California Pizza Kitchen Declares Bankruptcy
California Pizza Kitchen, which has 163 corporate locations and 16 franchises in the U.S., announced Thursday that it filed for Chapter 11 bankruptcy.
Finance
Out of Crisis Comes Opportunity for Applebee’s, IHOP
From a net growth perspective, the casual-dining industry was on the retreat pre-pandemic. But that could change quickly.
Bankrupt Bamboo Sushi Bought for $2 Million
Portland-based investment firm Sortis Holdings announced Tuesday that it acquired Bamboo Sushi parent Sustainable Restaurant Group out of bankruptcy for $2 million.
HEALS Act Would Cut Unemployment Benefits and Tweak Paycheck Protection Program
On Monday, GOP leadership in the Senate introduced a $1 trillion stimulus package—labeled the HEALS Act—that would deliver more checks to citizens, several tweaks to the Paycheck Protection Program ...
Trudy’s Texas Star to be Purchased for $6.5 million
Private equity firm Hargett Hunter Capital Management has agreed to purchase Texas-based chain Trudy’s Texas Star out of bankruptcy for $6.5 million.
O’Charley’s Refuses to Flinch During Pandemic
Don’t use the word “unprecedented” around the O’Charley’s office.
Survey: 53 Percent of Brooklyn Small Businesses Will Struggle to Stay Open
A survey released Monday by the Brooklyn Chamber of Commerce previews a precarious position for local small businesses that have reopened since the COVID-19 “pause” was partially lifted in New York ...
Leveraged Finance Trends Impacting the Restaurant and Franchise Market
While the COVID-19 pandemic has wreaked havoc on customers, employees, and equity owners of restaurants, health clubs and innumerable consumer-facing businesses, it has also brought their lenders t ...
Is the Restaurant Industry Headed for a Bankruptcy Wave?
Before the pandemic, operators expected a reduction in restaurants because of oversaturation.
