bankruptcy
Stories tagged “bankruptcy”
Meritage Hospitality: 33 Wendy’s closed, 60 more at risk
A US Bankruptcy Trustee calls the pace of Meritage’s closures extraordinary, as Wendy’s argues its biggest franchisee has no right to keep running the restaurants at all.
Fireman Hospitality Group sells to Landry's out of Chapter 11
Three of Sheldon Fireman's New York dining rooms are heading to a Houston buyer, a year after his death and a cash crunch fed by merchant cash advances.
True Food Kitchen bankruptcy: 12 restaurants close, sale ahead
The US health-focused chain filed for Chapter 11 in Texas with $42.1 million in funded debt, keeps 34 restaurants open and plans a court-supervised sale by January.
Yardbird bankruptcy filing opens court sale process
Yardbird Group LLC and ten affiliated entities filed for Chapter 11 protection in Delaware on September 21, listing $25 million in secured debt as the chain pursues a court-supervised sale.
Wendy's biggest US franchisee files for Chapter 11
Meritage Hospitality, which runs 314 Wendy's restaurants, filed for bankruptcy protection after store-level earnings fell 48% in a year.
Osaka restaurant bankruptcy: LIAISON operator owes ¥1.2bn
The DINING, which opened the Michelin-starred French restaurant LIAISON in 2017 and grew to about 30 outlets, has stopped trading with some 300 creditors.
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