Good Lifestyle

Fresh acquisitions LLC, the parent company of six chains of restaurants with places out of 27 states, has just filed for bankruptcy Chapter 11. Although the deposit will save two of its brands, most of them will probably make the shop for the good.

According to the judicial documents examined byRestaurant BusinessThe company has entered the pandemic with up to 90 restaurants under the brands, the old sideboard of the countryside, the baffet of the hometown, the mountain of fire and the faith, which are all chains buffettes and Tahoe Joe, A chain of steakhouse in California. All except six Tahoe Joe sites are currently closed.

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Thanks to the bankruptcy process, the company plans to preserve two of its brands - Tahoe Joe's and a new redesigned version of Furr, unveiled last year. It also provides for a sale of Furr's intellectual property.

"We look forward to getting out of bankruptcy as a stronger operator with a focus on Tahoe Joe's and Furr's and Furr Market banners," Jason Kemp, CEO of Vitanova, restaurant operator who provides financing New acquisitions to get it during the process, says in a statement. "These big brands serving good food will create a platform for future growth."

However, the future of its four buffet style chains remains uncertain. A probable scenario is that they will simply reopen any of the places and their destiny also illustrates the pandemic struggles of buffet type operators, in particular. Golden corralsecond largest franchisee recently tabled for bankruptcy, while the beloved health buffetSubplantation Closed store only two months in the pandemic.

For more, discoverThe largest rapid catering chain of America is on a downward spiral, reports say. And do not forget toSubscribe to our newsletter To get all the latest news from the restaurant delivered directly in your inbox.