11 large catering chains that have deposited for bankruptcy
When coronavirus forced the dining room closure, these channels could no longer survive.
Almost all industries have been affected by the coronavirus in one way or another, but few have shown tumultuous effects that the restaurant industry has. When restaurants are starting to reopen,waiters',hostesses', andbartenders"Jobs will change considerably due to security measures; But the fact is that many of these service workers will not even be linked to the way in which their work life will be affected.
It's becauseThe country's restaurants had to get their doors closing Due to CVIV-19 restoration restrictions. Restaurants that could not pivot on a takeaway (which was the only way to stay in business to stay in several weeks) had to close and many of them will not be reopened.
One of the latest ditch efforts many restaurants will take to save their businesses is to file a bankruptcy. When a sector of activity for the bankruptcy of Chapter 11, the company has time to reorganize and restructure their business and can even look for a buyer for society. In this case, the company, or in this case the restaurant does not close for the good. Chapter 7 Bankruptcy, on the other hand, is the complete liquidation of a company. In other words, it must close for good.
These are the catering chains that had to declare bankruptcy because of the pandemic. Some will try to stand up, while others will be gone for good. We hope that these7 popular restaurants that may not survive the pandemic coronavirus are not the next victims of coronavirus.
Daily pain
Customers love Daily-Cabinet Pain called LPQ - for its range of healthy rates such as soups, salads and sandwiches. Unfortunately, the restaurant operator 98 the daily bread, PQ New York Inc.,Classified for Chapter 11 Bankruptcy at the end of May 2020. The parent company of the Bakery Chain based in Belgium has announced that it would sell American arm for only $ 3 million. Fortunately, it does not write the end for LPQ. The buyer, Aurify Marques,plans to reopen at least 35 daily pitches of pain and potentially rehiring former workers. If you plan to visit a restaurant soon, read these7 mistakes to avoid in dinner restaurants.
Brio Tuscan Grid
With the Italian chains in difficulty with sales before the pandemic, Covid-19 pushed the parent company of Brio Italian Mediterranean and Bravo Fresh Italian on the limit of Chapter 11 Protection against bankruptcy in mid-April 2020. Before the pandemic, Company management, Foodfirst Global Restaurants, had already closed 10 stores. In the midst of the coronavirus epidemic, this number has risen to71 of its 92 restaurants. Foodpirt will seek to sell society, so I hope it is not the last you will see from these other restaurants. Stay informed and get the latest feeds delivered directly to your inbox byRegister for our newsletter.
Sushi Bamboo & Quickfish
These two small chains of restaurants - with a combination of 10 locations on the west coast brought durable seafood to the foreground. Bamboo Sushi was the first sustainable sushi restaurant in the world and the world's first restaurant to know their carbon footprint until the menu item. While operating with an incredibly thoughtful and conscious mission, these two seafood chains can end here. The parent company for both seafood chains, durable restoration funds,filed for the federal protection of bankruptcy in April 2020, blaming the coronavirus stop. The parent company hopes to sell the two channels to keep them afloat.
Sweet tomatoes and sublanting
Sweet tomatoes, which operate as a breathability in the south of California, had a good race. Founded in 1978, the all-style buffet restaurant chain -------------------------------neutron is 97 locations from May 2020 to What he succumbed to COVID-19. With CDC guidelines forcing restaurants and buffets to slow down the propagation of coronavirus, there was nothing silvele with a row to stay on the pandemic. In May 2020, the parent company of the chain, freshness garden Corp,filed for the bankruptcy of Chapter 7-Hew to liquidate the business and close its doors for good.
Logan's Pavement
This Steakhouse in Nashville, Tennessee crossed a lot. The catering chain, which operates 230 sites out of 23 states, filed for bankruptcy in 2016, but then left bankruptcy at the end of this year. In 2018, the channel was acquired by Eraftworks Holdings: a multimelic operator and a specialized franchisor in the restaurants of the brewery. In addition to Logan's Road, the holder owns eight other restaurant channels, including the Old Pizza and the Chicago Tapo, Rock Restaurant & Brewery Works and Brewing Grille Works.
When states imposed that restaurants and bars close because of coronavirus, craftsmen could not keep their restaurants afloat. In March 2020,Arraftworks tabled in Chapter 11 Bankruptcy And then announced in April that all Logan's road sites remain closed indefinitely and plan to determine if the doors will remain closed for the property.
Toojay's
Despite receiving $ 6.4 million in PPP funds from CountryCheck Protection Protection (PPP), Florida Toojay Deli Chainfiled for the Federal Protection of Bankruptcy at the end of April 20 2020, citing coronavirus as a cause. Most of the Deli chain locations are still open for take-out and delivery while others are closed indefinitely.
Fig & olive
The high-end fig & olive restoration chain operates eight sites in five states but can decrease to nothing. In early July, the Owner of Fig & Olive, luxury restoration group, said the bankruptcy of Chapter 11,cite employee lawsuits and pandemic. To date, the chain - which serves southern cuisine from France, Spain and Italy - has set up a 700 amazing workers and is currently only 34 employees. The channel plans to reorganize and recover and is reopening some of their locations.
Pizza Hut & Wendy's
Before worrying, Wendy's and Pizza Hut do not show up business. However, one of the largest franchisees, NPC International Inc. of both restaurants,Tabled in Chapter 11 Protection against bankruptcy in early July. NPC International, which operates more than 1,600 restaurant franchises, had had harm before the pandemic and forced restaurant closures have exacerbated existing problems. The future of the company research however.Pizza hut sells a pizza like crazy and NPC hopes to use money to maintain operations, pay benefits for employees and pay suppliers of goods and services.
I JUMP
As with Wendy's and Pizza Hut above, IHOP does not go under. It's franchised ihop,Holdings CFRC, which filed for protection against the bankruptcy of Chapter 11mid-May. The operator closed 49 restaurants in North Carolina, South Carolina, Tennessee and Virginia.
Chuck E. Cheese
YourThe favorite childhood restaurant is at risk of closing forever. At the end of June, the parent company of Chuck E. Cheese, CEC Entertainment Inc.,filed for the bankruptcy of Chapter 11. Despite the secret operations under the name of Pizza and Pasqually wings on delivery applications such as GrubHub during the pandemic, this desperate attempt to drive income was not enough to keep the chain famous for its games, singing emissions from Animatronic mouse and pizza afloat. Speaking of delivery, do you know these7 worse to take away and the delivery foods of all time?