This Fast-Casual darling chain has been saved from bankruptcy
The coffee and pastries of this bakery / restaurant could return later this month!
While someRestaurants may not recover after having beenforced to deposit bankruptcyFor another, things get up! Daily pain, known for pastries, coffee and other breakfast staples, has recently been bought as part of a bankruptcy.
His former parent company, PQ New York Inc. filed for the bankruptcy of Chapter 11 in May. In the deposit, they said they would sell coffee. Aurify Brands picked up American locations for $ 3 million and announced reopening plans of 35 of 98. And more locations could be added to the sale (some already have!), Meaning that they could also reopen.
Related:7 states where the reopening of restaurant has paused or reversed indefinitely
But even before the pandemic, when home stay orders have forced the restaurants to close or take to take away, on delivery or driving through only, Café Belgium faces financial difficulties. There were 300 places around the world when the daily apple was operated by PQ New York.
The saved cafes of bankruptcy can be smaller due to the pandemic. Some other classic features of coffee may not be aloud when they reopen, such as communal tables. But others, like jazz playing loudspeakers of the restaurant, might.
Andy Stern, Co-Director General of Aurify, said their strategy for cafes of the daily pain saved from bankruptcy consists of bringing them back to their roots, according toNews from the Nation's restaurant.
"All the attraction here was the brand. We think it's one of the best brands in the industry and he has a huge opportunity," he says. "We are trying to reinvest in what guest experience was ... it's great to have all the facets on the right, the coffee program with the service style and even music." Stern says they also plan to re-dress about 1,200 of the 2,500 employees who have been left at the beginning of the pandemic.
The cafes included in the sale are located in New York, Connecticut, Maryland, Virginia, Washington D.C., Florida and California. Restaurants inthese states have recently been closed due to an increase in CVIV-19 cases, andThis state has just closed bars for at least another month.