters Conference Pension and Retirement Fund, Western Conference of Teamsters Pension Trust Fund, and Western Pennsylvania Teamsters and Employers Pension Fund would receive the bulk of the funds. New York Teamsters are seeking approval for a $300 million claim.
A federal bankruptcy court in Delaware has been asked to approve the plan, which "will bring the current multi-year long MEPP litigation in these cases to an end … thus allowing the Liquidating Trust to begin making meaningful distributions to general unsecured claimants."
As part of the deal, MFN has agreed to drop its pending appeals and will waive its right to file certain legal fees and expenses.
#teamsters #conference #western
1 month ago
The Shilo Sanders bankruptcy trial continues in Colorado, as he tries to have a massive judgment of $11.89 million discharged.
Via Olivia Doak of the Boulder Daily Camera, Shilo Sanders took the witness stand on Tuesday.
He disputed prior testimony that painted him as the aggressor in a 2015 altercation that left John Darjean, who was a security guard at Shilo's school, with serious injuries. Shilo said that Darjean was "getting aggressive" and "attacked and **** aulted" Shilo. He added that Darjean choked him.
Other witnesses said they did not see Darjean choke Shilo Sanders.
The fight happened after Darjean attempted to confiscate Shilo's phone.
#shilo #sanders #olivia
Via Olivia Doak of the Boulder Daily Camera, Shilo Sanders took the witness stand on Tuesday.
He disputed prior testimony that painted him as the aggressor in a 2015 altercation that left John Darjean, who was a security guard at Shilo's school, with serious injuries. Shilo said that Darjean was "getting aggressive" and "attacked and **** aulted" Shilo. He added that Darjean choked him.
Other witnesses said they did not see Darjean choke Shilo Sanders.
The fight happened after Darjean attempted to confiscate Shilo's phone.
#shilo #sanders #olivia
1 month ago
Guns and ammunition retailers have faced financial distress, leading to store closings and bankruptcy filings as sales have fallen significantly over the last two years.
Industry experts believe some of the decline in sales might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200 to $0 beginning Jan. 1, 2026, the National Rifle **** ociation's American Rifleman reported. The decline of sales, however, has continued in 2026.
Financial issues had led firearms and ammunition retailer White Oak Armory LLC to file for Chapter 11 bankruptcy to reorganize its business, owing a disputed tax debt to the Tennessee Department of Revenue.
White Oak Armory filed its petition in the U.S. Bankruptcy Court for the Eastern District of Tennessee on Aug. 24, listing $500,000 to $1 million in **** ets and liabilities. The petition did not reveal whether the company's sales had declined, and the debtor did not give a specific reason for filing for bankruptcy in its petition.
The retailer was not immediately available for comment. The firearms dealer's website and telephone were still operating on Aug. 30.
#armory #tennessee #ammunition
Industry experts believe some of the decline in sales might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200 to $0 beginning Jan. 1, 2026, the National Rifle **** ociation's American Rifleman reported. The decline of sales, however, has continued in 2026.
Financial issues had led firearms and ammunition retailer White Oak Armory LLC to file for Chapter 11 bankruptcy to reorganize its business, owing a disputed tax debt to the Tennessee Department of Revenue.
White Oak Armory filed its petition in the U.S. Bankruptcy Court for the Eastern District of Tennessee on Aug. 24, listing $500,000 to $1 million in **** ets and liabilities. The petition did not reveal whether the company's sales had declined, and the debtor did not give a specific reason for filing for bankruptcy in its petition.
The retailer was not immediately available for comment. The firearms dealer's website and telephone were still operating on Aug. 30.
#armory #tennessee #ammunition
1 month ago
Brennan **** et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan **** et Management highlighted Millicom International Cellular S.A. (NASDAQ:TIGO) as a notable contributor. Millicom International Cellular S.A. (NASDAQ:TIGO) is a telecommunications and media company that provides cable and mobile services in Latin America. On August 28, 2026, Millicom International Cellular S.A. (NASDAQ:TIGO) stock closed at $93.38 per share. The one-month return of Millicom International Cellular S.A. (NASDAQ:TIGO) was -1.10%, and its shares gained 93.04% over the past 52 weeks. Millicom International Cellular S.A. (NASDAQ:TIGO) has a market capitalization of $15.64 billion.
Brennan **** et Management stated the following regarding Millicom International Cellular S.A. (NASDAQ:TIGO) in its Q2 2026 investor letter:
"Millicom International Cellular S.A. (NASDAQ:TIGO) and GTX operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. TIGO operated in riskier Central and South American markets and had a mixed operating history (to be kind). The prior management team executed a fantastic acquisition (buyout of minority partner in Guatemala) but funded it via a rights offering at stock prices ~60% below where the deal was announced. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)
#tigo #asset #letter #market
In its second-quarter 2026 investor letter, Brennan **** et Management highlighted Millicom International Cellular S.A. (NASDAQ:TIGO) as a notable contributor. Millicom International Cellular S.A. (NASDAQ:TIGO) is a telecommunications and media company that provides cable and mobile services in Latin America. On August 28, 2026, Millicom International Cellular S.A. (NASDAQ:TIGO) stock closed at $93.38 per share. The one-month return of Millicom International Cellular S.A. (NASDAQ:TIGO) was -1.10%, and its shares gained 93.04% over the past 52 weeks. Millicom International Cellular S.A. (NASDAQ:TIGO) has a market capitalization of $15.64 billion.
Brennan **** et Management stated the following regarding Millicom International Cellular S.A. (NASDAQ:TIGO) in its Q2 2026 investor letter:
"Millicom International Cellular S.A. (NASDAQ:TIGO) and GTX operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. TIGO operated in riskier Central and South American markets and had a mixed operating history (to be kind). The prior management team executed a fantastic acquisition (buyout of minority partner in Guatemala) but funded it via a rights offering at stock prices ~60% below where the deal was announced. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)
#tigo #asset #letter #market
1 month ago
DENVER – Former Colorado football player Shilo Sanders testified at his bankruptcy trial here Tuesday, Sept. 1, that a security guard at his school "attacked and ***** aulted" him in 2015 — not the other way around as a Texas state court found in 2022 when it issued an $11.89 million judgment against Sanders.
Sanders, son of Colorado coach Deion Sanders, testified the security guard, John Darjean, also caused him to fear his life, choked him, caused him to "black out" and starting tearing the skin off his arm when he grabbed it in an attempt to confiscate his phone at school.
Sanders testified he was in "excruciating pain" because of it and was "choke-slammed" by Darjean into a corner, causing him to "hit my head as hard as possibly could happen."
"I literally have proof of both of his hands tearing my skin off," Sanders testified.
WHAT'S AT STAKE: Deion Sanders' son goes to trial this week. Why this case is so weird
#testified #deion
Sanders, son of Colorado coach Deion Sanders, testified the security guard, John Darjean, also caused him to fear his life, choked him, caused him to "black out" and starting tearing the skin off his arm when he grabbed it in an attempt to confiscate his phone at school.
Sanders testified he was in "excruciating pain" because of it and was "choke-slammed" by Darjean into a corner, causing him to "hit my head as hard as possibly could happen."
"I literally have proof of both of his hands tearing my skin off," Sanders testified.
WHAT'S AT STAKE: Deion Sanders' son goes to trial this week. Why this case is so weird
#testified #deion
1 month ago
Brennan ***** et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan ***** et Management highlighted Garrett Motion Inc. (NASDAQ:GTX). Garrett Motion Inc. (NASDAQ:GTX) designs and manufactures engineered turbocharging and high-speed electric motor technologies for OEMs, distributors, and industrial fields. On August 28, 2026, Garrett Motion Inc. (NASDAQ:GTX) stock closed at $26.66 per share. The one-month return of Garrett Motion Inc. (NASDAQ:GTX) was -12.70%, and its shares gained 105.66% over the past 52 weeks. Garrett Motion Inc. (NASDAQ:GTX) has a market capitalization of $4.97 billion.
Brennan ***** et Management stated the following regarding Garrett Motion Inc. (NASDAQ:GTX) in its Q2 2026 investor letter:
"TIGO and Garrett Motion Inc. (NASDAQ:GTX) operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)
#asset
In its second-quarter 2026 investor letter, Brennan ***** et Management highlighted Garrett Motion Inc. (NASDAQ:GTX). Garrett Motion Inc. (NASDAQ:GTX) designs and manufactures engineered turbocharging and high-speed electric motor technologies for OEMs, distributors, and industrial fields. On August 28, 2026, Garrett Motion Inc. (NASDAQ:GTX) stock closed at $26.66 per share. The one-month return of Garrett Motion Inc. (NASDAQ:GTX) was -12.70%, and its shares gained 105.66% over the past 52 weeks. Garrett Motion Inc. (NASDAQ:GTX) has a market capitalization of $4.97 billion.
Brennan ***** et Management stated the following regarding Garrett Motion Inc. (NASDAQ:GTX) in its Q2 2026 investor letter:
"TIGO and Garrett Motion Inc. (NASDAQ:GTX) operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)
#asset
1 month ago
The breakfast dining sector has faced financial challenges in 2026, leading dining chains to close locations or, in some cases, file for bankruptcy protection.
Franchisees of iconic chain Denny's, such as DBJ US Corp. in Miami Beach, Fla., have been among the restaurant operators who have filed for bankruptcy.
And smaller chains, such as Sarabeth's in New York City and Breakfast Republic in San Diego have closed several of their locations to cut costs to stay in business.
And now the owner of breakfast and brunch dining chain **** ermilk Eatery has filed for Chapter 11 protection to reorganize its business, facing a lawsuit.
Asani Restaurant Group LLC filed its petition in the U.S. Bankruptcy Court for the Middle District of Florida on Aug. 31, listing over $75,000 in **** ets and over $407,000 in debts.
#chains #locations #business
Franchisees of iconic chain Denny's, such as DBJ US Corp. in Miami Beach, Fla., have been among the restaurant operators who have filed for bankruptcy.
And smaller chains, such as Sarabeth's in New York City and Breakfast Republic in San Diego have closed several of their locations to cut costs to stay in business.
And now the owner of breakfast and brunch dining chain **** ermilk Eatery has filed for Chapter 11 protection to reorganize its business, facing a lawsuit.
Asani Restaurant Group LLC filed its petition in the U.S. Bankruptcy Court for the Middle District of Florida on Aug. 31, listing over $75,000 in **** ets and over $407,000 in debts.
#chains #locations #business
1 month ago
Shilo Sanders bankruptcy trial, explained: What to know about $11M debt lawsuit against Deion's son originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
It's a prove-it year for much of the Sanders family, with Deion looking to bounce back from a 3-9 season and Shedeur hoping he will still get his chance to start games for the Browns at some point after losing a quarterback battle with Deshaun Watson.
Shedeur's brother and Deion's son, Shilo, will face a much different kind of test: a bankruptcy trial.
The trial, which stems from an incident 11 years ago, is unusual if only because bankruptcy cases rarely go to trial, but the Sanders family has taken the process all the way to court, to the point that Deion could take the stand to testify.
Here's what you need to know about Shilo Sanders' bankruptcy case.
#sporting #point
It's a prove-it year for much of the Sanders family, with Deion looking to bounce back from a 3-9 season and Shedeur hoping he will still get his chance to start games for the Browns at some point after losing a quarterback battle with Deshaun Watson.
Shedeur's brother and Deion's son, Shilo, will face a much different kind of test: a bankruptcy trial.
The trial, which stems from an incident 11 years ago, is unusual if only because bankruptcy cases rarely go to trial, but the Sanders family has taken the process all the way to court, to the point that Deion could take the stand to testify.
Here's what you need to know about Shilo Sanders' bankruptcy case.
#sporting #point
1 month ago
Guns and ammunition retailers have faced financial distress, leading to store closings and bankruptcy filings as sales have fallen significantly over the last two years.
Industry experts believe some of the decline in sales might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200 to $0 beginning Jan. 1, 2026, the National Rifle ****** ociation's American Rifleman reported. The decline of sales, however, has continued in 2026.
Financial issues had led firearms and ammunition retailer White Oak Armory LLC to file for Chapter 11 bankruptcy to reorganize its business, owing a disputed tax debt to the Tennessee Department of Revenue.
White Oak Armory filed its petition in the U.S. Bankruptcy Court for the Eastern District of Tennessee on Aug. 24, listing $500,000 to $1 million in ****** ets and liabilities. The petition did not reveal whether the company's sales had declined, and the debtor did not give a specific reason for filing for bankruptcy in its petition.
The retailer was not immediately available for comment. The firearms dealer's website and telephone were still operating on Aug. 30.
#sales
Industry experts believe some of the decline in sales might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200 to $0 beginning Jan. 1, 2026, the National Rifle ****** ociation's American Rifleman reported. The decline of sales, however, has continued in 2026.
Financial issues had led firearms and ammunition retailer White Oak Armory LLC to file for Chapter 11 bankruptcy to reorganize its business, owing a disputed tax debt to the Tennessee Department of Revenue.
White Oak Armory filed its petition in the U.S. Bankruptcy Court for the Eastern District of Tennessee on Aug. 24, listing $500,000 to $1 million in ****** ets and liabilities. The petition did not reveal whether the company's sales had declined, and the debtor did not give a specific reason for filing for bankruptcy in its petition.
The retailer was not immediately available for comment. The firearms dealer's website and telephone were still operating on Aug. 30.
#sales
2 months ago
Casual dining restaurants have to walk a tightrope when it comes to offering strong value and a good customer experience. Chili's has succeeded in finding the right mix of price, value, and experience that keeps the chain affordable while differentiating it from fast-food and fast-casual chains.
"Chili's was the unquestionable same-store sales champ in 2025, though this has set the brand up for some difficult comps periods," Restaurant Dive reported. "…In its most recent quarter, that success was driven primarily by traffic growth, a remarkable feat at a time when many brands faced stagnant or reversing traffic."
Other chains, including Red Lobster, Ruby Tuesday, and Applebee's, have shrunk. On The Border filed Chapter 7 bankruptcy, and only a handful of franchised locations remain, while Bahama Breeze was shut down by Darden, its parent company.
Buffalo Wild Wings, another casual dining chain going after that same audience, has also been closing restaurants. It's selective, and the chain has opened some new locations as well, but that's cold comfort to people who watch their nearby location shut down.
Chili's success has been driven by its value offerings. That's something Brinker CEO Kevin Hochman talked about during the Chili's parents company's fourth-quarter earnings call.
#value #restaurants #fast #chains
"Chili's was the unquestionable same-store sales champ in 2025, though this has set the brand up for some difficult comps periods," Restaurant Dive reported. "…In its most recent quarter, that success was driven primarily by traffic growth, a remarkable feat at a time when many brands faced stagnant or reversing traffic."
Other chains, including Red Lobster, Ruby Tuesday, and Applebee's, have shrunk. On The Border filed Chapter 7 bankruptcy, and only a handful of franchised locations remain, while Bahama Breeze was shut down by Darden, its parent company.
Buffalo Wild Wings, another casual dining chain going after that same audience, has also been closing restaurants. It's selective, and the chain has opened some new locations as well, but that's cold comfort to people who watch their nearby location shut down.
Chili's success has been driven by its value offerings. That's something Brinker CEO Kevin Hochman talked about during the Chili's parents company's fourth-quarter earnings call.
#value #restaurants #fast #chains
