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
2 months ago
